FREEPORT, N.Y., April 28, 2015 (GLOBE NEWSWIRE) -- Castle Holding Corp. (Pink OTC Markets:CHOD) (the "Company") is pleased to announce the following steps have been taken to further the Company's ambitions:
1. The Company now has an unrestricted liquid asset position in excess of $300,000.00 This amount is just a first phase of planned corporate capital expansion to grow our Company for its shareholders.
2. The Company has activated a dormant subsidiary and changed its name to SAS Health and Beauty Corp. (SAS). SAS is expected to be the foundation subsidiary to market unique and new health and beauty products to what is a well-known multibillion dollar market place. The first product entry, SAS Flower of Youth™ Facial Lift Spray, is focused at this video link http://www.mysasyouth.com
The Company expects a soft launch for this product around the third quarter of 2015.
3. The Company also expects to begin the funding of its Shark Venture Capital, Inc. (Shark) subsidiary to accredited investors in the near future. Shark believes this exciting concept of funding entrepreneurs places it as a ground level opportunity for future growth. Highlights of the Shark venture can be seen at http://www.sharkventurecapital.com
Entrepreneurs are invited to contact us for further guidance.
The Company believes the achievements outlined above could be the start of showing the new progress in 2015 and beyond that all shareholders desire.
As previously reported, the Company objective is to increase visibility of the Company as well as to formulate a plan of action to build the Company into a leading edge merger and acquisition model. That model could take the form of improvement that is currently employed by a publicly owned holding company investment manager like Berkshire Hathaway, Inc. Another possible improved model could be in the bettering of a business development corporation format like Main Street Capital Corporation.
This press release contains certain "forward-looking" statements, defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the company. This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
CONTACT: Castle Holding Corp. 18 East Sunrise Highway Suite 311 Freeport, NY 11520 PHONE: 516-379-5389 Company website: http://www.castleholdingcorp.com e-mail: email@example.comSource:Castle Holding Corp.