FREEHOLD, N.J., Dec. 29 /PRNewswire-FirstCall/ -- BIH Corporation (Pink Sheets: BIHC) today announced that the controlling shareholder, Mr. Cris Galo, has elected Mr. Edward W. Hayter as President & CEO of BIH Corporation.
"Mr. Hayter at first was reluctant to accept the position; however, I convinced him that he was the only person for the job," said Mr. Cris Galo.
"I am honored to be elected President & CEO of this Company, as I look forward to repairing the damage that has occurred to this once thriving company while restoring shareholder value," said Mr. Edward W Hayter.
Mr. Hayter also stated that he "will be reviewing the company's operations along with any possible defamation actions that will protect the legal position of their shareholders."
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
