NEW YORK, April 16, 2012 /PRNewswire/ -- Beneficial
Holdings Inc. (PINKSHEETS: BFHJ) has passed a resolution appointing
Gregory N. Senkevitch to the post of
President. It is anticipated that officers and members of the board
of directors will be chosen shortly, with Carolina Navarro anticipated to remain as a
member of the board.
There is a desire to create a rock solid company that will be
poised for growth, in terms of future assets and earnings
with significant benefits to investors. A new website, independent
of the old one will be completed within the near future.
In the interim, you may disregard anything new on the existing
website in that it does not reflect the thoughts or actions of
BFHJ. Likewise, any information reported in other mediums may be
viewed as suspect, given that plans are just now being formalized
that will be of interest when revealed.
As to any initial thoughts and/or concepts?
"My first order of business is to determine how to maximize
value for our Company," said Senkevitch. "In that regard we
will need to start with some basic items such as:
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1.
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Reviewing
the existing gaming assets and determining a cogent action plan.
Per the above, any reports or announcements are to be disregarded
other than those issued by the new management or officers of
BFHJ.
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2.
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Appointing
officers and members of the board.
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3.
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Determining the best possible manner to create and
enhance value for the company.
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4.
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Identifying and retaining independent accountants and
legal counsel.
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5.
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Bringing
our corporate reporting current.
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6.
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Selecting
a location for corporate offices and future shareholder
meetings.
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7.
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Reviewing
the existing capitalization, share structure and shareholder base.
Such would include a determination to consider a possible
reversal of the recent increase in shares but being careful
to avoid a loss of share value through such action by
the company. Our desire is to create and enhance value for the
shareholders and we are committed to creating a solid corporate
entity to be proud of.
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Our
thoughts on this point? Well,
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It may
be easy to split shares
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It may
also be easy to issue large amounts of shares
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WHAT IS
NOT EASY?
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retaining value while setting the stage for
increasing value & growth.
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8.
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Pursuing
the addition and development of new assets that will be solid
investments which will capitalize on growing trends in the
marketplace and produce growth and earnings that will create the
necessary momentum to both enhance the market value of Beneficial
and provide a platform for steady growth.
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A press release will be issued within the coming days that will
outline one or more positive steps toward what we hope will be a
great year for those who have had and continue to have faith in
BFHC, due to current developments.
Best regards,
The Management of BFHC
Information
Beneficial Holdings Inc.
646-543-0677 Telephone
SOURCE Beneficial Holdings Inc.