Beneficial Holdings Inc (BFHJ)

[Penny Stocks 2.0]

Beneficial Holdings Affiliates Agree to Purchase Location for Gaming in Masaya, Nicaragua
Date : 10/21/2010 @ 9:33AM
Source : MarketWire
Stock : Beneficial Holdings, Inc. (BFHJ)
Quote : 0.0026 0.0 (0.00%) @ 8:38AM


Beneficial Holdings Affiliates Agree to Purchase Location for Gaming in Masaya, Nicaragua
BENEFICIAL HOLDINGS INC (OTC) (USOTC:BFHJ)
Intraday Stock Chart
Today : Thursday 21 October 2010

Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), announced that, through its subsidiaries in Nicaragua, it has agreed to purchase a second location for gaming in Masaya, Nicaragua. The location is on a main commercial street and will contain a slot parlor with approximately 25 gaming machines. The building will be purchased free and clear without any mortgage. The transaction is expected to close within fourteen business days as all details have been agreed upon.

"The business district in Masaya, Nicaragua, is rapidly expanding with tourism as the city is becoming a hot spot for visitors. We feel that having multiple locations in the city will be lucrative in the coming years," said Carolina Navarro, President of Beneficial Holdings, Inc.

The Company's subsidiaries will manage the slot parlor and will distribute gaming disks for its bet.cr casino from the location. Management believes the operation will be fully functional within sixty (60) days. It will carry the bet.cr by Beneficial name.

ABOUT BENEFICIAL HOLDINGS,