FRESNO, Calif., Feb. 1, 2012 /PRNewswire/ -- Black Castle
Developments Holdings, Inc. (PinkSheets:BCDH), a holding
company targeting the acquisition of undervalued, niche companies,
and owner of Black Castle Developments, announced today that it is
working diligently with the Securities and Exchange Commission
(SEC) on completing the Form 10 and becoming Securities
Exchange Act of 1934 (also call the Act of '34)
compliant. As soon as the Form 10 becomes effective with the SEC,
BCDH will become a fully-reporting company and begin trading on the
OTCQB.
Management has been committed to take all appropriate steps to
become a fully reporting company and renew trading in the public
markets, while the Form 10 Registration Statement and other
periodic filings with the SEC provide investors with the
transparency they need to make informed decisions. As a fully
reporting company, Black Castle Developments Holdings, Inc. is
required to file annual reports on Form 10-K, quarterly reports on
Form 10-Q, and current reports on Form 8-K and must be in
compliance with proxy rules and other securities laws.
"Our motive to upgrade to the OTCQB is to become more visible to
our current and future shareholders. We forecast that these
strategic moves will also open up several new avenues to capital
and allow for substantial company growth," said Jeff Holroyd, BCDH President.
Mr. Holroyd concluded, "As soon as the SEC declares BCDH's Form
10 Registration Statement effective, we anticipate a mass amount of
acquisitions and revenues to be generated. We have been
working diligently for the past few years to accomplish numerous
tasks and in doing so we feel the market is primed for a holding
company like BCDH. I owe a great amount of gratitude to our
shareholders that have given us our past, current, and future
success. Thank you and I will be keeping you posted regularly
with our progress."
About Black Castle Developments Holdings, Inc.
Black Castle Developments Holdings, Inc. ("BCDH") is a holding
company focused on the merger and acquisition of undervalued,
revenue-generating companies that operate in high-growth niche
markets. BCDH plans to leverage its management resources and status
as a public entity to assist acquired companies to achieve and/or
grow their profitability. BCDH is also engaged in the direct
acquisition of non-performing notes (NPNs) and the development,
operation and management of income-producing commercial and
residential distressed properties. The Company was founded by
executives with over 20 years of experience in commercial real
estate finance, origination, negotiation, and transaction
execution. Profiling hundreds of NPNs daily in the $1 trillion U.S. loan marketplace, BCDH's
financial deal makers are capitalizing on the unprecedented
opportunities in the U.S. real estate market and identifying new
markets with similar upside potential. For more information, visit
www.blackcastledevelopments.com.
Statements contained in this news release, other than those
identifying historical facts, constitute "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934 and the Safe Harbor provisions as contained in
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements relating to the Company's future
expectations, including but not limited to revenues and earnings,
technology efficacy, strategies and plans, are subject to safe
harbors protection. Actual Company results and performance may be
materially different from any future results, performance,
strategies, plans, or achievements that may be expressed or implied
by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking
statements.
Contact:
Black Castle Developments Holdings, Inc.
559-435-2300
info@blackcastledevelopments.com
www.BlackCastleDevelopments.com
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SOURCE Black Castle Developments Holdings, Inc.