posted
In the case for fair an unbiased reporting on my part...if any of this is true, this does not bode well for BCND (disclaimer, I still own shares but don't know for how long...Richard Gazarik is a 59 year old investigative reporter for the Pittsburgh Tribune):
Hempfield wants action on former Westmoreland Glass plant
By Richard Gazarik TRIBUNE-REVIEW Friday, June 19, 2009
From a cinderblock building behind a Route 30 motel in North Huntingdon, Adam Marek operates a business enterprise that he says includes natural gas, coal, timber and the former Westmoreland Glass factory site in Hempfield Township.
But the door to the building is padlocked, and a cleaning woman at the Hiland Terrace Motel said she never has seen Marek, who is president of Beacon Pennsylvania Holdings.
Neither have Hempfield officials.
The township has issued a subpoena for Marek to force him to appear at a second public hearing June 24 to determine whether the former factory buildings should be declared a public hazard and demolished, said Solicitor Les Mlakar.
Marek did not appear at the first hearing in May.
If the site is declared a hazard, Marek will have 30 days to raze the dilapidated structures. If he doesn't, Mlakar said he will file legal action in Common Pleas Court to force Marek to comply.
"I want him there," Mlakar said, referring to the hearing.
If Marek still refuses to raze the buildings, Mlakar said he is not sure how the township will force him to do so.
"That's the $64,000 question," he said.
The former glass plant is located along the railroad tracks off Chambers Avenue Extension in Grapeville, which borders the city of Jeannette. The brick walls of the former factory are collapsing, revealing rusted steel beams. Two major fires in the 1990s further weakened the structure. Two large brick stacks also stand on the site.
Earlier this year, Marek told the township he plans to salvage and sell the brick and steel, then develop the site for new industry along with timber holdings he says he owns in West Virginia.
Township supervisors fear the property may be contaminated with asbestos and heavy metals from a century of glass production.
Marek lists the Hiland Terrace Motel as the address for a number of businesses that he has registered in Harrisburg. Calls to a company number go unanswered. The motel's Web site says rooms there can be rented for three hours for $25. It boasts "privacy assured" because of its "discreet location," even though it's just a few yards from heavily traveled Route 30.
Beacon Pennsylvania Holdings issued a news release in May saying it was entering into discussions to sell the company. On June 9, the company issued another release saying it was reviewing a report on asbestos at the site and planned to start work soon.
On Monday, Beacon announced that Marek has been replaced as CEO by Rick Blackburn of Renaissance Renovation & Development, the company Marek hired to demolish the site.
In an e-mail, Blackburn said Beacon is pulling out of Westmoreland County but will maintain a presence because of Westmoreland Glass.
"We found the government, particularly Hempfield Township, to be outright hostile to business ..." Blackburn wrote.
Beacon was formerly known as ITLV Intelective Communications Inc. of Penn Valley, Calif., according to corporate records. Marek was listed as president and chief operating officer of ITLV. A deed filed in Westmoreland County shows that Beacon purchased the Grapeville site from Rodrigo Calderon for $42,000 last fall.
At the township hearing in May, Blackburn testified that he had never met Marek in person and was not an officer of Renaissance. Mlakar said Renaissance is registered in Nevada and lists Blackburn as a principal. Renaissance has a telephone number in Pittsburgh, but Mlakar has not been able to locate an address.
"I don't want to say it's a scam," Mlakar said, "but it doesn't smell right."
He said he believes the change in management is an attempt to stall the hearing.
"It does seem to be what they're trying to do," Mlakar said.
Marek refuses to be interviewed. He did issue a statement via e-mail.
"At this time, Beacon Redevelopment Industrial Corp. is unable to provide you with any non-public information pertaining to the company," Marek wrote.
He declined to answer any questions about his background.
"Again, whether the article relates to me or the company I am agent for is not the issue," he said. "The underlying issue (sic) are federal securities laws that prohibit the company, or its agents, from releasing information to a single shareholder (or group of shareholders) in advance of that material being made public.
"Specifically, federal insider trading laws prohibit our shareholders from receiving information about the advanced release of news that could potentially affect our share price."
Beacon trades as an Over-the-Counter stock under the ticker symbol BCND. Its share price has ranged from .001 cent to .006 cent a share.
Posts: 837 | From: Madison, WI | Registered: Sep 2005
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posted
BCND-.0004-from IR about the township meeting last evening--------------------------------------Posted by: inforcash Date: Thursday, June 25, 2009 1:23:27 AM In reply to: Kristallweizen who wrote msg# 33917 Post # of 33970
READ EMAIL REPLY....
Dear Shareholder:
Regulation FD prohibits us from advising if or when a press release may come out.
We submitted our application for a demolition permit with the Township, but they now claim it is not necessary.
We notified Pennsylvania One Call of the intent to dig.
We are in the process of completing the notifications to the state authorities, but this process is not simple. We will provide additional information as it develops.
As to West Virginia, we hope to move forward promptly with the timbering, but will not agree to a deal that does not reflect the value of the wood.
At the hearing, we presented a motion to recuse the Solicitor. A copy can be found at www.beaconredevelopment.com/recuse_solicitor.pdf . Interestingly, the Solicitor denied the motion as premature and stated that he was not presiding over the proceedings but simply giving legal advice to the Board of Supervisors. Yet it was his decision to deny the motion and the Board remained silent.
While the proceedings were more amicable, and the Solicitor did allow the company to express the timeline it needed, we will assert all legal rights available to us as stated in our press release.
posted
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.
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posted
today---BCND-- on their site--by bcndir » Mon Sep 21, 2009 3:02 am
We apologize for the late response to this message. We have already began cleanup of the property including removing debris, creating an access road, and preparing the loading dock. What happened last year was we could not test for asbestos with snow on the ground. Presently, we know the brick is not tainted with asbestos and we know the areas that are affected. We cannot say that Winter won't slow any operations, but the contracting experts state that they believe the entire project will take 7 months from start to finish. Most likely that will encompass part of the Winter months.This post contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are made as of the date they were first issued.
Posts: 3056 | Registered: Feb 2005
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quote:Originally posted by eddy: today---BCND-- on their site--by bcndir » Mon Sep 21, 2009 3:02 am
We apologize for the late response to this message. We have already began cleanup of the property including removing debris, creating an access road, and preparing the loading dock. What happened last year was we could not test for asbestos with snow on the ground. Presently, we know the brick is not tainted with asbestos and we know the areas that are affected. We cannot say that Winter won't slow any operations, but the contracting experts state that they believe the entire project will take 7 months from start to finish. Most likely that will encompass part of the Winter months.This post contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are made as of the date they were first issued.
BCND gets the 5 million when permits are issued--not when project is finished--just info
Posts: 3056 | Registered: Feb 2005
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As we stated in our press releases, the company was and is considering spinning off Beacon Energy Corp. to the shareholders in whole or in part. This is something that won't be determined until after the buyout is finalized.
To clarify, when we say in whole or in part, we may choose to spin off a percentage of common shares of Beacon Energy Corp. while having BCND retain some shares as well. They may choose not to spin off any of it at all. It's all going to depend on how the new control group decides to handle the situation.
We'd also change the name of Beacon Energy as another company is using that name and we are not affiliated with them.
from the company board where the company answers questions------------- Re: Glass Factory Updates and Lack there of
by bcndir » Wed Sep 16, 2009 8:08 pm 1. Press releases are for material events such a groundbreaking, purchasing properties, litigations, completion of the prospective buyout, etc. One of the mistakes we made was to issue press releases updating routine activities because we had no outlet to communicate with the public. While shareholders might not be pleased with our position, expect less press releases, not more of them. Our focus is on the business.
2. The asbestos report results are that there are some hot areas, but a lot less than we expected. We've decided to publish the report here, but it's very long and will take a little bit of time to convert to picture files and upload. The report, by a neutral third party, estimates less than $100,000 to be budgeted for asbestos problems. We thought it would be about $200,000 to $250,000, so that's good news for Renaissance Renovations.
3. Under the letter of intent between Ameri-Source and Renaissance Renovations, RRD would be responsible for the environmental matters and Ameri-Source for the demolition and salvage portion. As such, RRD will need to have a contractor licensed by the Department of Labor for asbestos on hand. We have been advised that RRD has a prospective contractor in place for this within the budget outlined by the asbestos report.
4. A Hempfield Township demolition permit was applied for by mailing it to their building inspector's office. At the second hearing a couple months ago, the Hempfield Township staff told Rick that they weren't requiring a permit. Rick informs us that they had the document in a plastic bag along with the check. The "officials" are the Hempfield Township people, so we're not real sure why they were running their mouth to the newspaper claiming otherwise. It could be that the guy the paper interviewed was simply ignorant and kept out of the loop, or there could be other motives. You never know what the political motivations of these people are. As you know, the guy they assigned to be judge at the hearings was the same guy they had badmouthing our company to the newspaper. So you can get an idea of how hokey the Township is.
5. The buyout matter remains in its final negotiation stages as we stated in our last press release where we mentioned the matter. It's unfortunate that it's taking so long, but it is.
posted
Posted by: xanadu Date: Tuesday, September 22, 2009 4:51:24 PM In reply to: bobky who wrote msg# 39944 Post # of 39947
********not sure on meeting. In fact, about 5 minutes ago, my Grapeville source asked me when the next meeting was and I couldn't answer him. BTW, ATTENTION, ATTENTION ,activities are in progress at the glass factory. Old vehicles have been dragged away. THE POWER LINE IS IN. Roads are being cleared so vehicles can move about. Believed they are going to bring in a house/office trailer for an on-site office. And, after I'd explained how penny stock investors become paranoid, he told me, two or three times, for me to stop worrying because there are activities going on. He also emphasized that things take time, especially with their township
Posts: 3056 | Registered: Feb 2005
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quote:Originally posted by eddy: press due any day-radar close--for investor questions- the company made this board-- http://beaconredevelopment.com/bcndboard/ __________________
either one of press would rock this up so fast 1. the company gets 5.3 million dollars when permits are issued for the demolition of the glass factory. they do not have to finsish the project first-just get permits-township meeting is this Monday, the 28th. 2-the prees about what price the buyout will happen-buyout is in final stages __________________
Posts: 3056 | Registered: Feb 2005
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1. Press releases are for material events such a groundbreaking, purchasing properties, litigations, completion of the prospective buyout, etc. One of the mistakes we made was to issue press releases updating routine activities because we had no outlet to communicate with the public. While shareholders might not be pleased with our position, expect less press releases, not more of them. Our focus is on the business.
2. The asbestos report results are that there are some hot areas, but a lot less than we expected. We've decided to publish the report here, but it's very long and will take a little bit of time to convert to picture files and upload. The report, by a neutral third party, estimates less than $100,000 to be budgeted for asbestos problems. We thought it would be about $200,000 to $250,000, so that's good news for Renaissance Renovations.
3. Under the letter of intent between Ameri-Source and Renaissance Renovations, RRD would be responsible for the environmental matters and Ameri-Source for the demolition and salvage portion. As such, RRD will need to have a contractor licensed by the Department of Labor for asbestos on hand. We have been advised that RRD has a prospective contractor in place for this within the budget outlined by the asbestos report.
4. A Hempfield Township demolition permit was applied for by mailing it to their building inspector's office. At the second hearing a couple months ago, the Hempfield Township staff told Rick that they weren't requiring a permit. Rick informs us that they had the document in a plastic bag along with the check. The "officials" are the Hempfield Township people, so we're not real sure why they were running their mouth to the newspaper claiming otherwise. It could be that the guy the paper interviewed was simply ignorant and kept out of the loop, or there could be other motives. You never know what the political motivations of these people are. As you know, the guy they assigned to be judge at the hearings was the same guy they had badmouthing our company to the newspaper. So you can get an idea of how hokey the Township is.
5. The buyout matter remains in its final negotiation stages as we stated in our last press release where we mentioned the matter. It's unfortunate that it's taking so long, but it is.
Posts: 3056 | Registered: Feb 2005
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posted
a few months back there were a lot of people in at .0001 when it ran to .0008. most are out now--this time it can move a lot higher with people being in at a higher pps.
Posts: 3056 | Registered: Feb 2005
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posted
the reason news is due any day--------this is from the company ****--by bcndir » Tue Sep 22, 2009 6:34 pm
Rick has just returned to Florida from his trip to Pennsylvania and West Virginia. We are acquiring a full report and hope to provide updates over the next couple of days.
Solicitor Les Mlakar said Beacon has 30 days to appeal the decision to Westmoreland County Court. Beacon must begin cleanup within 30 days and demolish the structures within 120 days or face fines.
Beacon is a penny stock company that is known in stock parlance as "pink sheets." The U.S. Securities and Exchange Commission does not allow penny stocks to be traded on traditional markets because they are not required to submit audits or other financial records attesting to the strength of the company.
Ownership of the company is murky.
In the past year, the CEO has changed three times, and the board was unable to learn the identities of the board of directors and who the company's investors are at the public hearing.
The company was based in a Route 30 motel until earlier this year. Mlakar said he didn't know what address to send the decision to because Beacon has three addresses. It has a mailbox along Radebaugh Road but no local office.
The company has promised the township it would undertake work to clean up the site but has not applied for any demolition permits from the state or federal government. The permits are required because of the potential threat of asbestos and heavy metals in the soil.
Beacon has issued news releases announcing developments and explaining the progress the company made.
In early September, it issued a news release announcing it had hired Cribbs & Associates of Delmont to conduct tests at the site. Owner Gary Cribbs said earlier this month he could not comment.
When Beacon purchased the site in 2008 for $42,000, then-CEO Adam Marek told the township he would demolish the plant in early 2009.
Marek was subpoenaed by the township for last summer's hearing but failed to appear. A short time later, the company announced Marek was being replaced as CEO by Rick Blackburn of Florida.
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