Beacon Redevelopment Industrial Corporation Put Out for Bids on the Logging Rights on Its West Virginia Properties
2008年8月21日 - 10:03PM
PRニュース・ワイアー (英語)
NORTH HUNTINGDON, Pa., Aug. 21 /PRNewswire-FirstCall/ -- Beacon
Redevelopment Industrial Corporation (OTC:BCND) announced that it
will start taking bids to sell the logging rights to its 259.5
acres of recently acquired tract of land in Lewis County, West
Virginia. This action is being taken by the company to fast track
the clearing of the land in preparation for development, along with
generating additional revenues to help off set the cost of the
land. The property is ten miles from interstate 79, right off US
119/33 and has easy access to all major highways. Beacon is intent
on clearing its two properties (Westmoreland Glass Factory &
The West Virginia Acreage) as quick as possible so that development
can start as soon as the architects complete their plans and all
zoning approvals and permits can be obtained. "We believe that it
is in the best interest of the company to utilize its strategy of
selling off via bid these rights (Salvageable Materials and Timber
Rights) as it will result in a nice windfall of cash to the company
and will eliminate the cost of us having to deal with it," said
Adam Marek, President. Mr. Marek also stated, "It is the intent to
get these developments approved by local governments and underway
as soon as possible as it will reduce the carrying costs to the
company and will result in a greater profit margin to the overall
projects." 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 for
mentioned, 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. 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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