BIH Corporation Initiates Merger Negotiations

FREEHOLD, N.J., April 28 /PRNewswire-FirstCall/ -- BIH Corporation (Pink Sheets: BIHC) today announced that it has entered preliminary merger negotiations.

The Company in its pursuit of regaining shareholder liquidity has entered these preliminary merger negotiations in the best interest of its shareholders, these negotiations are in the very early stages of a possible merger agreement.

Management recognizes that their shareholders have suffered an unjust dilemma regarding their ability to trade their shares freely on the open market, management is doing everything possible to rectify this injustice.

The Company continues to operate as a functioning entity regardless of the shareholders current inability to freely trade its shares on the open market, any and all attempts to impede the current negotiations or operations of the Company might require corporate counsel review.

"I am committed to restoring the Company to its former prominence while protecting and enhancing its shareholders position, regardless of  the current Company status I believe BIH Corporation will regain the prominence it once held," said Edward W Hayter, President of BIH Corporation.  

This press release does not constitute an offer of securities for sale. It contains 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 results to differ. Statements are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect occurrences after the date of this release.

http://www.bihcorporation.com

SOURCE BIH Corporation