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6:13 AM
Holy Crap!!!
I may not be the sharpest knife in the drawer, but it appears to me that somebody has struck a nerve....
I wonder if this is a case of 'spreading frosting on dogsh*t and selling it as a cupcake'
4:48 AM
InvestSource, Inc.: Exceptional Amount of Bids Received by Beacon Redevelopment Industrial Corporation
Sep 03, 2008 (M2 PRESSWIRE via COMTEX) -- Stocks in the news: Beacon Redevelopment Industrial Corporation (OTC: BCND), Wilshire Enterprises, Inc. (Amex: WOC), AvalonBay Communities, Inc. (NYSE:AVB), CMG Holdings, Inc. (OTCBB: CMGO)
September 2, 2008 - Beacon Redevelopment Industrial Corporation (OTC: BCND) 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."
4:46 AM
Beacon Redevelopment Industrial Corporation Put Out for Bids on the Logging Rights on Its West Virginia Properties
NORTH HUNTINGDON, Pa., Aug 21, 2008 /PRNewswire-FirstCall via COMTEX/ -- Beacon Redevelopment Industrial Corporation (OTC: BCND) announced that it will start taking bids to sell the logging rights to its 259.5 acres of recently acquired tract of land in Lewis County, West Virginia.
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 Beacon Redevelopment Industrial Corporation 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
4:44 AM
Beacon Redevelopment Retains Expert Geologist to Evaluate the Company's Natural Gas Holdings and Prospects Going Forward on its Properties
NORTH HUNTINGDON, Pa., Aug 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- Beacon Redevelopment Industrial Corporation (Pink Sheets: BCND) has retained an expert geologist to evaluate the company's natural gas holdings on its properties.
The company believes that the natural gas holdings on its properties are significant and needs an expert opinion and evaluation to verify its belief, if the expert geologist agrees the company may explore a possible spin off of its natural gas holdings or an out right sale. The company has also directed the geologist to determine if any other minerals of value are present on said properties as the company retains all rights per its acquisition terms.
"We specialize and pride ourselves on acquiring property with more then just real estate value, we look to capitalize on every ounce of revenue from all possible sources on a property and with the last two acquisitions we believe there are many. If the geologist confirms our beliefs we then may spin off the natural gas properties/rights as an energy company with existing Beacon Shareholders receiving shares/participating or a special dividend in the spin off entity," said Mr. Adam Merek, President.
Mr. Marek also added, "We are here to make money for the company and its shareholders -- anything less would not be acceptable as that is management's obligation."
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 formentioned, 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 Beacon Redevelopment Industrial Corporation 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.
Contact: Adam Marek
724-871-7458
[email]adammarek@beaconredevelopment.com[/email]
SOURCE Beacon Redevelopment Industrial Corporation
URL: Beacon Redevelopment Industrial Corporation
PR Newswire - news distribution, targeting and monitoring
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
4:43 AM
Beacon Redevelopment Industrial Corporation Confirms No Need of Funding Through the Sale of its Equities
NORTH HUNTINGDON, Pa., Aug 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- Beacon Redevelopment Industrial Corporation (OTC: BCND) today announced it has received several inquiries from its shareholders regarding the sale of equities to fund the company's recent acquisitions and the company has elected to elaborate.
The company receives no less than three to four unsolicited offers a week to finance its operations (from major investors and investment bankers) with certain instruments such as convertible debentures, regulation 504 exemptions and other detrimental financing options, executive management always and continually will reject these unfavorable methods of financing for any and all of its financing needs.
The company will continue to rely on traditional methods of financing i.e. bank financing, owner financing or company funds, as it is the company's belief that if their acquisitions can not stand on their own merits and utilize traditional sources of financing in any market conditions, it is not a project that they should get involved with.
The company's recent three acquisitions (Westmoreland Glass factory and Multiple Parcels of land totaling 259.5 acres) have been funded through a combination of seller financing and cash investments by the company's principles. The investments by the company's principles are interest free and secured by restricted stock for two years.
"The company will not and never will under any circumstances submit to any type of death spiral financing; it is the intent of our company to build a viable and profitable company on the merits of its acquisitions/projects," said Mr. Adam Merek, President.
Mr. Marek also added that, "The principles are seasoned real estate investors/developers and builders, not stock salesman. When management took over this public company they reviewed the entire history and decided that we can increase shareholder value even though it was a calculated risk regarding the past management and its history. The principle's advisors recommended a reverse split and all of the principles agreed if we have to hurt the shareholders we have no interest and will never have that interest. The principles all agreed that regardless of past management we will deal with it and restore shareholder value with a real and viable business. We evaluated it and decided to go with it and chose a course of action. We feel good about where we are at this point and more importantly we have only begun to enhance shareholder value. To date we have at least regained a sustained bid and are bringing real assets and real hope of potential returns for shareholders investments, with much more to come."
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 Beacon Redevelopment Industrial Corporation 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
4:43 AM
Beacon Redevelopment Industrial Corporation Agrees to Acquire an Additional 134.5 Acre Tract of Land in West Virginia
NORTH HUNTINGDON, Pa., Aug 11, 2008 /PRNewswire-FirstCall via COMTEX/ -- 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 contract.
"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 Beacon Redevelopment Industrial Corporation 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
4:42 AM
Beacon Redevelopment Industrial Corporation to Accept Bids for the Salvage and Demolition of its Westmoreland PA Property
NORTH HUNTINGDON, Pa., Aug 06, 2008 /PRNewswire-FirstCall via COMTEX/ -- Beacon Redevelopment Industrial Corporation (OTC: BCND) today announced it will start accepting bids for the salvage and demolition of its Westmoreland PA property.
The bidding will be open for the last two weeks of this month with the job being awarded to the highest bidder. The company had previously rejected a 5.5 million dollar unsolicited salvage offer for its Westmoreland PA property.
The company believes that the salvageable value of the property/building(s) to be in the range of $15,000,000 to $18,000,000 dollars based upon Beacon's estimates that there are between 9 and 10 million recyclable Chicago bricks that have a wholesale value of 0.50 to 0.75 cents a piece. In addition, Beacon also estimates that there is at least 40,000 tons of recyclable steel with a value (at today's scrap steel prices of $250.00 to $300.00 per ton).
"We want to fast track the demolishing and redevelopment of the Westmoreland site as soon as possible; we also believe that the bidding process will give us the highest price possible for the salvageable materials at the site," said Adam Marek, President.
Mr. Marek also added, "We encourage all capable firms to join the bidding process by contacting our office at (724) 871-7458."
About The Property:
A group of investors built the factory in 1889, and the first glass from the factory was sold in 1890. Historical documents indicate that the factory was purchased because of the natural gas on the land. To this day, natural gas wells exist on the property. It also has rail access that can be utilized once a new complex is built.
Beacon PA recognizes the historical impact of the former Westmoreland Glass Company factory and is investigating the feasibility of creating a commemorative brick to collectors with a notarized certificate of authenticity. The Westmoreland Glass Company factory is a famous facility and its glass is the subject of two separate collector organizations. The Westmoreland Glass Society (Default PLESK Page) and the National Westmoreland Glass Collectors Club (National Westmoreland Glass Collectors Club - About Us) members monitor and collect Westmoreland Glass. Therefore, we believe that we should offer such a program to collectors.
About Beacon Redevelopment Industrial Corporation
Beacon specializes in acquiring undervalued deteriorating properties that offer the potential for above average return on investment. The properties must offer recyclable/salvageable materials along with the potential for redevelopment; the company also seeks along with the aforementioned properties the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition. Please visit the company's website at Beacon Redevelopment Industrial Corporation 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.
URL: Default PLESK Page
National Westmoreland Glass Collectors Club - About Us
Beacon Redevelopment Industrial Corporation
4:41 AM
Beacon Redevelopment Industrial Corporation Agrees to Acquire a 125 Acre Tract of Land in West Virginia
NORTH HUNTINGDON, Pa., Aug 05, 2008 /PRNewswire-FirstCall via COMTEX/ -- Beacon Redevelopment Industrial Corporation (OTC: BCND) today announced it has agreed to acquire a 125 acre tract of land in Lewis County, West Virginia.
The tract of land includes two parcels that include natural gas wells and vast timber; the company intends to capitalize on these assets as well as developing an industrial park or another commercial project on the properties. The properties are located about ten miles from interstate 79 and are right off US 119/33 and have easy access to all major highways.
Beacon Redevelopment in keeping with its business model (multiple assets with development ability at distressed prices) will pay approximately $5,500.00 dollars per acre, the company estimates that the current value in today's real estate market at $8,500.00 to $9,000.00 per acre. The company has received very favorable financing terms and conditions for this acquisition and expects a better then average return on this investment.
"We are very pleased to have been able to acquire these two pieces of land at the price that our representatives negotiated. We will continue to locate and acquire properties that have more then one profit center at very below or distressed market prices," said Adam Marek, President.
Mr. Marek also added "That he would like to thank the attorney's, engineer's, appraisers and company representatives that worked so very diligently to bring this deal to fruition."
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 Beacon Redevelopment Industrial Corporation 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
URL: Beacon Redevelopment Industrial Corporation
PR Newswire - news distribution, targeting and monitoring
Copyright (C) 2008 PR Newswire. All rights reserved
4:41 AM
Beacon Redevelopment Industrial Corporation Rejects an Unsolicited 5.5 Million Dollar Salvage Offer From a Salvage Contractor
NORTH HUNTINGDON, Pa., July 24, 2008 /PRNewswire-FirstCall via COMTEX/ -- Beacon Redevelopment Industrial Corporation (OTC: BCND) today announced it has rejected a 5.5 million dollar unsolicited salvage offer for its Westmoreland PA property. Instead, the company will put the demolition/recyclable contract out for bid.
The company believes that the salvageable value of the property to be in the range of $15,000,000 to $18,000,000 million dollars and anything less than that is unacceptable.
"I have the fullest desire to demolish and redevelop the Westmoreland site; however I will not compromise the value of the property or its redevelopment value for a quick gain. The dismantling and salvage sale will be done in the best interest of the shareholders and the company," said Adam Marek, President.
Beacon estimates that there is between 9 and 10 million recyclable Chicago bricks that have a wholesale value of 0.50 to 0.75 cents a piece. In addition, Beacon also estimates that there is at least 40,000 tons of recyclable steel with a value (at today's scrap steel prices of $250.00 to $300.00 per ton).
About The Property:
A group of investors built the factory in 1889, and the first glass from the factory was sold in 1890. Historical documents indicate that the factory was purchased because of the natural gas on the land. To this day, natural gas wells exist on the property. It also has rail access that can be utilized once a new complex is built.
Beacon PA recognizes the historical impact of the former Westmoreland Glass Company factory and is investigating the feasibility of creating a commemorative brick to collectors with a notarized certificate of authenticity. The Westmoreland Glass Company factory is a famous facility and its glass is the subject of two separate collector organizations. The Westmoreland Glass Society (Default PLESK Page) and the National Westmoreland Glass Collectors Club (National Westmoreland Glass Collectors Club - About Us) members monitor and collect Westmoreland Glass. Therefore, we believe that we should offer such a program to collectors.
About Beacon Redevelopment Industrial Corporation
Beacon specializes in acquiring undervalued deteriorating properties that offer the potential for above average return on investment, the properties must offer recyclable/salvageable materials along with the potential for redevelopment; 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 Beacon Redevelopment Industrial Corporation 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
URL: Default PLESK Page
National Westmoreland Glass Collectors Club - About Us
Beacon Redevelopment Industrial Corporation
PR Newswire - news distribution, targeting and monitoring
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
4:40 AM
Historic glass factory in Grapveille bought
Jul 18, 2008 (Tribune-Review - McClatchy-Tribune Information Services via COMTEX) -- The former Westmoreland Glass Co. complex, an arson-plagued eyesore in the Hempfield village of Grapeville, has been sold to a new holding company that intends to salvage the remaining steel and bricks to help pay for a potential redevelopment project, according to the company's president.
The sale of the historic milk glass factory, which closed in 1984, was announced last week on the Web site for North Huntingdon-based Beacon Redevelopment Industrial Corp., but the deed hasn't been filed yet with Westmoreland County. Beacon's subsidiary, Beacon Pennsylvania Holdings, was formed to manage the property.
Hempfield officials say they are optimistic a sale could lead to the long-desired demolition of the building, which has been a frequent target of arsonists and a hang-out for youths and vagrants.
Adam Marek, Beacon's president and chief operating officer, said Thursday the site could be converted into an industrial park, medical facility or alternative energy plant after the building's demolition.
"We're going to be working closely with (township officials)," he said. "I'm sure they'd like to see something productive for the area."
He estimates the structure has between 9 million and 10 million recyclable Chicago bricks with a wholesale value of 50 to 75 cents, and at least 40,000 tons of recyclable steel with a value of $250 to $300 per ton.
The salvaging process likely will last eight months to a year, Marek said.
"It's a huge factory, and it's definitely going to take time to bring it down," he said.
At one point in the late 1990s, Hempfield supervisors said they had budgeted some money to cover the building's demolition.
However, township Manager Rob Ritson said legal wrangling has prevented the township from doing much with the site, and Hempfield's annual set-asides for demolition projects could not cover the cost for the factory.
The Grapeville Volunteer Fire Department has responded to numerous fire calls at the building in the past two decades, including a February 2006 fire in which nearly 30 fire companies fought to control flames shooting an estimated 100 feet in the air.
"It's just time it disappears," Grapeville Chief Dan Nescot said.
Township Supervisor Doug Weimer said he's pleased to learn about an effort to remove a safety hazard and possibly allow the land to be redeveloped.
"With what I know now, it certainly looks like a positive project, and something that will make that area of the township more attractive," he said.
Westmoreland Warehouse & Industrial Building Inc. bought the 138,000-square-foot complex for $75,000 in 1986. Company officers could not be reached for comment yesterday.
Marek did not disclose the purchase price.
To see more of the Tribune-Review or to subscribe to the newspaper, go to
Tribune-Review Newspaper - Tribune-Review. Copyright (c) 2008, Tribune-Review,
Greensburg, Pa. Distributed by McClatchy-Tribune Information Services. For reprints,
email [email]tmsreprints@permissionsgroup.com[/email], call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite
303, Glenview, IL 60025, USA.
Chris Foreman
Copyright (C) 2008 Tribune-Review, Greensburg, Pa.
-0-
4:39 AM
Beacon Redevelopment Industrial Corporation/FKA Intelective Communications, Inc. Reduces its Authorized Shares
NORTH HUNTINGDON, Pa., June 11, 2008 /PRNewswire-FirstCall via COMTEX/ -- Beacon Redevelopment Industrial Corporation/FKA Intelective Communications, Inc. (OTC: ITLV), announced today that it has executed a reduction of its authorized shares.
Beacon has already filed the required corporate resolutions with the Secretary of State of Delaware to reduce its authorized shares from 5 Billion to 3 Billion and they have been approved and filed.
The company has also filed the required resolutions with NASDAQ to initiate the Name and Symbol change as soon as possible.
"I will continue to look for the most beneficial way to reduce the company's share structure without compromising shareholder value and without any reverse split. The company has many lucrative projects on the drawing board and I expect to cash in on them in the very near future, thus creating value for the company and its shareholders," said Adam Marek, president & COO
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
PR Newswire - news distribution, targeting and monitoring
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
4:38 AM
Beacon Redevelopment Industrial Corporation Announces First Acquisition and Forms Subsidiary
NORTH HUNTINGDON, Pa., July 10, 2008 /PRNewswire-FirstCall via COMTEX/ -- Beacon Redevelopment Industrial Corporation (OTC: BCND) today announced its first acquisition, while forming a wholly owned subsidiary Beacon Pennsylvania Holdings, Inc.
Beacon Pennsylvania Holdings, Inc. a wholly owned subsidiary of Beacon Redevelopment Industrial Corporation has been formed to manage the company's Pennsylvania Investments and Properties.
"Beacon PA" has agreed to acquire the former Westmoreland Glass Company Factory in Grapeville, PA Westmoreland Brick Site .
Beacon estimates that there is between 9 and 10 million recyclable Chicago bricks that have a wholesale value of 0.50 to 0.75 cents a piece, in addition Beacon also estimates that there is at least 40,000 tons of recyclable steel with a value (at today's scrap steel prices of $250.00 to $300.00 per ton).
The company will also move to redevelop the property as an industrial park with rail access, for small to mid-sized company's.
"We are very pleased to have been able to acquire this historic property, the potential return on our investment exceeds all of our prior estimates, including salvageable materials to redevelopment and other revenue producing aspects of the property," said Adam Marek, president & COO.
Mr. Marek also stated, "This is but one of many such projects that the company has under negotiations/contract and we are looking forward to a very bright and prosperous future."
About The Property:
A group of investors built the factory in 1889, and the first glass from the factory was sold in 1890. Historical documents indicate that the factory was purchased because of the natural gas on the land. To this day, natural gas wells exist on the property. It also has rail access that can be utilized once a new complex is built.
Beacon PA recognizes the historical impact of the former Westmoreland Glass Company factory and is investigating the feasibility of creating a commemorative brick to collectors with a notarized certificate of authenticity. The Westmoreland Glass Company factory is a famous facility and its glass is the subject of two separate collector organizations. The Westmoreland Glass Society (Default PLESK Page) and the National Westmoreland Glass Collectors Club (National Westmoreland Glass Collectors Club - About Us) members monitor and collect Westmoreland Glass. Therefore, we believe that we should offer such a program to collectors.
About Beacon Redevelopment Industrial Corporation
Beacon specializes in acquiring undervalued deteriorating properties that offer the potential for above average return on investment, the properties must offer recyclable/salvageable materials along with the potential for redevelopment; 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 Beacon Redevelopment Industrial Corporation 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
4:35 AM
So, You have a degree huh? what a waste of time that was, most people would put that to good use?? You sit here slinging your BS to any moron that will listen and agree with your crapola you dont even have a clue. If you need me to post all Beacons PR'S and explain them all to you sence it doesnt sound like you comprehend what im saying "i will learn you" and as for everone on this board you talk about? It is obvious that all the clueless stick together.. You like leading the blind dont ya?
Offline
The SEC is easier on the OTC market especially when it comes to pink sheets that aren't even worth 1 penny per share. They hide behind "forward looking statements" - but in my mind a forward looking statement would be - "once the abatement and demolition occur we will look at builidng a light industrial park, full capacity of the park will be x in revenues, which translates to y company value". Not blatant statements about what they were offered and how much steel is there to the exact ton. So time wise I don't know the SEC investigator is better at that. But I do think the more complaints the SEC online gets about certain statements the more likely it is they will start an investigation.
There are many, many people in this industry much smarter then I. For example I think the smartest person I ever met was Fred Jackson from Jackson Demolition. Fred has a degree in Aero Engineering from the University of Indiana. He worked about 5 years for GE Aerospace before he got frustrated and moved back to NY to run every piece of equipment known to man. He is flat out the best demolition crane operator I have seen. The smartest technical wrecker I met is not someone book smart but in the field smart - that would be Bill Bianchi from Binachi Industrial. Billy is great at looking at situations -Head Houses, Power structures, stacks and knowing exactly how many guys, what tools, and how many days it will take to get it down. I was fortunate enough to have both men teach me a few things along the way.
8:16 PM
Demoman518,
you couldn't have said it better. and, by the way, i don't think that very many people in the country even have a background as good as yours. my friends who went to RPI said it was one of the toughest schools in the country, and a darn fine engineering school. i know how hard those guys worked at RPI, and I am quite impressed.
Thanks for setting the record straight about this pink sheet play. By the way, what do you think Adam Marek's liability is for lying about the $5.5 million bid in the first place. How long do you think it will take before he is in jail?
I will tell you that besides having an Engineering Degree from one of the top US schools in that area I also hold an MBA in Finance.
I would have to guess that everyone on this board makes more in a year then you. My personal portfolio is very strong as are my childrens accounts. The last thing I would put in them is some BS OTC pink sheet play.
If you now anything about what you are buying into it is similar to land shares from the 1800's in CA when people were speculating for Gold. Needless to say, 98% of the buyers never hit it rich with gold but the people selling the land shares certainly made out OK.
What the people on this board are very good at is smelling a rat that is trying to take advantage of higher then normal scrap value. Brick is worth squat. If there were 40,000 tons of steel there then you may have something, but since that PR was bogus as well as the one that stated he turned down an offer the $5.5 million, you have squat, so keep pissing you SSI checks down the rat hole to chase OTC pink sheet no plays.:D
3:14 PM
I have to tell you. The group of you in here dont even have a clue! I think you spend to much time posting in here and not enough time out there trying to make a profit .. you will be very surprised on how much beacon redevelopment will make off there property ventures as they rely on traditional methods of financing i.e. bank financing, owner financing or company funds. I notice none of you mentioned anything about any of there other projects??? Let me guess none of you invest either because if you did you would see the potential that beacon has? Have you read all there PR'S OR DO YOU JUST FOCUS ON ONE THING THAT NONE OF YOU KNOW ANYTHING ABOUT
James:
I was refering to the IHUB board that was so caught up in what they think is some huge money making deal. On that board they are mocking demolition contractors as "guys that drive around in pickups".
I know that in our company we have two PE's working on our staff. I graduated from RPI in Troy NY with a Bachelors and have a MBA from the same school. Many of our competitors have similar backgrounds.
demoman518;9621 said:
What I am amazed at is people on that board mocking demolition contractors as ignorant, backward individuals??
I have never seen that, I must be missing something.
I think you did nailed it on the value and cost. Like others have said, some fly by night operation is going to come around and get killed in the end.
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