Beacon Redevelopment Industrial Corporation (BCND)

[Built2Trade]

NORTH HUNTINGDON, Pa., Sept. 2 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation today announced that they have received an overwhelming amount of bids for the salvage of its Westmoreland Glass Factory.

The company has reviewed all of the bids, and is over whelmed with the interest in this project. To this point the current bids have significantly exceeded any unsolicited private offers including the previously announced offer of $5,500,000 dollars.

"I have received requests from some major firms asking for a bid extension, and at first I said no. Then I thought about it. You know what, if they pay the company more money, it's in the best interest of the company and its shareholders. Then I agreed to a ten day bid extension," said Adam Marek President & CEO.

Mr. Marek also stated, "I would like to conclude this bidding process, however if more revenues can be extracted, that is what I will do. It is in the best interest of the company and its shareholders."

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.

Beacon Redevelopment Industrial Corporation



CONTACT: Adam Marek of Beacon Redevelopment Industrial Corporation,

[phone], [e-mail]