Beacon Redevelopment Industrial Corp. Announces Plan to Become Fully Reporting
June 12 2012 - 9:03AM
Marketwired
Beacon Redevelopment Industrial Corp. (PINKSHEETS: BCND) today
announced that it retained a full time accountant to complete
financial statements for the purposes of audit. Once completed, the
Company intends to file the necessary documents to become fully
reporting. In the interim, the Company will continue to work with
the appropriate authorities to be recognized under a voluntary
filing reporting standard or under an alternative reporting
standard.
The Company expects to have the records audited within ninety
days. "In order to be fully transparent, we must remove ourselves
from the grip of the Pink Sheets and become fully reporting," said
Frank Castellano, President of Beacon Redevelopment.
ABOUT BEACON REDEVELOPMENT:
Beacon Redevelopment Industrial Corp. is a publicly traded
company with 322,000,000 authorized shares. Through its
subsidiaries, the Company owns over 250 acres of development land
in West Virginia, the Westmoreland Glass Factory in Grapeville,
Pennsylvania, 1,000 acres of coal rights in Pennsylvania, and
various natural gas rights and claims.
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.
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CONTACT: Public Relations Beacon Redevelopment Industrial
Corporation 541 Port Richmond Avenue Staten Island, NY 10302 (800)
239-5012 Email Contact
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