SOURCE: BDC Capital, Inc.

May 10, 2006 10:00 ET

BDC Capital Shareholders Grant Board Request

MINNEAPOLIS, MN -- (MARKET WIRE) -- May 10, 2006 -- Shareholders of BDC Capital, Inc., (OTC BB: BDCI) last week authorized its board of directors to withdraw at its discretion the company's election to be treated as a BDC under Section 54 of the Investment Company Act of 1940. The board has until November 3, 2006, to execute the change in status without further shareholder action. BDC Capital's board had sought the approval so that the company has the option to directly operate its subsidiaries and assets rather than functioning as a closed-end investment company.

In other action, the board approved the reelection of the company's directors: Richard A. Pomije, BDC Chief Executive Officer; Dan Janisch, President of Black Diamond Capital, Inc.; and Jeff Mills, Business Development Consultant with Xerox. It also approved the appointment of Carver Mooquist & O'Connor as the company's independent auditors.

"With this shareholder approval, BDC Capital is positioned to best manage its growth and to leverage its assets as emerging opportunities in the technology and communications sectors dictate," Pomije said.

About BDC Capital

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.

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