Investment Banking Agreement Signed
( Business Wire )
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( BW)(BEACON-LIGHT-HOLDING)(BLHG) Investment Banking Agreement Signed
Business Editors
JERSEY CITY, N.J.--(BUSINESS WIRE)--April 24,1998--The Chairman
of Beacon Light Holding Corporation (NASDAQ OTC BB "BLHG") Jerry
Gruenbaum announced today that BLHG has retained Lloyd Wade
Securities, Inc., of Dallas, Texas as Investment Bankers. LWS has been
retained to explore potential Mergers and Acquisitions of new products
and companies. Jerry Gruenbaum went on to say that LWS will also
assist with the financing for the recently announced initial purchase
orders, for the XinHui Beacon Plastics Joint Venture, valued at nearly
$50,000,000 for the first year of operation.
LWS based in Dallas, Texas is a full service brokerage firm
providing Retail, Research, and investment Banking Services. LWS
maintains 10 offices nationwide that are currently staffed by over 150
retail brokers.
Additional information, including previous press releases, on
Beacon Light can be found on the Internet at www.wallstreetdaily.com
--30--jlt/ny*
CONTACT: Beacon Light Holding Corporation
Jerry Gruenbaum, Chairman of the Board
860.647.4855
Fax: 860.647.4820
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: BANKING
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