NEW YORK, Sept. 11 /PRNewswire/ -- BHI Corporation (Nasdaq: BHIKF), a
corporation with core businesses in Banking and Financial Services and
Construction and Property Development, as well as strategic investments in
Central America and the Caribbean, has announced the following:
    On September 9, 1996, Energia Global Inc (EGI) a Massachusetts-based
company, in which BHI owns a 20% shareholding, announced that it had completed
a US$33 million financing for its Rio Volcan hydroelectric facility in Costa
Rica.  The project received commitments for US$25.6 million in construction
financing from General Electric Capital Corporation and US$2 million in equity
financing from Energy Investors Funds.  Rio Volcan is a 17 MW project, sharing
a common power house with EGI's 14 MW Don Pedro hydro facility, which is
scheduled to be completed and on-line by the end of 1996.  Commissioning of
the Rio Volcan Facility is due for December 1997.
    At the same time, it was announced that Potomac Capital Investment
Corporation (PCI) has made a US$3 million investment in EGI and that BHI had
made an additional US$2 million investment.  As the unregulated subsidiary of
Potomac Electric Power Company, PCI has a great deal of energy expertise and
is a major investor in the power business.
    BHI's US$2 million investment is in addition to US$5 million previously
invested, bringing its total equity in EGI to US$7 million.  As such, BHI has
become EGI's largest investor, with a 20% stake in EGI. This brings the total
capital raised by EGI to US$19 million.  Other major shareholders include
Ogden Corporation, Thermo Electron and Constellation Power.
    On September 6, Belize Food Holdings Limited, BHI's 27% owned citrus
processor in Belize, signed a joint venture agreement with two European
partners to establish a US$5 million state-of-the-art facility in Belize for
the production of a new form of frozen citrus concentrate, using a process
similar to the freeze drying process used in other parts of the food industry.
The process, which has been successfully established in Japan, results in a
high quality product for the consumer comparable to single strength quality.
Belize Food Holding's European partners will provide equipment, technical
expertise and a European market outlet for the new product.
    Commenting, BHI's Chief Executive Officer, Allan Forrest, said, "We are
pleased to announce these exciting new developments which further strengthen
BHI's presence in the region.  I am also pleased to report that fiscal 1997 is
off to a good start with continued growth in BHI's core businesses.  Our other
strategic regional investments are also successfully pursuing new projects and
new markets and we expect to achieve our target of 25% growth in earnings per
share for the full year compared with earnings per share (pre restructuring)
of US$2.04 for the year ended April 30, 1996."
    BHI prepares its financial statements in US dollars and in accordance with
US GAAP.

    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 the
consummation of future acquisitions, as well as expectations with respect to
future revenues 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, performance or achievements.  Factors
that might affect such forward-looking statements include, 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 fillings with the Securities and
Exchange Commission.

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