Black Castle Developments Holdings Signs Letter of Intent to Acquire A-Shine Inc., a Technology Innovator in The Hospitality Industry

FRESNO, Calif., Feb. 8, 2012 /PRNewswire/ -- Black Castle Developments Holdings, Inc. (Pink Sheets:BCDH) ("BCDH"), a holding company targeting the acquisition of undervalued, niche companies, announced today that it has entered into a Letter of Intent (LOI) to acquire A-Shine Inc., a pioneer in glass polishing technology for the restaurant and hospitality industry. A-Shine, Inc. develops, manufactures and distributes a state-of-the-art glass polisher that automates the typical manual process of polishing glass, saving time and money for tens of thousands of restaurants worldwide.

Aaron Rogers, president and CEO of A-Shine Inc., invented this breakthrough product that targets the over 900,000 food service restaurants in the U.S., and more than 8.3 million worldwide. A-Shine Inc. is targeting established restaurants and hotel chains such as: Ruth Chris, Flemmings, P.F. Changs, Marriott, Hilton, Harrah's and Wynn Resorts for sales of its product. Mr. Rogers commented, "Casual and fine dining establishments are seeking to recoup economic losses over the past few years as a result of the recession. The challenge has always been to cut costs without sacrificing quality of service or diluting their brand image. The A-Shine product provides a solution that improves the quality of service, while increasing efficiencies and bottom-line profits for those in the hospitality industry."

A-Shine Inc. is in the early stages of generating revenues and production, but believes that with the added capital and expert management of BCDH, it is poised to grow into a multi-million dollar company in as little as two years. Jeff Holroyd, President and CEO of BDCH said, "What a rare opportunity and stellar timing to acquire a company like A-Shine Inc. Not only do they have very little, if any competition, but their growth potential, industry contacts and revenue streams make them a perfect addition to the BCDH portfolio. I can easily see triple digit growth and expansion over the next few years with a massive retention of large players in A-Shine's industry. We expect A-Shine, Inc. to contribute revenues of approximately $3.5 million in 2012 and achieve exponential growth thereafter."

Upon the close of the acquisition, expected by February 15, 2012, A-Shine Inc. will operate as a wholly owned subsidiary of BCDH. The all-stock transaction is expected to be non-dilutive to existing shareholders, who stand to appreciate 100% of A-Shine's revenue growth.

About A-Shine Inc.

A-Shine Inc. is a pioneer in the restaurant and hospitality industry that manufactures and markets an innovative glass polishing device. What was once a manual process, A-Shine has founded a breakthrough technology to make polishing glass more automated, effective, and cost efficient.  The polisher has the ability to not only polish wine glasses of various size and toughness, but will also be able to polish all standard glassware currently used within the restaurant and hospitality venues.  A-Shine will be the industry leader and provide its clientele with a safer, more efficient, cost saving product that will modernize and revolutionize the way glasses are polished.

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. 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
Find Us on Facebook.

SOURCE Black Castle Developments Holdings, Inc.