NEW YORK, Sept. 2, 2005 (PRIMEZONE) -- Bancorp International Group (Pink Sheets:BCIT) ("BCIT") has cooperated fully with the SEC from the first moment of contact between the regulator and the company and has made available to the SEC all materials in its possession relevant to an investigation. The company believes such contact with the authorities who have jurisdiction over these matters will result in resolving the counterfeit share issue.
BCIT will continue to complete its filings progress of which had been severely interrupted by the events of the past 12 weeks and will announce a finite share exchange shortly. The exchange will identify brokerage positions with the hopes of seeing the Customer Protection Rule enforced.
Thomas Megas
CEO