SOURCE: New Bastion Development

February 25, 2010 06:00 ET

New Bastion Development, Inc. Launches New Website

FORT LAUDERDALE, FL--(Marketwire - February 25, 2010) -  New Bastion Development, Inc. ("New Bastion"), (PINKSHEETS: NWBA), a real estate development Company exploiting real estate opportunities in Northwest Florida, announces today that the Company has launched a new website, www.newbastiondevelopment.com.

The new website developed by the Company's new media partner, Red Tie media, Inc., is designed to be more comprehensive and user-friendly while being dedicated to connecting and providing all interested parties to the latest developments in the region. For information on Red Tie Media, visit www.redtiemedia.net

New Bastion Development is centering its business strategy of acquiring and developing residential and commercial properties, around the new international airport being built near Panama City Beach, Florida. The new Florida Beaches International Airport is scheduled to open in May of this year. This will be the first step in the transformation of the "Emerald Coast," a little known region of the Florida panhandle, into the next South Beach or Cote D'Azur.

Mr. Elliot Bellen, CEO of New Bastion Development, Inc., stated, "Every major media outlet has and will continue to document the regional explosion and the opportunities created by the opening of the new airport." Elliot continues by saying, "The partnership between St. Joe and Southwest Airlines is designed to make the region more accessible while New Bastion's website is designed to make the multitude of information and opportunity more accessible to the masses." 

About New Bastion Development, Inc.
New Bastion is a development stage company that is exploiting local real estate opportunities in the Panama City Beach and Marianna, Florida area. The Company is capitalizing on the new international airport being built on 4,000 acres of land donated by the St. Joe Company. Construction of the new airport is currently three months ahead of schedule (www.newpcairport.com) and is expected to be operational on May 23, 2010. It is anticipated that the new airport will create a significant number of jobs and economic opportunity in the region. 

New Bastion currently maintains an inventory of real estate in the region that consists of raw acreage, commercial property, and platted lots in existing communities. It intends to acquire additional properties in the region with the intent to market and develop such properties as demand increases as a result of the growth in the region. 

Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

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    (407) 862-5151