Full News >> BIH Corporation Details Current PlansLast update: 9/8/2009 1:09:00 PMFREEHOLD, N.J., Sept 08, 2009 /PRNewswire-FirstCall via COMTEX/ -- BIH Corporation (Pinksheets: BIHC) today announced it will detail plans to move the company forward and regain liquidity for its shareholders. On February 6, 2009 the Securities and Exchange Commission suspended trading of BIH Corporations securities for a period of 14 days with the suspension ending on February 20, 2009 due to certain allegations regarding the company's press releases, management and operations. The result of this temporary suspension was the company lost its liquidity due to the fact that market makers were no longer allowed to make a market in the company's securities. The company was relegated to the Grey Sheet Market from the Pinksheet Market thus losing liquidity for its shareholders. Over the past several months the company along with its advisers have been working on plans and ideas to regain liquidity in its securities and has identified two avenues of achieving this goal. Once the company has conclusively determined which approach it will utilize a public announcement will be made within the next few weeks outlining the complete details. The company's overall goal is to restore itself as a viable publicly trading entity while regaining liquidity of its securities in the market place for its shareholders. The company has established a new corporate phone number for shareholders and interested parties to contact them for any and all questions regarding the company and any of its operations. The new contact number is 732.358.6826. SOURCE BIH Corporation
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