BENEFICIAL HOLDINGS ANNOUNCES 2ND QUARTER 2013 EARNINGS
Montvale, NJ, September 26, 2013 – Beneficial Holdings Inc. (OTCPK: BFHJ) today announced the results of operations for the second quarter ended June 30, 2013 (pending the completion of its previously-announced acquisitions and FINRA approval of a previously-announced reverse split of its common stock to accommodate the acquisitions). .
The Company recorded $70,000 of revenue for the three months ended June 30, 2013. The net loss for the period was $145,490 (nil per share before the effects of the Company’s announced 1:5000 reverse split of its common shares) and a loss of $0.01 per share after considering the aforementioned reverse split).
SEE ATTACHED FOR FULL TEXT OF PRESS RELASE