Black Castle Developments Holdings, Inc. Clarification of Form 10 Registration Statement Withdrawal

FRESNO, Calif., Feb 7, 2012 /PRNewswire/ -- Black Castle Developments Holdings, Inc.  (Pink Sheets: BCDH), a holding company that targets the acquisition of undervalued, niche companies, and also the owner of Black Castle Developments, announced that due to SEC procedural rules, its previously submitted Form 10 was withdrawn.  The reason for the withdrawal was to provide updated financials but without burdening the company additional fees and costs; a resubmission of an amended registration statement would include more fees.  The company plans to submit a new Form 10, and when it does so, it will not have to pay any new fees associated with the filing. Once the Form 10 becomes effective with the SEC, BCDH will become a fully-reporting company and begin trading on the OTCQB.

Mr. Holroyd states, "There are certain timelines and deadlines that we have to follow in our industry.  In order to stay compliant with the SEC, we needed to withdraw our Form 10 and resubmit.  We have taken the necessary steps for compliance and are proceeding rapidly according to our business plan.  We greatly appreciated all of our shareholders questions and concerns and I hope this helps to answer them." 

President and CEO, Jeff Holroyd concludes, "These are some very exciting times for our company and we are very anxious to become an OTCQB company.  Thank you for your patience and understanding as we continue working through this strategic move."

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
[email protected]
www.BlackCastleDevelopments.com
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