WILMINGTON, DE — (Marketwire) — 07/14/11 — Beacon Redevelopment Industrial Corp. (PINKSHEETS: BCND) updates its shareholder by announcing that its common stock will be the subject of a reverse split that will be effective on a date set by the Financial Industry Regulatory Authority (FINRA). For every fifteen (15) shares, shareholders will receive one (1) new share. No fractional shares will be issued.
Along with the reverse split, the Company lowered the authorized number of shares to 322,000,000.
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.
Contact:
Executive Team
Beacon Redevelopment Industrial Corporation
302-721-5210