Detail akcie Beacon online

Business Summary: Beacon Redevelopment Industrial Corporation, formerly Intelective Communications, Inc., is engaged in property acquisitions, redevelopment, processing salvageable materials, natural resources, mining, mineral rights and logging/timber rights. The Company engages in acquiring distressed properties and property rights that offer various revenue opportunities. The Company, through its subsidiaries, holds interests in the Westmoreland Glass Factory property in Grapeville, Pennsylvania. It holds interests in approximately 1,000 acres of coal rights in Western Pennsylvania. Its West Virginia property is an approximately 259.5 acre tract of land in Lewis County, West Virginia. The Beacon Logging division is charged with overseeing all the Company's timber rights and harvesting activities, including the property in West Virginia and Grapeville, Pennsylvania. The Beacon Salvage division is charged with overseeing all of its salvage operations, specifically the Westmoreland Glass site.
Financial Summary: BRIEF: For the six months ended 30 June 2003, Beacon Redevelopment Industrial Corp revenues increased from $16K to $72K. Net loss before extraordinary items decreased 80% to $164K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Consulting decrease of 85% to $71K (expense), Professional Fees decrease of 78% to $26K (expense).