BancPro Inc. Receives Intelemedia Communications Stock.TEMPE, Ariz.--(BUSINESS WIRE)--June 12, 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 the receipt of stock from Intelemedia Communications in consideration for services rendered. BancPro agreed to accept approximately 2% of Intelemedia's outstanding shares for assistance in obtaining credit. In consideration for assisting Intelemedia to obtain further credit for their expansion into additional facilities and their purchase of additional equipment, Intelemedia is paying BancPro 30,000 shares of common stock or approximately 2% of the outstanding shares. Intelemedia Communications is a rapidly growing company specializing in the commercial application of Interactive Voice Response (IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. ), and related computer software. Intelemedia expects 1998 sales to grow by over 200% to $2.5 million from 1997 sales figures sales figures npl → cifras fpl de ventas . BancPro's Chief Executive Officer, Ross Murphy, said, "...we are glad that we could help Intelemedia continue their growth. Their creative application of technology is very exciting..." 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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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