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New Bastion Development Inc. (fka NWBA) RSS Feed

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Welcome to the NWBA — New Bastion Development Inc. Board

 

 

The NWBA board was created to provide existing and potential investors a forum to discuss the fundamentals of NWBA . This is forum to learn and gain understanding of all NWBA’s business segments and events as they occur. This is a forum for knowledgeable investor to share due diligence with the board. Whether you’ve been invested in NWBA since the early days or you are considering investing in NWBA and have found information you find important we encourage share it so others Keep your posts on topic and NWBA related. Please follow all IHUB Terms of Use review here if needed. http://www.investorshub.com/boards/Terms.asp

Posts not meeting guidelines will be deleted without explanation we don’t have the time or desire to justify every deletion. If you feel strongly enough PM or email me and if I have the time or desire I’ll try to provide a reason. From time to time we may post a public explanation if it serves a larger purpose but don’t expect it every time. Just a final note this board is only as great as we make it. If you have any suggestions PM or email us. This board won’t be great because of the moderators it will be great because of the posters, which there are many outstanding ones on this board and hopefully we attract more that may only read right now or may be looking for refuge from less civil forums. So let’s all work toward the goal of having one of the finest boards on IHUB.

 

 

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New Bastion Development Inc.

 

1000 NW 65th St. Suite 103

 

Ft. Lauderdale, FL 33309

http://www.newbastiondevelopment.com

 

Phone: 866-541-0625

 

Fax: 866-508-9913

 

E-mail: info@newbastiondevelopment.com

 

OTC Market Tier

 

Pink Sheets Limited Primary

 

SIC — Industry Classification

 

6552 - Subdivisers and developers, misc

 

Business Stage

 

Development Stage Company

 

State Of Incorporation

 

PA

 

Jurisdiction Of Incorporation

 

United States

 

Year Of Incorporation

 

1951

 

Number of Employees

 

2 as of Dec 31, 2008

 

SEC Reporting Status

 

SEC Reporting Company

 

CIK

 

0000053500

 

Fiscal Year End

 

12/31

 

Estimated Market Cap

 

$9,206,521 as of Jan 26, 2010

 

Outstanding Shares

 

19,180,253 as of Dec 31, 2008

 

Authorized Shares

 

100,000,000 as of Dec 31, 2008

 

Float(shares)

 

1,462,990 as of Dec 31, 2008

 

Number of Shareholders of Record

 

1,245 as of Dec 31, 2008

 

Outstanding Shares:

 

As of November 2, 2009, there were 249,115,902 shares of the issuer's common stock issued and outstanding

 

Company Officers

 

Elliot Bellen, CEO, Dir.

 

Patrick O'Keefe, President, Dir.

 

Francis Proto, CFO, Dir.

 

 

*****************************************************************

 

We are a development stage company that was formed for the purpose of exploiting local real estate opportunities in the Panama City Beach/Marianna, Florida area (the "Panama City/Marianna area") located in Northwest Florida, which is the last major undeveloped area in Florida. This area should be at the forefront of the recovery from the collapse of the general real estate market in Florida?s major cities as a result of its limited supply of existing housing and its bypassing of the rampant unsustainable sky rocketing price appreciation during the real estate bubble. These factors, combined with the anticipated increase in demand for residential properties due to the construction of a new international airport in the immediate vicinity, in addition to other nearby development projects, causes us to believe that there are significant opportunities in the Panama City/Marianna area at this time.

The Company purchased New Bastion Development, Inc, as a wholly-owned subsidiary on 12/29/08 is currently preparing to change its name to New Bastion Development, Inc. to better reflect its business direction. All information can be found in Form 8-K

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