Beacon Redevelopment Retains Expert Geologist to Evaluate the Companys Natural Gas Holdings and Prospects Going Forward on its Properties
Tuesday, August 19th 2008
Beacon Redevelopment Industrial Corporation 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.”
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 http://www.beaconredevelopment.com for all the latest information and updates.
