Beacon Redevelopment Industrial Corporation (BCND)

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The Company now has a new investor group that will attempt to revitalize the project for 2015. We hope that officials of the Township will work with us, not against us, in moving forward with this project that will benefit the Company and its shareholders. The Company is unwilling to do a “straight demolition” which entails simply knocking down the building and throwing away the antique brick for several reasons. First, this would not profitable for us. Second, no investors would commit capital into a project that would not receive revenues. Third, throwing away valuable brick would be harmful to the environment and a waste of resources. Fourth, engaging in a program to recycle the materials, although time consuming, is not a difficult task. The bricks number in the millions and are not something that should be squandered or abandoned. The Company believes that once Township Officials understand our motivations and the value of recycling the brick, they will proceed more reasonably with the enterprise rather than spending time on wasteful litigation."