Beacon Redevelopment Industrial Corporation (BCND)

[Chili Palmer]

Beacon Redevelopment Industrial Corporation Announces Winning Bid

NORTH HUNTINGDON, Pa., Sept. 25 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (OTC:BCND) (BULLETIN BOARD: BCND) today announced that it has agreed to sell the salvage rights to Renaissance Renovations and Development for $6,350,000.

This price encompasses any and all salvageable materials on the property and it will be the sole responsibility of Renaissance to demolish and remove all materials from the property at their sole expense. The agreement does not include any of the natural gas rights on the property nor does it include the property.

"I am very pleased that this aspect of the redevelopment of the property is now behind us. We will now set our sights on developing the property," said Adam Marek, President & CEO.

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 http://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.

DATASOURCE: Beacon Redevelopment Industrial Corporation


CONTACT: Adam Marek of Beacon Redevelopment Industrial Corporation,

[phone],


Web site: http://www.beaconredevelopment.com/