NORTH HUNTINGDON, Pa., Oct 29 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (Pink Sheets: BCND) announced that it has formed a wholly owned subsidiary (Beacon Energy Corporation) to manage and operate its natural gas assets. Beacons Management has taken this action to segregate its energy holdings from its real estate holdings so that it may accelerate growth in both its real estate and energy subsidiaries. This action will not negatively affect the shareholders or the company's ownership of any of its assets. The new subsidiary will include all of the natural gas reserves/operating wells on its Westmoreland Glass Factory Site along with significant natural gas reserves on its West Virginia properties and will seek to expand these reserves with further property acquisitions thus creating an continuous revenue stream for the company's energy subsidiary. "We intend to build a portfolio of quality real estate holdings along with energy producing properties, we currently are in negotiations for two additional properties that are energy related in West Virginia to add to our current holdings there. In the coming weeks we will also be interviewing executives experienced within the energy industry to manage the new Beacon Energy subsidiary," said Adam Marek President & CEO Beacon Redevelopment Industrial Corporation. 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, energy resources or mineral rights 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 for Beacon Redevelopment Industrial Corporation, +1-908-400-3760, Web site: http://www.beaconredevelopment.com/

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