XIN HUI, China--(BUSINESS WIRE)--May 20, 1998--The Chairman of Beacon
Light Holding Corporation (NASDAQ OTC BB "BLHG") Jerry Gruenbaum,
announced today that the financing is in place for the Company to move forward with
the closing of its Joint Venture with Xin Hui Orient Light Company, a company owned
by the Chinese Government . The closing of the Joint Venture with this Chinese
Government owned company has been scheduled for Friday, the 22nd of May, 1998.
This previously announced Joint Venture between Beacon Light, (BLHG), (the
managing partner of the Joint Venture), Pinnacle International Corporation and Xin Hui
Orient Light Corporation will allow the Company to operate a plastic injection molding
factory in the Guang Dong province of the Peoples Republic of China. The factory is
currently operational and is producing plastic products. The joint venture partner
managing the business of the factory, Pinnacle, has secured potential clients for the
factory including those in the Food Supply industry, Governmental parties of various
countries, the Forest Products industry and the Medical industry. With this closing,
Beacon hopes to fulfill the purchase orders which were discussed in prior press
releases.
Mr. Gruenbaum and the representatives of Pinnacle are expected to stay in China to
attend the closing with various governmental officials, including the Governor of the
province.
Additional information, including previous press releases, on Beacon Light can be found
on the Internet at www.wallstreetdaily.com
CONTACT: Jerry Gruenbaum, President
Beacon Light Holding Corporation
860/647-4855
Fax: 860/647-4820 |
