GRAPEVILLE, HEMPFIELD TOWNSHIP, Pa., Aug. 10 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corp. (Pink Sheets: BCND) today updates its continuing progress regarding the Westmoreland Glass Factory project in Grapeville, Pennsylvania. Beacon received formal notice from its bid winning contractor, Renaissance Renovations & Development LLC that they have chosen Ameri-Source Services LLC of Bethel Park, Pennsylvania, to be its primary demolition subcontractor. RRD, a general contracting management firm, was awarded the demolition contract by BCDN for its Westmoreland Glass Factory project. RRD has advised BCND that they have selected and entered into a formal letter of understanding with Ameri-Source Services, LLC to carryout the overall demolition and recovery of salvageable materials as per the Company's stipulated requirements. Beacon, who has the ultimate approval rights, accepted the proposal after verifying Ameri-Source's experience and expertise to fulfill such an assignment. Beacon also took into consideration the appointment of Edward Scherrer as the project supervisor for the demolition. Mr. Scherrer has worked with Ameri-Source over the last three years regarding demolition and the salvaging of materials. Mr. Scherrer, previously employed by the Pike Company and Sevenson Environmental, maintains over twenty years experience in construction, demolition, and salvage. He has also worked on demolition projects such as the Bethlehem Steel Plant, Globe Metallurgical, Niagara Transformer (Superfund project), SGL Graphite Plant, and Carbide Graphite Plant. The terms of the agreement between RRD and Ameri Source are private and do not alter RRDs obligation to Beacon. Per contract, Beacon will receive an additional $5,350,000.00 for the salvage rights to the factory, which is in addition to the $1,000,000.00 deposit. Over the last two weeks, Beacon management has diligently worked to remove and clean up weeds, brush, and overgrown trees on the property. Various dumped junk such as automobiles were taken off the property and properly disposed of. Electric installation to the property is on track and should be complete before the end of August. The Company will provide a progress report to the Hempfield Township Supervisors, and it plans to notify the local residents of Grapeville with its future intentions while addressing any concerns they may have. Finally, many shareholders have inquired regarding the previously announced buyout. No material changes have occurred to this point that can be reported as the negotiations are ongoing with the anticipation of a mutually agreeable deal. The Company will announce all material information when appropriate. This release does not constitute an offer of securities for sale. This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve certain risks and uncertainties that could cause actual results to differ. All statements in this press release are based on information available to the company as of the date hereof. SOURCE: Public Relations Beacon Redevelopment Industrial Corporation 302-724-6919 DATASOURCE: Beacon Redevelopment Industrial Corporation CONTACT: Public Relations for Beacon Redevelopment Industrial Corporation, +1-302-724-6919, Web Site: http://www.beaconredevelopment.com/

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