Beacon Redevelopment Industrial Corporation Establishes Working Capital Line of Credit
May 15 2012 - 1:39AM
Marketwired
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.
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CONTACT: Public Relations Beacon Redevelopment Industrial
Corporation 541 Port Richmond Avenue Staten Island, NY 10302 (800)
239-5012 Email Contact
Beacon Redevelopment Ind... (CE) (USOTC:BCND)
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