Beacon Redevelopment Retains Expert Geologist to Evaluate the Company's Natural Gas Holdings and Prospects Going Forward on its
2008年8月19日 - 2:26AM
PRニュース・ワイアー (英語)
NORTH HUNTINGDON, Pa., Aug. 18 /PRNewswire-FirstCall/ -- Beacon
Redevelopment Industrial Corporation (Pink Sheets: BCND) has
retained an expert geologist to evaluate the company's natural gas
holdings on its properties. The company believes that the natural
gas holdings on its properties are significant and needs an expert
opinion and evaluation to verify its belief, if the expert
geologist agrees the company may explore a possible spin off of its
natural gas holdings or an out right sale. The company has also
directed the geologist to determine if any other minerals of value
are present on said properties as the company retains all rights
per its acquisition terms. "We specialize and pride ourselves on
acquiring property with more then just real estate value, we look
to capitalize on every ounce of revenue from all possible sources
on a property and with the last two acquisitions we believe there
are many. If the geologist confirms our beliefs we then may spin
off the natural gas properties/rights as an energy company with
existing Beacon Shareholders receiving shares/participating or a
special dividend in the spin off entity," said Mr. Adam Merek,
President. Mr. Marek also added, "We are here to make money for the
company and its shareholders -- anything less would not be
acceptable as that is management's obligation." About Beacon
Redevelopment Industrial Corporation: Beacon specializes in
acquiring undervalued properties that offer the potential for above
average return on investment along with multiple assets and
development ability at distressed prices. The properties must offer
recyclable/salvageable materials along with the potential for
redevelopment and or desirable development potential. The company
also seeks, along with the above formentioned, properties that have
the possibility for governmental grants, tax rebates or deferments
as part of their criteria for acquisition. Please visit the
company's website at http://www.beaconredevelopment.com/ for all
the latest information and updates. This press release contains
certain forward-looking statements. 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.
Contact: Adam Marek 724-871-7458 DATASOURCE: Beacon Redevelopment
Industrial Corporation CONTACT: Adam Marek of Beacon Redevelopment
Industrial Corporation, +1-724-871-7458, Web site:
http://www.beaconredevelopment.com/
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