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Beacon Redevelopment Industrial Corporation Agrees to Acquire an Additional 134.5 Acre Tract of Land in West Virginia

2008-08-11 11:23:00

Beacon Redevelopment Industrial Corporation Agrees to Acquire an Additional 134.5 Acre Tract of Land in West Virginia

    NORTH HUNTINGDON, Pa., Aug. 11 /EMWNews/ -- Beacon

Redevelopment Industrial Corporation (OTC: BCND) today announced it has

agreed to acquire an additional 134.5 acre tract of land in Lewis County,

West Virginia that adjoins its previously announced acquisition of 125

acres at the same location.

    This additional acquisition will bring the company's holdings to a

total of 259.5 acres of land in the area, including natural gas rights (of

which wells are currently operating) along with vast timber/logging rights,

the company as always will take advantage of favorable financing terms that

were offered and with more than one profit center. The new properties are

located in the same area as the previously announced acquisition about ten

miles from interstate 79 and are right off US 119/33 and have easy access

to all major highways.

    Beacon Redevelopment has agreed (on this acquisition) not to disclose

the terms and price of the acquisition, this request has come from the

seller and was a major factor in the negotiations and included in the


    "The company and I are very pleased to have been able to acquire these

additional parcels as they fit right into our business plan of acquiring

properties in this location that offer more then one area of revenue," said

Adam Marek, President.

    Mr. Marek also stated "It is the intent of the company to acquire land

with additional resources (assets that could be sold) that will enable the

company to pay for the land free and clear and then the company will

develop said property with huge profit margins, to this point I believe we

are on the right track."

    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 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.

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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