Beacon Redevelopment Industrial Corporation Establishes Working Capital Line of Credit
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/15/12 -- Beacon Redevelopment Industrial Corporation (PINKSHEETS: BCND) today announced that it has established a line of working capital for the purpose of funding the deconstruction and clean up of its Westmoreland Glass factory and site.
Company executives visited the site last week to take a first hand look and formulate a plan of action. It was determined that the first order of business will be to clear the site of all overgrown vegetation and scattered debris so that equipment and workers can have unimpeded access to start demolition of the building itself.
The Company anticipates the clean up phase of work to commence within the next few weeks.
About Beacon Redevelopment Industrial Corporation:
Beacon controls projects in Pennsylvania and West Virginia that not only include real estate but also recyclable material, natural gas, timber, shale mining, nearly 1,000 acres of coal rights, and redevelopment rights that include use of property for a prospective resort and wilderness lodge. The company may consider cording off a section of their West Virginia property for a hunting lodge.
Beacon is a publicly traded company with 322,000,000 authorized shares broken down as follows: 5,000,000 preferred shares, 198,583,000 common shares consisting of 175,914,911 free trading shares and 22,668,089 restricted shares.
This press release does not constitute an offer of securities for sale and contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause actual results to differ. All statements in this press release are based on information available to the Company as of today, and the Company undertakes no obligation to update the statements in the future.
CONTACT:
Public Relations
Beacon Redevelopment Industrial Corporation
541 Port Richmond Avenue
Staten Island, NY 10302
(800) 239-5012
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Datum: 14.05.2012 - 23:39 Uhr
Sprache: Deutsch
News-ID 1114236
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Forestry
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