Wednesday August 1, 2001
Press Release
SOURCE: Beacon Light Holding Corporation, Inc.
Beacon Light Holding Corporation Changes Its Name to Wellux International Inc.
HONG KONG, Aug 1, 2001 /PRNewswire via COMTEX/ -- As previously announced on June 26th, the company is focusing its business development towards the $56 billion dollar adult entertainment market, and the Board of Directors has therefore changed the name of the corporation to "Wellux International Inc.". This is to better reflect the holding company's relationship with its operating companies, Wellux Erotica Hong Kong, Wellux B.V. Netherlands and the planned future growth this year of Wellux USA.
The name change was approved by a shareholders' quorum during a meeting held on 9th July. The new name is filed with the authorities in Nevada, USA and the procedure to apply for our new trading symbol has been initiated. The new trading symbol will be announced soon. Meanwhile the company is preparing for its filing to become a fully-reporting company in accordance with the rules as set by the United States Securities and Exchange Commission.
Wellux International Inc. builds and grows businesses under the Wellux aegis, all of which return consistently high profits, by serving mature clients on a global basis with:
Adult Products
We service an increasing US$56 billion worldwide market for adult products and services which we offer in wide ranges and variations, all within relevant legal and ethical boundaries. These items allow consumers to satisfy their personal, private, and sensual desires both discreetly and safely.
Household Goods and Consumer Durables
We source and supply quality products, including cutlery items, which are manufactured in Asia at efficient volumes, suitable for the middle segment of our clients' markets, with optimal product distribution synergy.
Wellux International Inc. is committed to attracting and retaining professional management and staff, with the goals of continuing and expanding our core businesses and, in turn, increasing shareholder value.
Some of the statements contained in this press release discuss future expectations, projections of sales, results of operations, financial conditions or licensee production or state other "forward-looking" information (as defined in Section 21E of the Securities Exchange Act of 1934). Such information can be identified by the use of "may," "will," "should," "expect," "anticipate," "estimate," "continue," or other similar words. These statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated by the statements. When considering such forward-looking statements, the reader should keep in mind these risk factors and their possible implications.
The company believes that the information contained in its press release was accurate as of its date of publication. The company disclaims any obligation to update information it has released. Certain pages of this release may appear on a website which contains links or frames to sites operated by third parties. The company assumes no responsibility for the accuracy or completeness of information on such third party sites.
For free information on Wellux International Inc., you may visit websites at: www.BeaconLightHoldings.com or www.XcelAssociates.com.
SOURCE Wellux International Inc.
CONTACT: Mr. Christopher Hoare of Wellux International Inc.,
+852-2348-0009, or chris@whoopersnetwork.com
Web Site: www.XcelAssociates.com
www.BeaconLightHoldings.com
xcelassociates.com |
