Turner Hughes Corporation Will Invest an Unspecified Amount of Capital into BIH Corporation
BROOKLYN, N.Y., Feb. 16 /PRNewswire/ -- Turner Hughes Corporation today announced that it will invest an unspecified amount of capital into BIH Corporation (Pink Sheets: BIHC) for use regarding certain professional services and other anticipated capital requirements. Turner Hughes Corporation is a Private Investment Company controlled by the current President of BIH Corporation, Edward W. Hayter Sr.
The terms and conditions of the investment and the amount have not completely been determined yet.
"BIH Corporation's current overall objective is to restore liquidity and marketability of the Company's securities. It is of my opinion that this investment is justified and warranted at this time considering the Company's overall plan," said Mr. Hayter.
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.
RELATED LINKS
http://www.turnerhughescorp.com
SOURCE Turner Hughes Corporation
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