Bancorp International Group Inc (fka BCIT)

[janice shell]

Forget for the moment that it would be unfair to the genuine shareholders of BCIT because of the massive dilution that would be forced on them. Despite the fact that they nor BCIT had anything to do with all the illegal shares on the market. BCIT has no responsibility whatsoever for the illegal shares.

As I noted a little while ago, Megas and Stewart Sytner control the company by a vast majority. Very few of the original March Indy shareholders are left.

From: <[e-mail]>
To: [e-mail], [e-mail], [e-mail]
Subject: Re: various
Sent: Monday, May 23, 2005 8:29 PM

Thank you for your attentiveness and I shall convey all to Tom. As I stated to Mario on several occasions, I need various documents in order to prepare a proper indemnification if all can be resolved. 1. copy of initial LOI signed by both parties 2. Any and all agreements and documents exchanged between the parties. 3. copies of any wires,checks or payments made by and or on behalf of CARTER . 4. copy of minutes, resolutions, agreements or contracts entered into by either party. 5. Copy of Stock certificate along with printers name, address and tel. number. 6. copy of all invoices, bills, accounts payable or A/R. 7. An accurate list of all shareholders/ investors and Directors. A copy of the resignation of each Director and cancellation and acceptance of any agreement or employment contract.
The expense of cancellation of shares and the recall and reprinting of certificates with accounting is part of the estimate I furnished you. I appreciate Mario's over - simplification of the process that is required, however, correcting the damage is more costly. The accountant has advised me that once everything is done, a special "K" report will need to be filed with full disclosure. Be it as it may, we need to resolve this ASAP. your cooperation is appreciated
stewart