NEW YORK, Oct. 11, 2005 (PRIMEZONE) -- Bancorp International Group Inc. ("BCIT") (Pink Sheets:BCIT) today announced that it is currently in the process of attempting to restructure its capital base as a consequence of events effecting the company over the last eight months. The group's CEO, Mr. Thomas Megas stated that, this process, if completed will address BCIT 's prime responsibility to its legal shareholders, make the company's shares tradeable and remove counterfeit shares in circulation. These time consuming measures are the necessary steps essential to the company achieving its objectives of completing its filings and effecting a reverse merger.
Thomas Megas BCIT CEO