FREEHOLD, N.J., Jan. 22 /PRNewswire-FirstCall/ -- BIH Corporation (Pink Sheets: BIHC) today issued an updated status on the Company.
The Company is currently reviewing several scenarios regarding its status as a marketable security. The Company currently trades on the grey sheets as a result of the SEC's previous trading halt (market makers at this time are not allowed to make a market in its security); however, the Company after extensive review believes that they can restore their status as a marketable security based on several options presented to them.
The Company has been approached by certain investors who believe that BIHC is a very viable Company, and they have expressed an interest in either acquiring them or merging the Company into a existing fully trading entity.
"It is the fiduciary obligation of the Company to do what is in the best interest of their shareholders and the Company alike, and that is what I intend to do," said Mr. Edward W Hayter, President.
Mr. Hayter also stated that its subsidiary Baron International is doing very well despite trying economic times, and he believes that this year may be one of the best in the Company's twenty-nine year history."
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.
SOURCE BIH Corporation