SOURCE: Beacon Redevelopment Industrial Corp.

August 25, 2009 00:42 ET

Beacon Redevelopment Industrial Corporation Announces Operational Developments

GRAPEVILLE, PA--(Marketwire - August 25, 2009) - Beacon Redevelopment Industrial Corp. (PINKSHEETS: BCND) today announced updated operational developments.

Beacon Pennsylvania Holdings, Inc. and its subsidiary Beacon Energy Corp. changed its Pennsylvania address to 2568 Radebaugh Road, Grapeville, PA 15634. All mail should be sent to the new address. This address has recently been assigned to Beacon by the United States Post Office and facilities are now in place to receive all mail. The Company hopes to establish an office on location in the next month.

Beacon's President, Rick Blackburn, is scheduled to arrive once again in Pennsylvania in early September to finalize all arrangements with Ameri-Source Services LLC regarding the demolition of the Grapeville project and how it will be completed. Shortly after the visit, the notification to the Pennsylvania Department of Environmental Protection will be made.

In addition, an application under the Uniform Construction Code will be submitted to the Pennsylvania Department of Labor for a demolition permit. (The delay in submitting the demolition permit to the Department of Labor is the required drawing of the facility on a 1 foot to 1/8 inch scale).

Beacon also began negotiations with Cribbs & Associates to perform certain ground testing at the facility. The Company does not believe ground contamination will affect the demolition, but it could affect future plans for building on the site.

At the direction of Mr. Blackburn, Beacon has revised its short term plans for the West Virginia acreage. A business proposal is being prepared and will be released to the public in mid-September regarding those properties.

Once the plan is released, the shareholders of the Company will be invited to assist in the development of the project by inputting their ideas and concerns. "It's a fun project to create revenue that everyone can have their input in," Blackburn said. Construction of the new West Virginia facilities could begin as soon as a month after the Pennsylvania glass factory demolition is underway.

This release does not constitute an offer of securities for sale. It 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 results to differ. All statements are based on information available as of the date hereof.

Contact Information

  • Beacon Redevelopment Industrial Corporation
    302-724-6919
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