On February 09, 2009, Jetronic Industries Inc. changed its name to New Bastion Development Inc.

Effective February 09, 2009, New Bastion Development Inc. changed its OTCPK stock ticker symbol to NWBA from JETO.

Jetronic Industries Inc. reported earnings results for the nine months ended September 30, 2008. The company recorded revenues of $20,000 for the nine month period ending September 30, 2008 and had no revenues during the comparative period ending September 30, 2007. Net Loss increased from $13,311 in the period ending at September 30, 2007 to $250,483 for the nine month period ending September 30, 2008 primarily due to the impairment loss recognized due to the weak real estate market and the extended period of operations. The basic and diluted net loss per common Share Allocable to common shareholders was $0.02 against $0.00 for the same period a year ago. The company appointed Elliot Bellen to the board of directors and also appointed Mr. Bellen as the chief executive officer, effective as of that date. Prior to that, Mr. Bellen served as Vice President of WTEB Management Inc. a Florida corporation that bought and sold more than 1,500 properties annually during his tenure.