(COMTEX) B: BCIT Makes This Announcement in Order to Correct Inaccurate St
B: BCIT Makes This Announcement in Order to Correct Inaccurate Statements
NEW YORK, Jun 13, 2005 (BUSINESS WIRE) -- Mr. Thomas Megas, President of
Bancorp International Group Inc., trading symbol (BCIT) (Pink Sheets: BCIT),
makes this announcement in order to correct inaccurate statements made
previously by Carter Care Inc, its agents, representatives and others purporting
to represent (BCIT) and Carter Care have completed a reverse merger.
Let it be known that (BCIT) has never entered into any agreement, neither oral
nor written or ever had any contact with Carter Care or anyone associated with
Carter Care prior to 4th June 2005. Also, no such agreement has been entered
into since June 4th 2005. No officer of (BCIT) or any of its controlling
Shareholders have been involved with Carter Care prior to 4th June 2005. Upon
learning of the claimed reverse merger, (BCIT) commenced an investigation which
is still ongoing. Carter Care, upon being informed of the above by (BCIT), and
at the request of (BCIT) issued a statement. The purpose of this statement was
to remedy the incorrect announcements that Carter Care had completed a reverse
merger with (BCIT)
At no time has (BCIT) issued any statement that relates to any merger or reverse
merger in the last six months. (BCIT) has not authorized nor issued any (BCIT)
shares to any person or any legal entity in the last five months. Any shares
issued by Carter Care are without the knowledge and authority of the board of
directors of (BCIT) and its shareholders and are therefore deemed null and void
and constitute no obligation or liability on (BCIT) or its shareholders.
An announcement to this effect has already been made.
(BCIT) is currently undertaking due diligence on several possibilities for a
reverse merger, one of which includes Gold-Oil rights details of which are as
follows. This information would not normally be released but in the present
circumstances full disclosure is appropriate. There are no letters of intent
related to this exercise. Compensation for damages suffered by (BCIT) is an
issue and is being thoroughly pursued by (BCIT) against those whom it considers
responsible.
No direct announcement was made by (BCIT) earlier because of the difficulty of
ascertaining what has transpired. The inquiry is ongoing and (BCIT) will
announce its conclusions as soon as possible.
Thomas Megas
President
Bancorp International Group Inc
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements are based largely on
Bancorp International Group Inc. Expectations or forecasts of future events can
be affected by inaccurate assumptions and are subject to various business risks
and known and unknown uncertainties, a number of which are beyond the company's
control. Therefore, actual results could be differing materially from the
forward-looking statements contained herein. A wide variety of factors could
cause or contribute to such differences and could adversely impact revenues,
margins, profitability, cash flows and capital needs.
SOURCE: Bancorp International Group Inc
CONTACT: Bancorp International Group Inc.
Investor Relations
Barkev Kibarian, 602-770-8147
Copyright Business Wire 2005
-0-
KEYWORD: United States
North America
New York
INDUSTRY KEYWORD: Professional Services
Banking
Finance
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