Welcome to the NWBA — New Bastion Development Inc. Board
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New Bastion Development Inc.
1000 NW 65th St. Suite 103
Ft. Lauderdale, FL 33309
http://www.newbastiondevelopment.com
Phone: 866-541-0625
Fax: 866-508-9913
E-mail: info@newbastiondevelopment.com
OTC Market Tier
Pink Sheets Limited Primary
SIC — Industry Classification
6552 - Subdivisers and developers, misc
Business Stage
Development Stage Company
State Of Incorporation
PA
Jurisdiction Of Incorporation
United States
Year Of Incorporation
1951
Number of Employees
2 as of Dec 31, 2008
SEC Reporting Status
SEC Reporting Company
CIK
0000053500
Fiscal Year End
12/31
Estimated Market Cap
$9,206,521 as of Jan 26, 2010
Outstanding Shares
19,180,253 as of Dec 31, 2008
Authorized Shares
100,000,000 as of Dec 31, 2008
Float(shares)
1,462,990 as of Dec 31, 2008
Number of Shareholders of Record
1,245 as of Dec 31, 2008
Outstanding Shares:
As of November 2, 2009, there were 249,115,902 shares of the issuer's common stock issued and outstanding
Company Officers
Elliot Bellen, CEO, Dir.
Patrick O'Keefe, President, Dir.
Francis Proto, CFO, Dir.
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We are a development stage company that was formed for the purpose of exploiting local real estate opportunities in the Panama City Beach/Marianna, Florida area (the "Panama City/Marianna area") located in Northwest Florida, which is the last major undeveloped area in Florida. This area should be at the forefront of the recovery from the collapse of the general real estate market in Florida?s major cities as a result of its limited supply of existing housing and its bypassing of the rampant unsustainable sky rocketing price appreciation during the real estate bubble. These factors, combined with the anticipated increase in demand for residential properties due to the construction of a new international airport in the immediate vicinity, in addition to other nearby development projects, causes us to believe that there are significant opportunities in the Panama City/Marianna area at this time.
The Company purchased New Bastion Development, Inc, as a wholly-owned subsidiary on 12/29/08 is currently preparing to change its name to New Bastion Development, Inc. to better reflect its business direction. All information can be found in Form 8-K