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Gold/Mining/Energy : BCB VOICE SYSTEMS INC. (c.BIV) -- Ignore unavailable to you. Want to Upgrade?

To: D. Peter Vanderlee who wrote (165)	6/10/1998 3:33:00 PM
From: D. Peter Vanderlee	Read Replies (1) \| Respond to of 440

BCB Reports Completion of Previously Announced Private Placement MARKHAM, ONTARIO--BCB Holdings Inc. reported today it has completed a previously announced private placement of $510,000, principal amount, 12 percent unsecured Notes due May 31, 2000, convertible into common shares of the Company. The proceeds of this issue will primarily be used to finance the build of the first 1,500 "PC-DART micro" digital hand held recorders to be launched by BCB this summer. Ken Murton, Chairman and CEO of BCB stated, "This issue was placed with several directors and officers of the Company, on a non-arm's length basis, and with one major, outside investor, on an arm's length basis." He added, "The Notes are fully convertible at the option of the holder at any time on or before May 31, 1999 into common shares of BCB at a price of $0.20 and, if not converted during this period, at a price of $0.25 thereafter and on or before May 31, 2000. Each $1,000 principal amount of Notes will bear non-transferable warrants entitling the holder to purchase up to 2,500 common shares of the Company at a fixed price of $0.25 at any time on or before May 31, 2000." Murton noted, "As already reported to shareholders, successful completion of current discussions with prospective strategic alliance partners should have a positive impact on BCB. Pending completion of such an alliance (and no guarantee may be given at this time as to consummation or timing of any alliance), we at BCB elected to complete this interim financing to permit introduction of our dynamic new product, the PC-DART micro." BCB Holdings Inc. owns and operates BCB Technology Group, a developer of innovative systems and services in computer-based voice processing markets, and Granville Research Inc., which designs and implements Internet-based networks. BCB means Better Communication in Business.