Beneficial Holdings Inc (BFHJ)

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Beneficial Holdings Inc. (BFHJ) announces initial determinations

http://www.prnewswire.com/news-releases/beneficial-holdings-inc-bfhj-announces-initial-determinations-148115705.html


NEW YORK, April 19, 2012 /PRNewswire/ -- Beneficial Holdings Inc. PINKSHEETS: (BFHJ) today reports that

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It is currently discussing engagement of a qualified advisor for review of potential acquisition of positions within the energy industry.



"The criteria for such assets will include proven reserves, predictability of flow of energy, calculable revenue stream and ability to control costs to result in good earnings and the ability to add value within a reasonable period of time which includes earnings per share," according to spokeswoman Jai Morales. "These acquisitions will position the company to increase the breadth of its asset base and secure the company a role in the growing 'clean energy' aspect of the industry. The ability to extend the company's activity, beyond anything existing, into a growth industry and one that will contribute to the well-being of this country is of importance for the long term."






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As to the status of the stock, BFHJ will be undertaking a careful review of values. Historically, a decrease in the number of shares has sometimes resulted in a loss of shareholder value. It is assumed that, if a decrease in the number of shares would be detrimental, to the value and benefit to shareholders, new management will not allow such action to be taken.



"Our goal is not short term profit, which is the antithesis of what management of a corporation should achieve for its shareholders. Our goal is to maintain and enhance values for all concerned. The bottom line is that those who think that we intend to take any action, that would negatively impact the value of shares, are simply wrong," according to Ms. Morales.






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Members of the board and corporate officers will be announced shortly. "The company has decided to take a bit more time in selecting its members. It is desired that members of the board must have a track record and experience that will both create, maintain and continue the growth of the company," according to Ms. Morales.





Best regards,





The Management of BFHJ


Beneficial Holdings Inc.





646-543-0677 Telephone





This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.


SOURCE Beneficial Holdings Inc.