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BCT International, Inc. Announces Completion of Going Private Transaction.


Business Editors

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 5, 2003

BCT BCT - Basic Cadet Training (United States Air Force Academy)
BCT - Basic Combat Training
BCT - Bat Conservation Trust (UK)
BCT - Battle Command Training
BCT - Battlefield Command Terminal
BCT - Battlefield Communications Terminal
BCT - Bay City Times (Michigan newspaper)
BCT - Beam Change Trigger
BCT - Behavior Consultation Team
BCT - Best Control Technology
BCT - Best Conventional Pollutant Control Technology (EPA)
 International, Inc. (OTCBB:BCTI BCTI - Battlefield Control Terminal Interface
BCTI - Business Computer Training Institute
) announced today that it has completed its merger with Phoenix Acquisition Corp., a corporation owned by the Company's Chairman and CEO, William A. Wilkerson.

Under the terms of the amended and restated merger agreement approved today by the Company's shareholders, including shareholders holding a majority of the shares not owned by Phoenix Acquisition Corp. and its affiliates, each share of BCT International's Common Stock, other than those held by Phoenix Acquisition Corp. and its affiliates, was converted into the right to receive $2.00 per share, and BCT International became a private company.

BCT International also announced that, in connection with the merger, effective as of the close of business on December 5, 2003, BCT International has voluntarily removed its Common Stock from quotation on the Over the Counter Bulletin Board and trading in its Common Stock has ceased. BCT International has also filed a Form 15 with the Securities and Exchange Commission to de-register the Common Stock under the Securities Exchange Act of 1934.

BCT International, Inc. is a holding company which, through its paper products division and its Business Cards Tomorrow franchises, operates a wholesale printing chain. The Company is headquartered in Fort Lauderdale, Florida and its common stock traded on the OTC Bulletin Board under the symbol "BCTI."

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, product prices and raw material costs, dependence upon third-party vendors, regulatory approvals of the merger and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 5, 2003
Words:371
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