BancPro Inc. Reaches Agreement with U.S. Transportation Systems Inc.TEMPE, Ariz.--(BUSINESS WIRE)--June 23, 1998--BancPro Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BCPO BCPO Board of Certification for Professional Organizers (Dunedin, FL) BCPO Bounded Complete Partial Order ) announced a significant transaction with U.S. Transportation Systems Inc. ("USTS USTS Uplink Synchronous Transmission Scheme USTS United States Training Ship USTS UHF Satellite Terminal System USTS United States Technical Services "). BancPro has reached a settlement with USTS to settle all outstanding issues between BancPro and its related subsidiaries and USTS and its related subsidiaries. Pursuant to the settlement agreement USTS has transferred and delivered 225,000 common shares of Precept An order, writ, warrant, or process. An order or direction, emanating from authority, to an officer or body of officers, commanding that officer or those officers to do some act within the scope of their powers. Rule imposing a standard of conduct or action. Business Services Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PBSIA); also BancPro is to receive additional undisclosed compensation; and is released of all guarantees. Precept Business Services Inc. is a business supplies and document management services company. BancPro's Chief Executive Officer, Ross Murphy, said, "...we are satisfied with this agreement to the extent that it will allow us to further execute our business plan, and should ultimately benefit our shareholders." BancPro Inc. is a financial services firm that finances medical services, and seeks and funds unique financing opportunities to secure above average rates of return with intermediate size companies that either are public or are in the process of going public. For more information please call Ross Murphy 888/730-1500. This press release includes statements, which may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward looking statements.
CONTACT: BancPro Inc., Tempe
Ross Murphy, 888/730-1500
www.bancpro.com
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