BELIZE CITY, Belize, May 18 /PRNewswire/ -- BHI Corporation
(Nasdaq: BHIC), a leader in outsourced facility services in North America,
announced today that, as had previously been indicated, the board of directors
has declared a three for one stock split to be effected by a stock dividend of
two ordinary shares for each outstanding ordinary share held of record on
May 21, 1999.  Certificates representing the new shares will be distributed on
May 24, 1999.
    As announced on April 1, 1999, BHI is in the process of merging with
Carlisle Holdings Limited (London: CLH).  The merger is expected to be
effective in early June and the company's name will be changed to Carlisle
Holdings Limited.  As a result of the stock split,  BHI shareholders will hold
three shares in the merged company for every BHI ordinary share currently
held.

    Forward-Looking Statement
    Certain statements in this press release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995.  In particular, statements contained herein regarding expectations
with respect to future revenue and business expansion, are subject to known
and unknown risks, uncertainties and contingencies, many of which are beyond
the control of BHI, which may cause actual results, performance or
achievements to differ materially from anticipated results, including, among
others, overall economic and business conditions, the demand for BHI's
services, competitive factors, regulatory approvals and the uncertainty of
consummation of future acquisitions.  Additional factors which may affect
BHI's business and performance are set forth in BHI's filings with the
Securities and Exchange Commission.
    NOTE:  This and other press releases are available through Company News On
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