Black Castle Developments Holdings, Inc. Secures $50 Million Dollar Line of Credit -- Funding Earmarked for Purchase of Real Estate; Non-Dilutive to Shareholders --

FRESNO, Calif., Feb. 27, 2012 /PRNewswire/ -- Black Castle Developments Holdings, Inc. (Pink Sheets: BCDH), a holding company targeting the acquisition of undervalued, niche companies, announced that it has secured a line of credit totaling $50 million over a five-year period with an asset-based senior credit facility. Under the terms of the five-year agreement, BCDH can draw down a maximum of $6 million in the first year, with the revolver collateralized by real estate assets.

Jeff Holroyd, President and CEO of BCDH, stated, "We are very pleased to have formed a highly valuable business relationship with this facility. There is no requirement for BCDH to issue stock or warrants to secure this arrangement, which protects our shareholders from any potential dilution. We anticipate that this revolving line of credit will support our working capital need, but, moreover, will allow us to quickly close on real estate transactions that remain very attractive because they have discounted pricing and upside potential. We are thrilled to turn a significant corner in our business model with this financing."

Mr. Holroyd added, "BCDH was looking for a financing solution that would offer greater liquidity and accelerate a strategic turnaround. The premier credit facility we found is one of the largest independent, asset-based working capital lenders in our local area. While we will continue to pursue multiple financing solutions, we are off to a great start."

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. The Company has a solid track record of acquiring, integrating, and growing companies, most recently with the acquisition of A-Shine Inc. BCDH plans to leverage its management resources and status as a public entity to assist acquired companies to strengthen their local presence, grow internationally and achieve sustainable, profitable growth. 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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