Press Release Source: Beacon Redevelopment Industrial Corporation
Beacon Redevelopment Industrial Corporation Announces Winning Bid
Thursday September 25, 12:09 am ET
NORTH HUNTINGDON, Pa., Sept. 25 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (OTC Bulletin Board: BCND - News) today announced that it has agreed to sell the salvage rights to Renaissance Renovations and Development for $6,350,000.
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This price encompasses any and all salvageable materials on the property and it will be the sole responsibility of Renaissance to demolish and remove all materials from the property at their sole expense. The agreement does not include any of the natural gas rights on the property nor does it include the property.
"I am very pleased that this aspect of the redevelopment of the property is now behind us. We will now set our sights on developing the property," said Adam Marek, President & CEO.
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 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 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.
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Source: Beacon Redevelopment Industrial Corporation
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Press Release Source: Beacon Redevelopment Industrial Corporation
Beacon Redevelopment Industrial Corporation Responds to Shareholders Inquiries
Thursday September 25, 8:12 pm ET
NORTH HUNTINGDON, Pa., Sept. 25 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (OTC Bulletin Board: BCND - News) responds to several shareholder inquiries.
The company acknowledges that the company that purchased the rights to salvage The Westmoreland Glass Factory is Renaissance Renovations and Development LLC a Nevada chartered company with offices nationally and in Pittsburgh.
Renaissance Renovations and Development LLC consist of a consortium of developers and high net worth investors, specializing in low to medium risk real estate investments with the potential for high yield returns.
"We are very pleased and excited about this investment, as it is our belief that our consortium will realize a minimum of a one hundred percent profit, I would like to take this opportunity to Thank Mr. Adam Marek for providing all due diligence on time as we requested, our group would have no problem dealing with Adam on other deals, as we think he is a sharp businessman and has a keen eye on acquiring undervalued properties with multiple resources," said Halina Chmielewska, Managing Director of Renaissance Renovations and Development LLC
"I am very humbled by Halina Chmielewska's statements, regardless at the end of the day we are in business, does it hurt that they may make a one hundred percent profit on property that we had, yes regardless we move on and reap the rewards," said Adam Marek, President & CEO of 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 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 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.
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Source: Beacon Redevelopment Industrial Corporation |
