SOURCE: Cambridge Park Limited, Inc.

July 18, 2007 09:00 ET

Cambridge Park Limited Announces Frederick Castellano as New President

BOCA RATON, FL--(Marketwire - July 18, 2007) - The Board of Directors of Cambridge Park Limited, Inc. (PINKSHEETS: CPKL) (the "Company") announced today that it had entered into an agreement whereby Frederick "Fred" Castellano will serve as its President taking over these responsibilities from Donald Platten who has decided to relinquish them.

"I am delighted to be a part of Cambridge Park, "said Frederick Castellano. "The business plan that the Company is pursuing is innovative and refreshing, and I find it personally exciting to be a part of it." Donald Platten, outgoing President, added, "Landing Fred is a phenomenal accomplishment for us. Fred is extraordinarily well thought of, and personally and professionally well respected and well experienced in the high-end car business -- an area that you know we are aggressively pursuing. He will bring to our subsidiary, Prestige Cars International, decades of knowledge and expertise in this specialty. Fred will assume his responsibilities immediately."

About Cambridge Park Limited, Inc.

Cambridge Park Limited, Inc., a Florida corporation, is a holding company with a strategy of acquiring and operating U.S. and foreign-based consumer marketers of upscale global brands. Cambridge Park's business plan includes a 2007 entry into the upscale consumer markets of London, Paris, Zurich, Vienna and Sao Paulo. Its subsidiary, Prestige Cars International, Inc., is a restorer and dealer of pre-owned Rolls Royce, Bentley and other high-end motor cars, including many collector's editions shipped throughout the world.

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

Contact Information

  • Contact:
    Cambridge Park Limited, Inc.
    101 Plaza Real South, Suite 217
    Boca Raton, Florida 33432
    Phone: 561-447-7977
    Fax: 561-447-7978