Beacon Redevelopment Industrial Corporation Put Out for Bids on the Logging Rights on Its West Virginia Properties

This action is being taken by the company to fast track the clearing of the land in preparation for development, along with generating additional revenues to help off set the cost of the land. The property is ten miles from interstate 79, right off US 119/33 and has easy access to all major highways.

Beacon is intent on clearing its two properties (Westmoreland Glass Factory & The West Virginia Acreage) as quick as possible so that development can start as soon as the architects complete their plans and all zoning approvals and permits can be obtained.

"We believe that it is in the best interest of the company to utilize its strategy of selling off via bid these rights (Salvageable Materials and Timber Rights) as it will result in a nice windfall of cash to the company and will eliminate the cost of us having to deal with it," said Adam Marek, President.

Mr. Marek also stated, "It is the intent to get these developments approved by local governments and underway as soon as possible as it will reduce the carrying costs to the company and will result in a greater profit margin to the overall projects."

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.

SOURCE Beacon Redevelopment Industrial Corporation

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Copyright © 2008, NewsBlaze, Daily News

Tags: ,RLT,OTC,RLE,PA-Beacon-Bids

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