BNS Holding, Inc. Shareholders Approve Reverse/Forward Stock Split at 2007 Annual Meeting.

ORLANDO, Fla. -- BNS Holding, Inc. (OTCBB:BNSIA) announced that at its 2007 Annual Meeting of Stockholders held yesterday in Orlando Florida the Company's shareholders voted to approve the following proposals:

1. To amend the Company's Certificate of Incorporation to effect a 1-for-200 reverse stock split of the Company's outstanding Class A Common Stock. Stockholders owning fewer than 200 shares of Common Stock on the record date of August 2, 2007 will have their shares cancelled and converted into the right to receive $13.62 for each share of Common Stock held prior to the reverse stock split. The reverse split will be immediately followed by a 200-for-1 forward stock split. The effective date of the Reverse/Forward Stock Split is August 2, 2007.

2. To grant the Company an option to acquire shares proposed to be transferred by stockholders subsequent to the Reverse/Forward Stock Split if, after such sale, there would be 250 or more holders of record of the Common Stock.

3. To amend the Company's Certificate of Incorporation to decrease the number of authorized shares of Class A Common Stock from 30,000,000 to 5,000,000, and to eliminate the authorized shares of Class B Common Stock that were previously converted to Class A Common Stock.

4. The election of Kenneth Kermes, John Robert Held, Jack Howard and James Henderson as directors to serve until the next annual meeting of stockholders in 2008.

5. The approval of McGladrey & Pullen LLP as the Company's independent accountants for the fiscal year ending October 31, 2007.

The effect of the first two proposals will be to reduce the number of shareholders of record to fewer than 300 and thus terminate the Company's obligation to file reports with the Securities and Exchange Commission. The Company's common stock will continue to be traded on the Pink Sheets, but will be voluntarily de-listed from the Boston Stock Exchange and the OTC Bulletin Board, where it currently is traded. The Company intends to continue to provide shareholders with annual audited financial statements and quarterly financial information by making these documents available on a Company website. These reports will not be as detailed or extensive as the information the Company has been required to file with the SEC or has provided to its shareholders in the past. However, the Company believes the reports will provide investors with sufficient information to make informed investment decisions. All shareholders are advised to read the definitive proxy statement and Schedule 13E-3 filed by the Company on May 30, 2007 at the SEC's web site, www.sec.gov, for a more complete description of the reverse/forward stock split.

In remarks made during the meeting, Michael Warren, President and CEO of the Company, commented on the Company's extensive search for a suitable acquisition candidate and completion of the merger with Collins Industries.

"After reviewing many opportunities, it became clear that Collins Industries was the ideal acquisition candidate. With significant assistance from our lead investor, Steel Partners, and our operational partner, AIP, we completed the Business Combination with Collins Industries on October 31 of last year. We are extremely excited about the prospects of this business. It operates in market spaces that have bright futures, and it is dominant in those spaces."

Mr. Warren also disclosed that he was resigning as President, CEO and CFO. "With the completion of the merger and the proposals being voted on here today, I will have accomplished what I was hired to do. Over the past couple of years the company has:

* Completed the environmental remediation of the North Kingstown site

* Unlocked the value of the North Kingstown and UK properties

* Stabilized the contingent liabilities

* Investigated and rejected the dissolution strategy

* Reorganized the company for an acquisition strategy

* Looked closely at several acquisition candidates

* Closed on an acquisition

* And finally, after today, will have de-registered the company

"Along the way we have reduced corporate overhead, built a new investor relationship with Steel Partners, taken care of the minutia of corporate management, and met some interesting characters. It has been quite a sleigh ride for a company that not too long ago was on life support. With a share price of $13.75 at its peak, I think the shareholders would agree that the new strategy is working.

"So, it is now time for me to turn over my executive positions to those who will have an ongoing role in the management of the "new" company."

Mr. Warren then turned the meeting over to Ken Kermes, Chairman of the Board of Directors, to conduct the business of the meeting, and to Randall Swift, President and CEO of Collins Industries, who presented an overview of the Collins operations and then conducted a tour of the Orlando manufacturing facility for the shareholders present at the meeting.

At a meeting of the Board of Directors immediately following the annual meeting, the directors elected Kenneth Kermes, current Chairman of the board, as President and CEO, Terry Gibson as CFO and re-elected Sandra Kearney as Corporate Secretary. With the completion of the merger with Collins, the Company's new corporate address is BNS Holding, Inc., c/o SP Corporate Services, 61 East Main Street, Suite B, Los Gatos, CA 95031.

This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of assumptions, risks, and uncertainties that could cause the actual results of the Company to differ materially from those matters expressed in or implied by such forward-looking statements. They involve known and unknown risks, uncertainties, and other factors, which are in some cases beyond the control of the Company, including whether it will be able to acquire a business or operate it profitably. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all filings may be obtained from the SEC's EDGAR web site, www.sec.gov, or by contacting: Kenneth Kermes, President and Chief Executive Officer or Terry Gibson, CFO, telephone [phone]. Further information regarding the Company can be found at the Company's web site, www.collinsind.com.