NEW YORK, June 2, 2005 (PRIMEZONE) -- Bancorp International Group Inc. (Pink Sheets:BCIT) is presently involved in an active negotiation to acquire gold deposit rights with an approximate value of one billion (USD). Bancorp expects to complete a letter of intent to acquire these assets and will finalize within ten business days, followed by a definitive agreement.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on Bancorp's expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company's control. Therefore, actual results could be differing materially from the forward-looking statements contained herein. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, margins, profitability, cash flows and capital needs.