To: KonKilo who wrote (4419 ) 6/15/1998 10:46:00 AM From: STOK2 Read Replies (1) | Respond to of 8798
BLHG--News BLHG--News [ Follow Ups ] [ Post Followup ] [ CyberWhispers ] Posted by STOK2 on June 15, 1998 at 07:34:05: PRESS RELEASE Beacon Light Holding Corporation 2 Stamford Landing, Suite 100 Stamford, Connecticut 06902 -7649 FOR MORE INFORMATION CONTACT: Jerry Gruenbaum, President Beacon Light Holding Corporation 203.921.0310 Fax: 203.921.0361 FOR IMMEDIATE RELEASE Beacon Light Holding Corporation Announces Initial Purchase Order Stamford, Connecticut, June 15, 1998 - Beacon Light Holding Corporation (OTC: BB BLHG) jointly, along with Pinnacle International, it's minority partner, in the Beacon Light/XIN HUI Plastics factory, announced today, that it has received an initial purchase order for plastic take- out food containers from Southeastern Foods. Southeastern Foods is a restaurant supply wholesaler operating in Florida and southern Georgia. The initial order will be for two shipping containers per month with a dollar value of $25,000 per shipping container, or $600,000 annually. Pinnacle International, Beacon Lights minority partner, announced through its chairman, Winchell Woo that this order represents a very small percentage of this market, nationally. Mr. Woo expects to be able to obtain additional orders from distributors similar to Southeastern Foods throughout the U.S., and is currently negotiating with several distributors for additional orders. Production will be increased to accommodate the very large market for take-out food containers. Further, Beacon Light announced that Chairman Jerry Gruenbaum has scheduled a trip to China to finalize the agreement for Beacon's second acquisition, 51% of Shantou S.E.Z. Crescendos Electronic Co., Ltd. a manufacturer of computer monitors in Shantou, China. Currently, Shantou S.E.Z. has $22,000,000 in sales annually. Representatives of the Company's Investment Banker, Lloyd Wade Securities of Dallas, Texas, will accompany Mr. Gruenbaum to China. Follow Ups: Post a Followup Name: E-Mail: Subject: Comments: Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ CyberWhispers ]