Beacon Redevelopment Industrial Corporation Forms Wholly Owned Energy Subsidiary to Operate its Natural Gas Properties
2008年10月29日 - 10:12PM
PRニュース・ワイアー (英語)
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/
Copyright