Beacon Redevelopment Industrial Corporation Appoints New President and Chief Operating Officer
April 20 2012 - 12:01AM
Marketwired
Beacon Redevelopment Industrial Corporation (PINKSHEETS: BCND)
today announced that it has appointed Frank Castellano as President
and Chief Operating Officer.
Mr. Castellano's first order of business will be to evaluate the
company's current assets and disposition. Once the evaluation is
completed, the company will then proceed via a fast track program
to implement a plan of action.
"The company has been sitting dormant on some extremely valuable
assets without producing any results, and it is my job to review
and determine the proper course of action that will gain
significant financial results," said Mr. Castellano, President and
Chief Operating Officer.
About Beacon Redevelopment Industrial Corporation:
Beacon through its subsidiaries, controls projects in
Pennsylvania and West Virginia that not only includes real estate
but also recyclable material, natural gas rights, logging rights,
shale mining rights, nearly 1,000 acres of coal rights, and
redevelopment rights that include use of the 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 a current share
structure of an authorized share structure of 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 any
securities for sale. This press release contains certain
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 forward-looking statements involve certain risks
and uncertainties that could cause actual results to differ. All
forward-looking statements in this press release are based on
information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking
statements to reflect events or circumstances occurring after the
date of this press release.
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CONTACT: Public Relations Beacon Redevelopment Industrial
Corporation (516) 331-0088 www.beaconredevelopment.com Email
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