Beacon Redevelopment Industrial Corporation 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.

Beacon Redevelopment Industrial Corporation announced that it appointed Rick Blackburn as President and Chief Operating Officer. Mr. Blackburn has eighteen years of experience with overseeing construction development and demolitions. Prior to his construction profession, Mr. Blackburn spent ten years as a Ranger with the United States Army Special Forces. As he is also manager for Renaissance Renovations and Development LLC, the contractor that received the high bid for demolition of the Westmoreland Glass Factory in Grapeville, Pennsylvania, he brings with him existing knowledge of the project.

Beacon Redevelopment Industrial Corporation, which has created a new subsidiary Beacon Energy Corporation to manage and operate its natural gas assets, is looking for additional property acquisitions. The company said: “The new subsidiary will include all of the natural gas reserves/operating wells on its Westmoreland Glass Factory Site along with significant natural gas reserves on its West Virginia properties and will seek to expand these reserves with further property acquisitions thus creating an continuous revenue stream for the company's energy subsidiary.”