SOURCE: New Bastion Development

New Bastion Development

July 14, 2010 06:00 ET

New Bastion Development, Inc. Signs MOU With HiArt! Kids, Inc. for Worldwide Rights

FORT LAUDERDALE, FL--(Marketwire - July 14, 2010) - New Bastion Development, Inc. ("New Bastion"), (PINKSHEETS: NWBA), a real estate development Company exploiting real estate opportunities in Northwest Florida, announced today that the Company had entered into a Memorandum of Understanding to license proprietary educational materials, business processes and brands, from HiArt! Kids, Inc. as New Bastion intends to offer HiArt!'s successful New York City program nationally through its newly formed subsidiary HiArt! Worldwide, Inc.

Mr. Elliot Bellen, CEO of New Bastion Development, Inc., stated, "During these difficult times one thing is certain, and that is we need to be investing in our children. HiArt! has been at the forefront of culture and enrichment for so many of New York's finest families and has been a decisive factor in their children's success and well-being for more than a decade. The time has come to offer the same opportunity to the rest of the country and the rest of the world for that matter." Mr. Bellen continued, "Through HiArt! Worldwide, we intend to aggressively expand the HiArt! brand by opening multiple centers nationwide, expanding its publishing presence, and exploring television projects." 

About New Bastion Development, Inc. 
New Bastion (www.newbastiondevelopment.com) is a development stage company that has been involved in real estate in Northwest Florida for the past 3 years based upon expectations that the opening of the new airport would attract visitors and potential new residents from all parts of the U.S., Canada and Europe as well as new commercial development and investment. However, due to the recent oil spill in the Gulf of Mexico, the Company has recently announced that it was going to place on hold all of its real estate activities until the ramifications of the recent Gulf of Mexico can be determined.

About HiArt! Kids, Inc. 
Now beginning its fourteenth year, HiArt!, lead by Cyndie Berthézène, its founder, has been the arts program of choice for many of New York's most celebrated families (www.hiartkids.com). Introducing children as young as 15 months old to the arts, HiArt! fosters an appreciation of the arts as a form of individual expression, while inspiring children to make choices, think independently and develop intellectual and aesthetic faculties. The program is distinguished by an inspired, interdisciplinary curriculum that integrates musical masterpieces, hands-on arts and movement. Over the past five years, Ms. Berthézène made HiArt!'s formidable programming available to at-risk children in some of New York City's most underserved public schools. In 2005 she founded THE TIME IN CHILDREN'S ARTS INITIATIVE, a New York-based non-profit organization providing the identical HiArt! programming to 200 public school children from Harlem and the Bronx (using HiArt!'s proprietary materials). Mr. Bellen has served on Time In's Board of Directors since the organization's inception.

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

  • Contact:
    Elliot Bellen
    866-541-0625