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To: Gator who wrote (29637)	7/27/1998 5:37:00 PM
From: MoneyMade	Respond to of 34592

BLHG NEWS! New Orders and an Adjustment to Projections for Joint Venture Business Wire - July 27, 1998 17:21 STAMFORD, Conn.--(BUSINESS WIRE)--July 27, 1998--Beacon Light Holding Corporation (OTC-BB: BLHG) announced today that the plastics factory owned and operated by the joint venture between the Company and Pinnacle International Trading (HK) has finalized three orders within the month of July, 1998. The first order is for Stlavina, U.S.A., a company that ordered packs of stick pens (3 pens/pack) valued at more than $57,000 USD. A portion of this order will ship during the first week of August and the balance in September. The second order for the factory is for the manufacture of storage containers for the Heng Fat Company of Hong Kong. This order will be shipped in July. The factory has also finalized an order for Lui Lui Clamps valued at $45,000 USD. This order is being produced for a company in Taiwan. This order should be shipped within 30 days. According to Meng Tian, the plastics factory Plant Manager these orders should be repeated and that more business from these clients is likely. Additionally, Mr. Tian said that he is working on obtaining more orders for the factory. Beacon assumed control of the production facility in Hinhue, Guangdong, China on July 1, 1998, approximately three months behind schedule. Due to this fact, Management has found it necessary to adjust downward the initial sales projections contained in its press release of April 20, 1998. Management feels it is too early to evaluate the reduction in orders due to the loss of three months of production and the potential loss of orders that this delay may have caused. Management is currently evaluating all current orders to more accurately project future sales. In April 20th press release Beacon announced certain initial purchase orders based on information supplied by the managing partner of the joint venture, Pinnacle. These included orders from Southeastern Food Supplies, Indonesian W.L.S. International, Heritage Forest Products and National Boston Medical, Inc. The factory has not yet commenced production for these orders. The order for Indonesian W.L.S. International was for a promotional pen for a Malaysian governmental agency. There has been certain changes in the Malaysian government that have caused this order to be canceled. The orders for Heritage Forest Products, National Boston Medical, Inc., and Southeastern Food Supplies are still in negotiation with regard to final pricing and shipment due dates, etc., as more information on these orders becomes available the Company will release it in a timely manner. 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 fact may be deemed to be forward-looking statements. Without limiting the forgoing, the words "believes," "anticipates," "plans," "expects" 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 203.921.0310 or go to www.blhg.com CONTACT: Jerry Gruenbaum, President gruenbaum@blhg.com 203.921.0310 Fax: 203.921.0361