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The agreement is not yet finalized, and the terms will remain private as RRD is not a public company and it will not alter the agreement RRD has with Beacon Redevelopment. Beacon asks shareholders for restraint during the final negotiations as telephone calls and other inquiries could strain the relations between the respective companies.
RRD stated that the final negotiations are with Ameri Source of Pittsburgh, Pennsylvania. If the agreement is accepted, Ameri Source and its subsidiaries will dismantle the factory to grade level with an objective to maximize salvageable material value. Ameri Source will provide all labor, supervisors, and equipment for plant dismantlement. Ameri Source will provide all safety equipment, necessary labor training, dismantlement of scrap metal, removal of the brick, and cleaning by chisel or air hammer.
The company believes Ameri Source, which sells specialty metals and graphite, and operates warehouses throughout the United States, has the ability to complete the job on a fair timeline. All parties involved, including Ameri Source, look forward to moving quickly to reach a final agreement and start the demolition process.
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
SOURCE Beacon Redevelopment Industrial Corporation
http://www.beaconredevelopment.com
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