BDCI - BDC Capital, Inc. Announces Reverse Split
Wednesday September 6, 5:01 pm ET
MINNEAPOLIS, MN--(MARKET WIRE)--Sep 6, 2006 -- BDC Capital, Inc. (OTC BB:BDCI.OB - News) today announced a reverse split of its common stock on a 1 for 75 basis. The company's board of directors unanimously approved the reversal in a meeting held earlier today.
Also today, the company announced that effective August 31, 2006, it had become an operating company rather than a business development company. That action was taken because BDC Capital has changed its business plan to become a multiple-site online social-networking portal.
About BDC Capital
BDC Capital, Inc. is based in Burnsville, MN. 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.
Contact:
Contact:
Marcia Appel
(952)890-2362
Email Contact
--------------------------------------------------------------------------------
Source: BDC Capital, Inc.