FRESNO, Calif., Feb. 24, 2012 /PRNewswire/ -- Black Castle Developments Holdings, Inc. (Pink Sheets: BCDH), a holding company targeting the acquisition of undervalued, niche companies, is pleased to provide a corporate update on recent events and the tremendous progress the Company has made.  Company progress has been rapid and eventful, highlighted by the closing of the acquisition of A-Shine Inc.  The Company has also made progress on the completion of their audit and Form 10 filing, as well as moving forward toward their next acquisition.  Their most recent acquisition of A-Shine Inc. has been exceptionally well received because many believe they will be the industry leader in providing their clientele with a safer, more efficient, cost saving product that will modernize and revolutionize the way glasses are polished.  President and CEO Jeff Holroyd states, "The acquisition of A-Shine Inc. has been a tremendous benefit to our Holdings division.  Entering into a $600,000,000 industry with premier technology will help provide BCDH with tremendous top, and bottom- line growth."

Black Castle Developments Holdings, Inc. is pleased to announce that a financial audit and subsequent Form 10 filing are both underway with the help of diligent work from both their auditor and legal team.  This should allow the Company to "up-list" as a fully reporting Company.  Moving forward, corporate financials will begin to show a greater transparency to the shareholders and allow BCDH the opportunity to move up to bigger and better markets because of their growth and reporting compliance.

In an effort to expedite the audit, Gruber & Company, LLC, a full service Public Accounting Firm that provides audit and tax compliance to mid-market publicly held companies was retained by BCDH in June of 2011.  CEO of BCDH, Jeff Holroyd, goes on to say, "We firmly believe that our shareholders need to see our company from the inside out.  Audited financials are the best way for our investors to make sounds financial decisions to invest in the Company." 

Holroyd goes on to state, "Black Castle Developments Holdings, Inc. (BCDH) has seized many opportunities to grow the business and stay the course of our investment discipline.  We are currently working diligently on our next acquisition and anticipate a quick close.  We are taking the most important steps to respond to our investor and market demands, which will allow us to deliver the consistent growth in acquisitions and earnings that our stockholders expect."

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
info@blackcastledevelopments.com
www.BlackCastleDevelopments.com
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SOURCE Black Castle Developments Holdings, Inc.