SOURCE: New Bastion Development

April 12, 2011 07:00 ET

New Bastion Development, Inc. Subsidiary Receives Feasibility Report

ROYAL PALM BEACH, FL--(Marketwire - Apr 12, 2011) - New Bastion Development, Inc. ("New Bastion") (PINKSHEETS: NWBA) announced today that NB Regeneration, its wholly-owned subsidiary, had previously retained Jacobs Consultancy to develop a preliminary facility configuration and economic forecast for one of its planned fertilizer facilities in Central America. Pursuant to its agreement with the Company, Jacobs has delivered its final report which NB Regeneration believes bears out the financial viability of the project.

"We are pleased with the economic prospects afforded NB Regeneration by this project," stated Michael Sydow, CEO. "We intend to immediately take the next steps forward necessary to make becoming operational in Central America a reality."

About New Bastion Development, Inc.

New Bastion (www.newbastiondevelopment.com) is a development stage company that has been involved in real estate and real estate development 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. Additionally, it has formed NB Regeneration, a wholly-owned subsidiary, to pursue business opportunities relative to the production of nitrogen fertilizers used in the global agricultural market.

Forward-Looking Statements:

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to any number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. Potential investors should independently investigate and fully understand all risks before making investment decisions.

Contact Information

  • Contact:
    Elliot Bellen
    (866) 541-0625