SOURCE: BDC Capital, Inc.

June 15, 2005 18:36 ET

BDC Capital, Inc. Announces Modification of Reverse Split

MINNEAPOLIS, MN -- (MARKET WIRE) -- June 15, 2005 -- BDC Capital, Inc. (OTC BB: BDCI), a Minnesota-based business developing company, today announced that it would modify its previously announced reverse split of its common stock to account for changing market conditions.

In April, the company announced that it was electing to undertake a 1 for 100 reverse stock split of its common stock in order to increase its share price and allow for increased financing options. Since that time, however, changing market conditions, the strength of the company's portfolio holdings and potential future acquisitions, the Board of Directors has reconsidered the size of the reverse split.

The company said that the BDC Board of directors is considering a significantly smaller reverse split. The decision on the size and timing of such a split will be announced shortly. The company believes this change will increase shareholder value in the coming months.

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
    E-mail: Email Contact
    or Email Contact