To: MelF who wrote (879 ) 6/1/1998 1:19:00 PM From: MoneyMade Respond to of 8798
CIGARS ANYONE???? SDCC BancPro Inc. Acquires Stock in Scottsdale Cigar Company and Provides Financing for Growth Business Wire - April 17, 1998 13:36 %BANCPRO BCPO %ARIZONA %BANKING %MERGERS %ACQ %TELECOMMUNICATIONS V%BW P%BW Jump to first matched term TEMPE, Ariz.--(BUSINESS WIRE)--April 17, 1998--BancPro Inc. (OTC BB:BCPO) announces a significant transaction with Scottsdale Cigar Company (OTC BB:SDCC) of Scottsdale, Arizona where BancPro has acquired 150,000 of Scottsdale Cigar's common shares, and extended financing to Scottsdale Cigar Company. Scottsdale Cigar Company, along with its wholly owned subsidiary Desert Palm Scottsdale, is a distribution company specializing in cigars, 3M/Imation Sport Film and Cameras, Advil, Banana Boat, Igloo Coolers, and several other products. Scottsdale Cigar distributes their vast product line to grocery stores, convenience stores, and pro- shops. SDCC's clients include, but are not limited to Albertson's Grocery Stores, Circle K, and many more. The Scottsdale Cigar Company is a publicly traded entity. BancPro's chief executive officer, Ross Murphy, said, "BancPro is pleased to contribute to Scottsdale Cigars' plans, and looks forward the SDCC/BancPro affiliation..." Bruce Griffin, president, of Scottsdale Cigar Company stated, "...we look forward to having BancPro as a stockholder, and the BancPro association came at a very strategic time in our business plan." BancPro Inc. is a financial services and investment firm that seeks and funds unique financing opportunities to secure above average rates of return with intermediate size companies that either are public or are in the process of going public, and finances medical services. For more information please call Ross Murphy 888/730-1500. This press release includes statements, which may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward looking statements. CONTACT: BancPro Inc., Tempe Ross Murphy, 888/730-1500 www.bancpro.com