BFHJ - An Explosive End To Its 'Quiet Period'

We brought the BFHJ story to the table last week. BFHJ was, at that time, entering a quiet period before announcing an acquisition. We thought it was a good time to scoop up a few shares before the news hit the wires. On Friday the shares closed at $.026 and it appears that is just the beginning.

Lets hope you have those shares, because the news out tonight should move the stock in a big way Tuesday morning. The release, in its entirety, is below. For now we'll just focus on a few details before we head to sleep.

According to tonights release BFHJ will earn $.25 a share before EBITDA. The tentative valuation of BFHJ's shares per the acquisition is roughly $.21 a share, almost 1,000% higher than Friday's close. This valuation is base purely on the acquisition price. Obviously BFHJ is bringing substantial revenue aboard which could increase valuations even further.

Bottom line is BFHJ hit a grand slam with this $42 million offer and the value of BFHJ shares have increased substantially, although we'll let the market determine by exactly how much going forward, though this does appear to bode well for BFHJ investors.


Beneficial Holdings Offers $42 Million and Stock for Thunderbird Resorts

LAS VEGAS, NV, Sep 08, 2009 (MARKETWIRE via COMTEX) -- Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today announced that its courier delivered an offer to the Board of Directors of Thunderbird Resorts, Inc. (TBIRD), to acquire between 80% and 100% of its stock for US $2.12 cash per TBIRD share along with an exchange of 1 Beneficial Holdings share for every 10 shares of TBIRD.

The cash portion of the acquisition would be approximately US $42,000,000 dollars paid along with the issuance of 2,000,000 Beneficial Holdings to TBIRD shareholders. The offer not only provides present Thunderbird Resorts shareholders with an equity stake in Beneficial Holdings, it would provide a cash payment of more than double the current trading price of TBIRD.

Beneficial Holdings believes the offer to be fair and adequate upon review of TBIRD's audited financial statements. If accepted, Beneficial Holdings maintains the right to pursue due diligence to verify the information contained in the published filings of TBIRD which may be found on their investor relations website at www.thunderbirdresorts.com.

Upon a successful completion of the acquisition where Beneficial Holdings obtains the entire 100% of TBIRD, the acquisition would add annual revenues in excess of US$1.45 per share (after all dilution resulting from the issuance of shares to TBIRD shareholders), and annual net earnings EBITDA in excess of $.25 per Beneficial Holdings share.

The acquisition of TBIRD, which is listed and trades on the NYSE Euronext Amsterdam Stock Exchange, will provide Beneficial Holdings immediate entry in the Central and South American gaming market. TBIRD maintains over 31 gaming facilities, a slot machine route, nine hotels, and a nine-hole golf course.

Established gaming operations are in Panama, Guatemala, Nicaragua, Costa Rica, Philippines, Peru, and Poland. In all, TBIRD maintains 7,400 gaming positions, 20,000 square meters of gaming space, and 760 hotel rooms (in Peru, Costa Rica, and the Philippines). TBIRD maintains a staff of over 5,700 highly trained and valued employees.

The acquisition would provide Beneficial Holdings with popular brands such as Fiesta in Costa Rica, Panama, and Guatemala, Lucky's in Costa Rica, Pharaoh's in Nicaragua, Thunderbird in Peru and the Philippines, among others.

In addition, purchasing TBIRD would provide a vehicle to market Beneficial Holdings' forthcoming web and software based internet gaming program to non-United States customers.

This press release does not constitute an offer of any securities for sale. It 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 statements involve risks and uncertainties that could cause actual results to differ. All statements in this press release are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect events or circumstances occurring after the date of this press release.

Contact:
Investor Relations
Beneficial Holdings
Email Contact
(702) 522-1527