Beacon Redevelopment Industrial Corporation Reaffirms Contract With Renaissance Renovations...

Beacon Redevelopment Industrial Corporation Reaffirms Contract With
Renaissance Renovations and Development LLC

WILMINGTON, Del., July 6 /PRNewswire-FirstCall/ -- Beacon Redevelopment
Industrial Corporation (Pink Sheets: BCND) previously announced negotiations
with respect to a third party seeking to acquire control of the company.
These negotiations continue the path of finalization and the company intends
to notify shareholders promptly upon approval of all parties as to the final
contract.

In addition, the company previously announced the appointment of Rick
Blackburn as President of Beacon Redevelopment Industrial Corp. and its
subsidiaries. Mr. Blackburn is also a Manager of Renaissance Renovations &
Development LLC. This resulted in inquiries from shareholders about the
previously entered contract amid speculation that RRD intended to reduce costs
associated with the contract by placing their agent in a managerial capacity
at Beacon Redevelopment.

Mr. Blackburn, as President of Beacon Redevelopment and its subsidiaries,
maintains a fiduciary duty to the investors of the company and must take
actions to further their interests and increase shareholder value. As such,
the company will not alter the agreement announced on September 25, 2008,
between the company and RRD. Under the contract, Beacon Redevelopment's
wholly owned subsidiary will receive payment of an additional $5,350,000.00 in
exchange for the rights to salvage the Westmoreland Glass Factory in
Grapeville, Pennsylvania. This necessarily means that Beacon Redevelopment
will not provide any discounts to RRD and will not renegotiate the monetary
terms to make it more favorable for the contractor without regard to any
market changes for industrial building supplies.

Both companies are actively pursuing the demolition in accordance with the
understanding. In fact, Mr. Blackburn will be in Western Pennsylvania for
nine (9) days beginning on July 11, 2009, furthering the pre-demolition
stages. He hopes to update interested parties on the progress thereafter.

This press release does not constitute an offer of any securities for sale.
This press 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 forward-looking statements involve
certain risks and uncertainties that could cause actual results to differ.
All forward-looking 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
info@beaconredevelopment.com

URL: http://www.beaconredevelopment.com

SOURCE Beacon Redevelopment Industrial Corporation

Public Relations of Beacon Redevelopment Industrial Corporation,
+1-302-724-6919, info@beaconredevelopment.com