Beacon Light Announces Strong Additions to Board of Directors
( Business Wire )
--------------------------------------------------------------------------------
( BW)(NJ-BEACON-LIGHT-HOLDING)(BLHG) Beacon Light Announces Strong
Additions to Board of Directors
Business Editors
JERSEY CITY, N.J.--(BUSINESS WIRE)--May 20, 1999--Jerry
Gruenbaum, President of Beacon Light Holding Corporation (OTC BB:
BLHG) announced today that the company has attracted two highly
experienced additions to its Board of Directors. BLHG has historically
been focused on acquiring or merging with businesses operating in
mainland China, predominantly in the plastics manufacturing area. The
new Board Members have a well-established history in the Far East,
Europe and the manufacturing industry.
Mr. Hans Lodders has joined BLHG as the Chairman of the Board and
the Director of Far East Operations. Mr. Lodders has recently served
as the Managing Director of AGFA Hong Kong Ltd., which during his
tenure achieved sales of approximately four billion dollars for AGFA
while serving the Hong Kong, China, Taiwan, Philippines, Vietnam and
Cambodia markets. Having been with AGFA since 1977, Mr. Lodders
recently retired to head the aggressive acquisition campaign for BLHG.
Additionally, Mr. Lodders was knighted by the King of Belgium.
Mr. Ronald Steenbergen has also joined the Board of Directors
allowing BLHG to benefit from his 20 years of experience in
manufacturing and marketing of high end specialized plastic products.
Additionally, Mr. Steenbergen is the managing director of Klick, LTD.
a Hong Kong-based company that markets consumer oriented plastic
products throughout Europe. BLHG has enjoyed an ongoing relationship
with Klick that management believes may be enhanced by Mr.
Steenbergen's appointment.
Messrs. Steenbergen and Lodders have, through their well
established global network, pinpointed several potential acquisition
targets that may become part of BLHG's holdings in the very near
future.
Mr. Gruenbaum also stated that BLHG has regretfully accepted the
resignations of Fukman Yip and Maureen Bell from their duties and
appointments to positions with the Company and it's Board.
Safe Harbor Disclosure
This Press Release contains or incorporates by reference
"forward-looking statements," including certain information with
respect to plans and strategies of Beacon Light Holding Corporation.
For this purpose, any statements contained herein or incorporated
herein by reference that are not statements of historical facts may be
deemed to be forward-looking statements. Without limiting the
forgoing, the words "believes," "anticipates," "plans," "expects,"
"enhanced" and similar expressions are intended to identify
forward-looking statements. There are a number of important factors
that could cause actual events or actual results of Beacon to differ
materially from these indicated by such forward-looking statements.
For further information about Beacon Light, please contact Jerry
Gruenbaum at 201/876-5077
--30--flb/ny*
CONTACT: Beacon Light Holding Corporation, Jersey City
Jerry Gruenbaum, President
Phone: 201/876-5077
blhcorp@aol.com
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANAGEMENT CHANGES
|
