FRESNO, Calif., Aug. 31, 2011 /PRNewswire/ -- Black Castle Developments Holdings, Inc. (Pink Sheets: BCDH) ("BCD"), today announced its transition into an acquisition and holding company; focused on purchase and growth of undervalued small companies in niche industries. BCD, a holding company, will continue to own 100% interest in Black Castle Developments (the real estate company) and that subsidiary will continue to follow its plans for acquisition of non-performing notes and bank-owned, income-producing commercial properties.
BCD, the holding company, is currently negotiating and continues in aggressive pursuit to acquire/purchase small undervalued companies in niche industries, with high growth potential and high margins on revenue. Jeff Holroyd, CEO of BCD said, "We believe we are at a substantial advantage by having access to capital that smaller private companies in this economy do not have. Furthermore, the holding company will benefit from these acquisitions by the generation of income through dividends, interest, royalties and rent collection from its subsidiaries."
About Black Castle Developments, Inc.
Black Castle Developments, Inc. is focused on 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, Black Castle Development's financial deal makers are capitalizing on the unprecedented and opportunistic U.S. real estate market. 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.
SOURCE Black Castle Developments, Inc.