SOURCE: Beacon Redevelopment Industrial Corp.

Beacon Redevelopment Industrial Corp.

June 12, 2012 09:03 ET

Beacon Redevelopment Industrial Corp. Announces Plan to Become Fully Reporting

NEW YORK, NY--(Marketwire - Jun 12, 2012) - 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.


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.

Contact Information


    Public Relations
    Beacon Redevelopment Industrial Corporation
    541 Port Richmond Avenue
    Staten Island, NY 10302
    (800) 239-5012
    Email Contact