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Press Releases |
May 2, 2006
Bexil Corporation Announces Acquisition Parameters
NEW YORK
- Bexil Corporation (AMEX: BXL) announced today its business acquisition parameters:
1) A proven track record with demonstrated
earning power.
2) Sales of between $10 million and $50
million.
3) A seasoned business with solid customer
relations.
4) Good return (at least 15%) on equity,
little or no debt.
5) Solid management must remain. Audited
financials required.
6) Particularly interested in a "spin-off"
from a larger company.
Thomas Winmill, President of Bexil, said "With the $39 million proceeds from the sale
on April 28, 2006 of its operating unit, Bexil will seek to
acquire and/or develop one or more businesses. We are not interested in acquiring
start-ups, turnarounds, or high tech. We will sign a confidentiality agreement
and will protect broker's sell agreements. If the seller quotes a price, we will respond promptly."
Bexil is a holding company. Approximately 25% of Bexil's shares are owned by Winmill
& Co. Incorporated (OTC: WNMLA), which is engaged through subsidiaries in stock
market and gold
investing through its investment management of equity and gold mutual funds, as
well as through proprietary securities trading.
Safe Harbor Note Certain of the statements and predictions contained herein constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act.
In particular, any statements, projections or estimates that include or
reference the words "believes," "intends,"
"anticipates," "plans," "expects,"
"will," or any similar expression fall within the safe harbor for
forward-looking statements contained in the Reform Act. Forward-looking
statements are not guarantees of future performance and involve risks,
uncertainties, and other factors, including those set forth below, which may
cause our actual results, performance or achievements to be materially
different from any future results, performance, or achievements expressed or
implied by those statements. More information on potential risks and
uncertainties is available in the Company's recent filings with the Securities
and Exchange Commission, including its Form 10-KSB, quarterly Form 10-QSB
reports and Forms 8-K.
Press Release Links
May 2, 2006
Bexil Corporation Announces
Acquisition Parameters
April 28, 2006
Bexil Corporation Announces
Consummation of York Sale and Payment Date of Special Dividend
April 27, 2006
Bexil Corporation Announces
Stockholder Approval of York Sale
April 3, 2006
Bexil Corporation Announces 2005
Financial Results
December 27, 2005
Bexil Corporation Agrees to
Sell Interest in York Insurance Services Group
November 14, 2005
Bexil Corporation Announces
Third Quarter 2005 Financial Results
Novermber 10, 2005
Bexil Corporation Adopts
Shareholder Rights Plan
November 9, 2005
Bexil Corporation Announces
Conference Call
August 15, 2005
Bexil Corporation Announces Second Quarter
2005 Financial Results
July 11, 2005
Bexil Corporation
Announces Financial Results for the First Quarter Ended March 31, 2005
June
20, 2005
Bexil
Corporation Announces Financial Results for 2004 and New Filing Date for 10-QSB
April 18, 2005
Bexil Corporation Announces
Change of Independent Registered Public Accounting Firms
September 13, 2004
Bexil Corporation Announces Conference Call
August 13, 2004
Bexil Corporation Announces Financial Results for the Second Quarter Ended June 30, 2004
May 17, 2004
Bexil Corporation Announces Financial Results for the First Quarter 2004
March 1, 2004
Bexil Corporation Omits First Quarter Dividend
January 6, 2004
Bexil Corporation Announces Deregistration
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