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To: Pendretti who wrote (3945)	1/5/2000 4:34:00 PM
From: Beacon Light Holding	Read Replies (2) \| Respond to of 4080

You are right; it has been a long time since we have been shouting that we will file with the SEC soon. Here is the update on the situation about our progress. The big delay in filing the Form-10 with the SEC, is the completion of the company audit. It is the lack of the company's audit that caused us to be no longer listed on the bulletin board. We have spoke ro the auditors yesterday, and absent new undiscovered issues, I think the auditors are ready to complete the audit. With that audit we will file the Form-10 with the SEC. The delay in completing the audit is not entirely the fault of the auditors. They as much as you and I, want to see the audit completed as soon as possible. However, Beacon Light had some problems in prior years, which I will tell you about. It is important to understand that Beacon Light is a solid company and we are doing well. Our shares are traded daily, though on the pink sheets. We need to be and our objective is to be a reporting company to meet all our future objectives. We have good business plans for the future for further expansion backed by a solid management team both here and abroad. The company has turned itself around ever since it made the acquisitions of Wellux Industries and Click Ltd., and had Hans Lodders and Ronald Steenbergen join the management team. However, all this took place since May 1999. As you know, before May 1999, I was traveling on a monthly basis to get Beacon Light's business going in China. It is through these trips and negotiations with Fukman Yip who was on the board of directors at the time, that we made the Wellux and click acquisitions. It is also through these trips that we met Hans Lodders and Ronald Steenbergen and established our working relations. However in doing so, we left others whom we trusted, and had reason to trust, to mind the store. In doing so, it appeared that some shares of Beacon Light were issued improperly, without paying for them and then resold on the open market. Some shares were either issued by the transfer agent without proper authorization from the company's board of directors or were not properly paid for to the company. Beacon Light is not formerly being investigated, because a company does not issue improper shares, people do. The proper authorities are investigating those who are responsible. I can however inform you that no one in management of Beacon Light or for that matter no one from within Beacon Light was ever involved. By management, I am including Hans Lodders, Ronald Steenbergen, the prior directors, Fukman Yip and Maureen Bell or myself. The importance of all this other than the obvious is that the auditors need to account for the equity section of the balance sheet for Beacon Light. They need to account for all the shares issues by Beacon Light including price. From all indications from the auditors, I think as of yesterday, Beacon Light has finally accomplished in doing that. Being able to track this information out took the auditors and myself a significant amount of time, frankly from June until yesterday. Our audit will disclose fully, as they are required to do, everything regarding Beacon Light's shares. From you the shareholders point of view, the good news is that there are fewer shares in the market today then there was back at the end of our fiscal year on June 30, 1999. That is because we were able to cancel many of these improperly issued shares. There is still however over a million shares we are still trying to get back. These shares are located in Vancouver, Canada but the shareholder is here in the U.S. We will probably need to sue him. I have tried every other mean to date. There is also over two million shares that are in the general public that Beacon Light will never get back. What it means is that Beacon Light lost the opportunity to get needed money for those shares. The shares themselves however, issued by Beacon Light through the transfer agent and are in the hands of current innocent shareholders are perfectly legal and tradeable. From you the shareholders point of view, it also means we are leaner and ready to go on with our business including bringing you added shareholder value. To clarify that from a numerical point of view, there were a total of around 29.5 million common shares of Beacon Light outstanding at the end of our fiscal year on June 30, 1999 including 15.65 million shares free trading and 13.85 million restricted shares. Today, so far, after canceling some of these shares, there are less than 16 million shares of Beacon Light outstanding including 11 million shares free trading and 5.9 million restricted shares. I hope this gives you a better understanding of where we were, where we are, and where we want to be in the near future. If you have any questions, you may call us direct at (860) 249-7008, fax us your questions at (860) 249-7001 or e-mail us at blhcorp@aol.com.