Andrew H. Scott

B.H.I.T. Inc. is a shell company without significant operations or sources of revenues other than its investments. The company's existing operations relate primarily to servicing their cash investment portfolio and maximizing existing capital with stable interest generating instruments. However, their management team is aggressively investigating potential operating companies to acquire and additional sources of financing. Currently they are focusing their efforts on railroad track construction, repair and maintenance businesses, but the company cannot guarantee they will complete an acquisition in this industry.