Carson City, NV (PRWEB) February 06, 2012
Bancorp International Group Inc. (OTCBB: BCIT, the “Company”), announced today that effective as of the opening of business on February 15, 2012, the Company will require the mandatory exchange of all existing common stock certificates issued with or under CUSIP number 05968x106 for new stock certificates with the CUSIP number 05968x205.
This exchange is to resolve certain issues affecting the settlement of trades in its common stock, provide clarity and uniformity in the market place and to ensure the security of all legitimate shareholders of the Company.
The Company confirms previous statements requiring that each new common stock certificate bear the name Bancorp International Group Inc, Cusip number 05968x205 and name of the beneficial owner.
The correct & current cusip number 05968x205 was issued by the S&P cusip division on January 9th,, 2006 and has been communicated to the market place on several occasions including a NASDAQ PR dated November 1, 2006.
The company hereby requires that all persons, corporations and/or other legal entities in possession of stock certificates bearing the Cusip number 05968x106 in the original names of NEC Properties Inc, March Indy Inc and Bancorp International Group Inc, must tender these certificates immediately to the Company`s stock transfer agent Empire Stock Transfer Inc for Certificates depicting the name Bancorp International Inc and the current cusip number 05968x205.
The exchange will be for a 1 for 1, with the stipulation that the old certificates with the old company names, cusip numbers and design, will be void, shall not entitle the certificate holder to any of the rights of a shareholder, and shall be worthless, non- transferable and non-tradeable in any public or private market or exchange beginning February 24th, 2012 and shall have no value except for the right to be exchanged for new certificates.
Persons who currently hold their shares in brokerage accounts or “street name” are not required to take any further actions to affect the exchange of their common stock certificates, unless otherwise instructed by a broker.
This exchange does not apply to certificates bearing the name Bancorp International Group Inc , Cusip 05968x205.
To complete this mandatory exchange, shareholders in physical possession of certificates bearing the their Bancorp International Group Inc. stock certificate(s) must surrender their old stock certificate(s) to the Company’s transfer agent,
Empire Stock Transfer, Inc.,
1859 Whitney Mesa Drive,
Tel: (702) 818-5898
Fax: (702) 974-1444
Upon receipt of the old certificate, the transfer agent will issue to holders a new certificate with the same number of shares but bearing the name Bancorp International Group Inc with the updated CUSIP number.
Stockholders will not receive new stock certificates until they have turned in their old stock certificates to the transfer agent. Bancorp International Group Inc. will cover the fee for issuing the new certificates.
As a result of the stock certificate exchange, all trades in the Company’s common stock made after the close of business on February 24, 2012, can be delivered only with stock evidenced by certificates bearing the name Bancorp International Group Inc with new CUSIP number 05968x205, as the old CUSIP number will cease to be eligible for trading.
All common shareholders of record as of today are being mailed correspondence regarding the mandatory certificate exchange to the address of record for such shareholder on file with the Transfer Agent.
For further details, please call us or email share-exchange(at)bcit-inc(dot)com.