Beacon Redevelopment Industrial Corporation Announces Winning Bid
2008年9月25日 - 1:09PM
PRニュース・ワイアー (英語)
NORTH HUNTINGDON, Pa., Sept. 25 /PRNewswire-FirstCall/ -- Beacon
Redevelopment Industrial Corporation (OTC:BCND) (BULLETIN BOARD:
BCND) today announced that it has agreed to sell the salvage rights
to Renaissance Renovations and Development for $6,350,000. This
price encompasses any and all salvageable materials on the property
and it will be the sole responsibility of Renaissance to demolish
and remove all materials from the property at their sole expense.
The agreement does not include any of the natural gas rights on the
property nor does it include the property. "I am very pleased that
this aspect of the redevelopment of the property is now behind us.
We will now set our sights on developing the property," said Adam
Marek, President & CEO. 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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