SOURCE: BDC Capital, Inc.

June 15, 2005 17:30 ET

BDC Capital, Inc. Announces Fiscal Year-End Financial Data

MINNEAPOLIS, MN -- (MARKET WIRE) -- June 15, 2005 -- BDC Capital, Inc. (OTC BB: BDCI) today announced total assets as of February 28, 2005, of $935,179 compared with $31,563 for the same period in 2004, total cash as of February 28, 2005, was $260,179 compared with $9,683 for the same period in 2004, Total Stockholders' Equity (deficit) as of February 28, 2005, was $808,036 compared with ($47,735) for the same period in 2004, according to BDC's Form 10-K filing with the Securities and Exchange Commission.

Liabilities were listed at $127,143, versus $79,298 in the comparable period last year. The company reported an accumulated deficit of $4.1 million versus $4.3 million in the period ended February 29, 2004. The company's revenue during the period was not considered material in nature. The full filing can be viewed under its website www.bdccapital.com/.

About BDC Capital, Inc.

BDC Capital, Inc., based in Burnsville, MN, is a Business Development Company under Section 54 of the Investment Company Act of 1940. BDC was established December 10, 2004, with the purpose of building an investment portfolio consisting of revenue generating assets and emerging companies well-positioned for future growth. The company's web site is at http://www.bdccapital.com/.

Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. BDC Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.

Contact Information

  • The Carideo Group Inc.
    1050 One Financial Plaza
    120 South Sixth Street
    Minneapolis, Minnesota 55402

    Tony Carideo
    (612) 317-2880
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