SOURCE: BDC Capital, Inc.

March 24, 2005 08:30 ET

BDC Capital, Inc. Receives First Round Financing and $16.5 Million Equity Line

MINNEAPOLIS, MN -- (MARKET WIRE) -- March 24, 2005 -- BDC Capital, Inc. (OTC BB: BDCI) announced today that it has received first-round funding of $725,000 followed by a $16.5 million equity line from new and existing investors.

BDC Capital signed agreements for the equity line in February. Under the terms of the agreement, BDC Capital may elect to receive as much as $16.5 million from the investors in common stock purchases over the next two years.

"The financing is an important step for BDC Capital," said Richard Pomije, BDC's Chief Executive Officer. "It enables us to accelerate our development efforts and will position us to acquire a strategically related firm or technology that will build our critical mass."

BDC Capital recently announced the initial structure of its investment portfolio and its plans to make additional synergistic acquisitions, positioning the company to provide value to its shareholders.

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

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