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Beneficial Holdings Executes Letter of Intent for a Second Hotel and Gaming Venture

December 31, 1969

EL CRUCERO, NICARAGUA--(Marketwire - May 20, 2010) - Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, previously announced that it entered into negotiations to build a tourist hotel and gaming parlor in El Crucero, Nicaragua.

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