NEW YORK, NY--(Marketwire - August 14, 2007) - Bexil Corporation (AMEX: BXL) today reported its financial results for the second quarter ended June 30, 2007.

Bexil recorded net income of $56,803 or $0.06 per share on a diluted basis for the six months ended June 30, 2007 compared to net income of $21,673,904 or $23.49 per share on a diluted basis in 2006.

Our primary source of income since the sale of our fifty percent interest in York Insurance Services Group, Inc. ("York") in April 2006 has been from interest and dividends earned from U.S. Treasury securities and money market funds. Interest and dividend income increased $14,000 and $320,000 for the three months and six months ended June 30, 2007, respectively, compared to 2006. Total expenses decreased $1,928,000 and $1,870,000 for the three months and six months ended June 30, 2007, respectively, compared to 2006. As a result of the York sale revenue earned from York and the recognition of equity in the earnings of York ceased. In 2006, we recognized a loss from the equity in the earnings of York of $734,000.

At June 30, 2007, we had positive working capital of $37,847,948, total assets of $38,217,740, no long term debt, and shareholders equity of $37,973,134. Our book value per share at June 30, 2007, (883,592 shares issued and outstanding) was $42.98.

Business Overview. Since the sale of the York shares, we have been operating to acquire and/or develop one or more businesses. There are no limits on the types of businesses or fields in which we may devote our assets. We have not agreed to acquire any business as of the date of this press release. We have no plans to dissolve and liquidate the Company. We are currently engaged in the business of evaluating opportunities to develop and acquire long term acute care hospitals and other enterprises.

Our acquisition parameters for a public company and private business are

--  A proven track record with demonstrated earning power.
--  Sales between $10 million and $50 million.
--  A seasoned business with solid customer relations.
--  Good return (at least 15%) on equity, little or no debt.
--  Solid management must remain.  Audited financials required.
--  Particularly interested in a "spin-off" from a larger company.

We generally are not interested in acquiring (but we may develop) start-ups, turnarounds, or high tech. We will sign a confidentiality agreement and will protect a broker's sell agreement. If the seller quotes a price, we will respond promptly.

About Bexil Corporation

Bexil is a holding company. Bexil's quarterly reports on Form 10-QSB for 2007 and its Annual Report on Form 10-KSB for the year ended December 31, 2006 may be accessed at and at More information about Bexil may be found at Approximately 25% of Bexil's shares are owned by Winmill & Co. Incorporated (PINKSHEETS: WNMLA), which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds.

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.

The Company views book value per share, a non-GAAP financial measure, as an important indicator of financial performance. Presented in conjunction with other financial information, the combined presentation can enhance an investor's understanding of the Company's underlying financial condition and results from operations. The definition of book value as presented in this press release is shareholder's equity divided by currently issued and outstanding shares.

Contact Information: Contact: Thomas O'Malley Chief Financial Officer 1-212-785-0400, ext. 267