Castle Technologies Updates Shareholders On Transition of Corporate Share Structure


LONGWOOD, Fla., June 27, 2008 (PRIME NEWSWIRE) -- Castle Technologies, Inc. (Pink Sheets:CSTC) wishes to update its shareholders regarding the transition of the corporate share structure following its acquisition by Imagitrend, Inc., as well as the status of unanticipated delays with stock transfers.

Unbeknown to Castle Technologies prior to the initiation of the merger and acquisition, there existed discrepancies in the stock transfer ledgers between two previous transfer agents. While the value of the amount of shares in questions appears to be minor in nature, it is important that these stock issuances be properly reconciled prior to the Company being able to move forward. The discovery of these unreconciled items occurring at the same time as the merger, name change, and symbol change, have acted to tie the hands of the current transfer agent with respect to stock transfers and issuance.

Current and past management, as well as sub-consultants and corporate council, have been working diligently at resolving the discrepancy the past few weeks. All parties now believe that they have clarified the issues, identified a solution and course of action, and anticipate a resolution to be forthcoming.

"Unfortunately, at the time of the reverse merger, Castle Technologies was unaware of any discrepancies involving IMTD shares," stated David Comeau, CEO of Castle Technologies. "While the short-term delays have been frustrating for many, it is important for those involved in moving the Company forward, to understand our commitment to doing things right from the beginning. We look forward to these administrative items being resolved in the coming days and our being able to affirmatively execute our business plan. We would therefore ask all of our shareholders to please be patient during this time so we may bring this unforeseen problem to a swift conclusion."

Castle Technologies' mission is to become the leading supplier of online gaming software in the industry. It will license its products and services to offshore companies and receive royalties based on usage of the systems and support.

About Castle Technologies, Inc.:

Castle Technologies is a software development and servicing company specializing in providing innovative Web based gaming to the growing international online population. Its market focus is the multi-player poker enthusiast that has continued to spread internationally and grow at a phenomenal rate. The Company will license these products and services to offshore companies, and receive royalties based on the usage of the systems and support in place.

Safe Harbor Act: 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.



            

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