NEW YORK, NY--(Marketwire - April 24, 2012) - Beacon Redevelopment Industrial Corporation (
New management reviewed all aspects of the Company and realized first and foremost that previous management has not filed all of the required reports and shareholder information. In an effort to be transparent, the first action of new management will be to update its status on www.otcmarkets.com with current information.
The second step will be to bring all other administrative filings and information current.
About Beacon Redevelopment Industrial Corporation:
Beacon controls projects in Pennsylvania and West Virginia that not only includes real estate but also recyclable material, natural gas rights, logging rights, shale mining rights, nearly 1,000 acres of coal rights, and redevelopment rights that include use of property for a prospective resort and wilderness lodge. The company may consider cording off a section of their West Virginia property for a hunting lodge.
Beacon is a publicly traded company with 322,000,000 authorized shares broken down as follows: 5,000,000 preferred shares, 198,583,000 common shares consisting of 175,914,911 free trading shares and 22,668,089 restricted shares.
This press release does not constitute an offer of securities for sale. This contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause actual results to differ. All 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 the statements to reflect events or circumstances occurring after the date of this press release.