Black Castle Developments Holdings, Inc. Announces Global Force Acquisition; Forecasting Revenue Growth To 35 Million Dollars With Brick And Mortar Coupled With E-commerce
FRESNO, Calif., Sept. 17, 2012 -- Black Castle Developments Holdings, Inc. (Pink Sheets: BCDH), a holding company targeting the acquisition of undervalued, niche companies, announced that its acquisition of Global Force has the potential to bring, to Black Castle, conservative revenues of $5m for the year 2013, $17m for the year of 2014, and $35m for the year 2015. Currently eco.kid's global sales (excluding the United States) are $20m per year. The explosive growth of eco.kid is expected to have products placed in over 50 regional retailers, including TARGET.COM and AMAZON.COM, within the next 30 days. More than 100 organic/health food retailers, including Whole Foods Market and Trader Joe's, are anticipated to begin stocking eco.kid in the third quarter of 2012.
Previously, eco.kid was sold exclusively on an international basis in over 20 countries. Now available in the United States exclusively by Global Force, a soon-to-be 100% owned subsidiary of BCDH. eco.kid is certified organic and FDA-approved as a hair, scalp and skin consumer product in the United States. The product line is specially formulated for children aged 3 to 12 years old. "The power of popular retailers like Target, Whole Foods and Trader Joe's will enable us to quickly begin commercializing eco.kid for the first time in the U.S., one of the world's largest consumers of organic products," Ray Kim, CEO of Global Force.
Blair Waycott, CEO of BCDH added, "Today's health-conscious parents easily recognize the benefits of a product labeled 'certified organic', and FDA-approved also puts us in a unique competitive position. We believe market acceptance for eco.kid will surpass that of Europe and other developed markets, where eco.kid has shown strong sales to-date."
About Global Force, LLC.
Global Force has over 20 years of experience in sales, marketing and distribution with Fortune 500 companies such as Procter & Gamble, The Coca-Cola Company, ConAgra Foods International, NBC Universal, GE, Garuda Indonesia Airlines, Cathay Pacific Airways, and many others. Global Force represents clients in various industries including: consumer products, technology, finance, entertainment and aviation among others. The Company has experience and points of presence spanning five different continents and over 25 countries. For more information, visit www.globalforcellc.com.
About Black Castle Developments Holdings, Inc.
Black Castle Developments Holdings, Inc. ("BCDH") is a holding company focused on the merger and acquisition of undervalued, revenue-generating companies that operate in high-growth niche markets. BCDH plans to leverage its management resources and status as a public entity to assist acquired companies to achieve and/or grow their profitability. For more information, visit www.blackcastledevelopments.com.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
BLACK CASTLE DEVELOPMENTS HOLDINGS, INC.
SOURCE Black Castle Developments Holdings, Inc.