Stock Trading

Imagine · #1 02-01-2012, 06:01 PM

.....Black Castle Developments Holdings, Inc. Updates on Form 10 Registration Statement Filing

......
FRESNO, Calif., Feb. 1, 2012 /PRNewswire/ -- Black Castle Developments Holdings, Inc. (PinkSheets:BCDH.PK - News), 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
Find Us on Facebook.

..

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode