LONGWOOD, Fla., April 28, 2008 (PRIME NEWSWIRE) -- ImagiTrend, Inc. (Pink Sheets:IMTD) is pleased to announce that the Company has changed its name to Castle Technologies, Inc. (Pink Sheets:CSTC) and will begin trading under the new symbol (CSTC). This corporate action will take effect at the open of business today, April 28, 2008. Shareholders are required to take no action to receive new shares.
The name and symbol change were made to better reflect the recent acquisition of Castle Technologies, Inc., a company that specializes in providing innovative solutions to the growing international online gaming industry. This acquisition will open new revenue streams for the Company as it is estimated that the online gaming industry will hit $48 billion by 2010 and top $125 billion by 2015.
Castle Technologies has unique gaming software that provides all the features and security levels to compete with the competition in the gaming industry, and differentiate itself with its ability to pay progressive payouts on played poker hands -- a first in the industry. The company has positioned itself to carve out a significant segment of the online gaming market and license its software to offshore corporations that have the legal means to conduct online gambling activities.
"We are excited to change the focus of the Company and begin working to establish ourselves in the online gaming market. The Company will initially focus on online poker software, but will expand to develop other gaming software in the future," stated Mark Kaley, Chairman of the Board, President and CEO of ImagiTrend, Inc.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.