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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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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Appointing officers and members of the board.
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Determining the best possible manner to create and enhance value for the company.
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Identifying and retaining independent accountants and legal counsel.
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Bringing our corporate reporting current.
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Selecting a location for corporate offices and future shareholder meetings.
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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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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.