UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~December~~February 715, ~~2010~~2011 (February 14, 2011)

New Bastion Development, Inc.

(Exact name of registrant as specified in its charter)




Pennsylvania (State or other jurisdiction of Incorporation or Organization)	001-04124 (Commission File Number)	23-1364981 (I.R.S. Employer Identification No.)




11985 Southern Blvd, Suite 191, Royal Palm Beach, Florida		33411
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: 866-541-0625

~~1000 NW 65th Street, Suite 200, Fort Lauderdale, Florida 33309~~ (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 43.0102.

~~Changes~~Unregistered inSales ~~Registrant’s~~of ~~Certifying~~Equity ~~Accountants~~Securities

On ~~November~~February 414, ~~2010~~2011, New Bastion Development, Inc. (the “Company”) ~~dismissed~~agreed ~~its~~to ~~independent~~issue ~~accountant~~5,000,000 ~~Asher~~shares &of the Company's ~~Ltd~~common stock valued at $.015 per share and an option to purchase 2,000,000 shares of the Company’s common stock at prices ranging from $.50 per share up to $2.00 per share to Michael Sydow pursuant to his employment agreement (“~~Asher~~Employment Agreement”) ~~from~~attached ~~its~~hereto ~~engagement~~as ~~with~~Exhibit ~~the Company~~10. 1. The ~~decision~~registrant torelied ~~dismiss~~on ~~Asher~~Section ~~was~~4(2) ~~recommended~~of bythe Securities Act of 1933 since the ~~Company’s~~transaction ~~board~~did not involve any public offering. No underwriters were utilized and no commissions or fees were paid with respect to any of ~~directors~~the above transactions.

~~Asher~~Item ~~audited and reviewed our financial statements as our independent accountants through our year ended January 31, 2000~~5. Asher issued no reports on our financial statements since our year ended January 31, 2000. On November 22, 2000 we filed for protection under Chapter 11 of the United States Bankruptcy Code, and other than with respect to our bankruptcy proceedings, we became dormant until February 2008 when we were purchased pursuant to an order of the United States Bankruptcy court. 02

~~Neither~~Departure of ~~Asher’s~~Directors ~~reports~~or onCertain ~~the~~Officers; ~~financial~~Election ~~statements~~of ~~for~~Directors; ~~the~~Appointment ~~past~~of ~~two~~Certain ~~years~~Officers; ~~contained~~Compensatory anArrangements ~~adverse opinion or a disclaimer~~ of ~~opinion,~~Certain ~~nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.~~Officers

~~During~~On ~~the~~February ~~Company's~~14, ~~two most recent fiscal years and any subsequent interim period preceding Asher’s dismissal~~2011, ~~no disagreements occurred between~~ the Company ~~and Asher on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure that, if not resolved to Asher~~’s ~~satisfaction,~~Board ~~would~~of ~~have~~Directors ~~caused~~appointed ~~Asher~~Michael toSydow ~~make~~as ~~reference to~~ the ~~subject~~president ~~matter~~and ofchief ~~the~~executive ~~disagreement~~officer inof ~~connection~~NB ~~with~~Regeneration, ~~its~~Inc., ~~report issued in connection with~~ the ~~audit of the~~ Company’s ~~financial~~wholly ~~statements~~owned subsidiary.

~~During~~There ~~the~~are ~~Company's~~no ~~two~~arrangements ~~most~~or ~~recent~~understandings ~~fiscal~~between ~~years~~Mr. Sydow and any ~~subsequent~~other ~~interim~~persons ~~period~~pursuant ~~preceding~~to ~~Asher’s~~which ~~dismissal,~~he ~~none~~was ofappointed as the ~~reportable~~president ~~events~~and ~~described~~chief ~~under~~executive ~~Item~~officer ~~304(a)(1)(v)(A)-(D)~~ of ~~Regulation~~NB ~~S-K occurred~~Regeneration, ~~other~~Inc. ~~than~~There ~~the~~is ~~following:~~no ~~the~~family ~~Company’s~~relationship ~~disclosure~~between ~~controls~~Mr. ~~were~~Sydow ~~not~~and ~~effective~~any ~~due~~director, toexecutive ~~its~~officer, ~~inability~~or toperson ~~allocate~~nominated aor ~~sufficient~~chosen ~~amount~~by ofthe ~~its~~Company ~~capital resources~~ to ~~adequately~~become ~~audit~~a ~~and~~director ~~review~~or ~~its~~executive ~~financial~~officer ~~statements, which occurred as a result~~ of the Company’s. ~~limited~~The ~~cash~~Board ~~position~~of ~~during~~Directors ~~the~~has ~~Company's~~no ~~two~~specific ~~most~~committees ~~recent~~of ~~fiscal~~the ~~years~~Board ~~and~~of ~~subsequent~~Directors ~~interim~~at ~~periods~~this time.

~~The~~In ~~Company~~exchange ~~has~~for ~~provided~~serving ~~Asher~~as ~~with~~the president and chief executive officer of NB Regeneration, Inc., Mr. Sydow shall receive as compensation, among other things, a ~~copy~~base salary of ~~the~~$250,000 ~~above~~per ~~disclosures~~annum, ~~and~~which ~~has~~shall ~~requested~~increase ~~that~~to ~~Asher~~$360,000 ~~furnish~~per annum six months following the ~~Company~~execution ~~with~~of Mr. Sydow’s Employment Agreement, a ~~letter~~stock ~~addressed~~award toof 5,000,000 shares of the ~~Securities~~Company’s restricted common stock; and ~~Exchange~~an ~~Commission~~options ~~stating~~to ~~whether~~purchase orup ~~not~~2,000,000 itshares ~~agrees~~of ~~with~~the Company’s common stock at the ~~statements~~exercise ~~made~~price ~~above~~ranging form $0. A50 ~~copy~~per ofshare ~~the~~up ~~letter~~to ~~from~~$2.00 ~~Asher~~per ~~will~~share. beThe ~~included~~5,000,000 shares of common stock vest as ~~Exhibit~~follows: ~~16.~~(i) 1,000,000 toshares anvest ~~amendment~~on September 1, 2011, (ii) 2,000,000 shares vest upon execution of a binding agreement with a bon fide partner to ~~this~~build ~~Current~~a ~~Report~~fertilizer plant as outlined in paragraph 3(b)(ii) of the Employment Agreement; and (iii) 500,000 annually on ~~Form~~each ~~8-K~~Employment Agreement anniversary date. The options vest annually over 4 years in equal installments of 500,000 shares per year as follows: 500,000 warrants vest on each of January 13, 2012, January 13, 2013, January 13, 2014, and January 13, 2015.

OnSince ~~November~~being 4,admitted ~~2010,~~to the ~~Company~~Texas ~~engaged~~bar ~~Salberg~~in &1976, ~~Company~~Mr. Sydow has been a practicing attorney specializing in finance mergers and acquisitions, Penergy and commodities, and complex litigation.A. He ~~(“Salberg”)~~has tostructured ~~serve~~financing asand ~~its~~acquisitions ~~independent~~for ~~registered~~clients ~~public~~in ~~accounting~~a ~~firm~~number of industries, including transportation, communications, health care, energy and entertainment. ~~The~~ He ~~decision~~has tobeen ~~engage~~lead ~~Salberg~~counsel asin ~~the~~cases ~~Company’s~~and ~~independent~~international ~~registered~~arbitrations, ~~public~~arising ~~accounting~~from ~~firm~~maritime ~~was~~disasters, ~~approved~~ship bycollisions, ~~the~~hazardous ~~members~~material ofspills, ~~the~~airline ~~board~~disasters, oftoxic ~~directors~~materials, commodities trading, intellectual property, oil and gas and international trading disputes. He is also experienced in

~~During~~construction ~~the~~law, ~~Company's~~government ~~two~~contracts, ~~most recent fiscal years~~ and ~~any~~utilities ~~subsequent~~regulation. Mr. ~~interim~~Sydow ~~period~~is ~~preceding~~a ~~the~~graduate ~~date~~ of ~~the~~University ~~Salberg’s~~of ~~engagement,~~Texas ~~the~~School ~~Company~~of ~~did not consult Salberg regarding~~ Law.

~~either:~~The ~~(i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the~~ Company's ~~financial~~has ~~statements,~~not ~~and~~entered ~~neither~~into aany ~~written~~transactions ~~report~~with ~~was~~Mr. ~~provided~~Sydow ~~to the Company nor was oral advice provided~~ that ~~Salberg~~would ~~concluded~~require ~~was~~disclosure anpursuant ~~important factor considered by the Company in reaching a decision as~~ to ~~the~~Item ~~accounting, auditing or financial reporting issue; or~~ 404(iia) ~~any matter that was either the subject~~ of ~~a “disagreement” or “reportable event” within the meaning set forth in~~ Regulation S-K, ~~Item~~under ~~304~~the ~~(a)(1)(iv)~~Exchange ~~or (a)(1)(v)~~Act.

Item 57.0301

~~Amendments~~Regulation FD ~~to Articles of Incorporation or Bylaws; Change in Fiscal Year.~~ Disclosure

~~The~~On ~~Company~~February ~~filed~~15, ~~with~~2011, the ~~State~~Company ofissued ~~Pennsylvania~~a ~~articles~~press ofrelease ~~amendment~~reporting tothat it has completed assembling its ~~articles~~management ofteam ~~incorporation~~to ~~changing~~execute ~~its~~the ~~name~~business ~~from~~plan ~~Jetronic~~and ~~Industries~~objectives for NB Regeneration, Inc. toThe ~~New~~full ~~Bastion~~text ~~Development,~~of ~~Inc~~the press release is attached hereto as Exhibit 99.,1 ~~which~~and ~~became~~is ~~effective~~incorporated ~~February~~herein 2,by ~~2009~~reference.

Item 9.01.

Financial Statements and Exhibits

~~Exhibits~~Exhibit

~~The following exhibit is filed herewith:~~ Description

~~Exhibit~~10.1

~~Number~~Employment Agreement

~~Description~~99.1

~~3.1~~Press Release

~~Articles of Amendment~~SIGNATURES

~~SIGNATURES~~Pursuant to the requirements of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

~~Pursuant~~NEW toBASTION ~~the requirements of the Securities Act of 1934~~DEVELOPMENT, ~~the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~INC.

~~NEW~~By: ~~BASTION~~/s/ Elliot ~~DEVELOPMENT, INC.~~Bellen_

~~By: /s/~~ Elliot ~~Bellen_~~Bellen,

~~Elliot~~Chief ~~Bellen,~~Executive Officer

~~Chief~~Dated ~~Executive~~February ~~Officer~~15, 2011

Dated December 7, 2010

Filing Compare · NEW BASTION DEVELOPMENT, INC.