BELIZE CITY, Belize, June 2 /PRNewswire/ -- Carlisle Holdings Limited
(Nasdaq: CLHL; London: CLH), announced today that the merger of BHI
Corporation with the "old" Carlisle Holdings Limited (London: CLH) has been
completed, creating an international leader in business services.  BHI has
changed its name to Carlisle Holdings Limited and the new Nasdaq trading
symbol is CLHL.
    The major operations of Carlisle Holdings include OneSource, a leader in
outsourced facilities services in North America; staffing services,
specialized contract cleaning and support services, and specialist security
services in the United Kingdom; and financial services.  Combined annual sales
will be approximately $1 billion and the market capitalization is
approximately $800 million.
    Commenting on the new company, Carlisle's Chairman and CEO, Mr. Michael A.
Ashcroft said, "We are very pleased that the merger of BHI and the 'old'
Carlisle was completed on schedule and we look forward to exciting expansion
opportunities on both sides of the Atlantic.  Carlisle has several competitive
advantages including very strong operating management; an established base of
profitable business; and the financial strength to pursue strategic
acquisitions.  We expect expansion of the outsourced services market in North
America and Europe to help fuel growth."
    Mr. Ashcroft added, "The merger has substantially enhanced liquidity and
Carlisle will now have 62 million shares outstanding.  Management compensation
is closely linked to building shareholder value and building value is our top
priority."
    In addition to the Nasdaq listing, New Carlisle's shares are also trading
on the Alternative Investment Market of the London Stock Exchange starting
today, June 2, 1999.
    Mr. Ashcroft is making a presentation today at the Merrill Lynch Business
& Education Services Conference at the St. Regis Hotel in New York at
2:00 p.m.  He will be presenting an overview of the "new" Carlisle Holdings
Limited and the Company's growth potential.

    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 Carlisle, 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 Carlisle's
services, competitive factors, regulatory approvals and the uncertainty of
consummation of future acquisitions.  Additional factors which may affect
Carlisle's business and performance are set forth in filings by Carlisle
Holdings Limited (formerly BHI Corporation) with the Securities and Exchange
Commission.

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