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Black Castle Developments CEO Issues Corporate Update
56 minutes ago - PR Newswire via Comtex
PR NewswireBlack Castle Developments, Inc. (PinkSheets: BVDI) ("BCD"), a company involved in the purchase of non-performing notes and bank-owned, income-producing commercial real estate, issued today a letter to shareholders and interested investors from CEO and Founder Jeff Holroyd.
As CEO of BCD, I am pleased to provide you with a progress report on the Company. First, let me say thank you for your continued support of Black Castle Developments. As an investor in BCD, I hope you share in my excitement and commitment to acquire real estate that is extremely discounted and yields substantial income. The U.S. real estate market remains extremely attractive. BCD's expertise in managing income-producing properties, identifying undervalued properties ripe for acquisition and turning bank-owned assets into new revenue streams is the foundation of BCD's business model and future success.
Since becoming a publicly traded company, our team has worked diligently to move the Company to Current Information. The company believes it has met all Pink Sheet's legal and accounting requirements necessary to move up from Limited Information to Current Information status and anticipates the updated status to occur on the OTC Markets website shortly. The Current Information category is based on meeting more stringent levels of disclosure and transparency required by Pink Sheets. With the added visibility and liquidity that the Current Information tier brings, our company expects to gain greater transparency, including audited financial statements, for the benefit of our shareholders, and enhance our ability to secure capital to fund future acquisitions. We are closing in on the process, and will update shareholders accordingly.
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