Beneficial Holdings Inc. is excited to announce that they have commenced negotiations to finalize a binding Memorandum of Understanding
Beneficial Holdings Inc. is excited to announce that they have commenced negotiations to finalize a binding Memorandum of Understanding in order to acquire a significant interest in a domestic US operating company involved in the gaming and casino interests. They are in the midst of the final negotiation to engage an advisor for their activity in the casino and gaming activities. Their intention is to have an operation as part of the domestic gaming division alongside the future energy division for the MOU is in the midst of being finalized and to have the advisor engaged. There are other intentions to form two other divisions where there will be a level of synergy that will go over well for the future.
The President and CEO, Gregory N. Senkevitch states: "We believe it important to have a well-balanced company comprised of domestic operations that will be somewhat unaffected by the cycles of the economy. Our vision includes energy, gaming, beverage and value added real estate. Each division, in its own right, shall have the fundamentals that would make it both profitable and stable with a path to future growth in earnings and appreciated value. All should be in a position to commence generation of returns to investors without the risk of having to wait very long for licensing or production. We are in the midst of assessing our opportunities for each segment of our prospective business plan."
The company’s previous management had filed their financial statements for the year that ended at the end of December last year. The request was for further clarification by the current management. They do appreciate the response by filing the amendment and are going to review the information to determine if this is consistant with what might be expected of this type of company that is interested in full compliance. In the future, the US generally accepted accounting principles and regulatory reporting requirements that are needed. "Beneficial Holdings Inc. is currently known as a casino investment holdings company, specializing in acquiring undervalued gaming assets. Prior to coming on board, expectations were that the company would grow through acquisitions, strategic alliances and entrepreneurial investments. The intention is to deliver exactly that," according to Senkevitch.