BlueFire Research Announces New Investment Opinion on BNCCORP.Business Editors & Analysts NOTE TO EDITORS: The following is an investment opinion issued by BlueFire Research MINNEAPOLIS--(BUSINESS WIRE)--Oct. 24, 2002 BNCC BNCC Base Network Control Center Receives OUTPERFORM Rating BlueFire Research, an SEC registered investment adviser affiliated with BlueFire Partners, today announced a new investment opinion on BNCCORP, Inc. (Nasdaq:BNCC $5.91), a bank holding company headquartered in Bismarck, North Dakota Bismarck is the capital of the State of North Dakota, the county seat of Burleigh County, and the second most populous city in North Dakota after Fargo. Its population is 58,333 (July 2006 est.).[1] Bismarck was founded in 1872. . BlueFire Research has initiated coverage of BNCCORP with an OUTPERFORM rating. "BNCCORP has returned solidly to the black by earning nearly $1 million in the third quarter. We believe the purchase of Phoenix-based Milne Scali & Company along with its geographic loan dispersion will help improve its financial performance long term," said Philip Wright, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , Research Director for BlueFire Research. BNCCORP, Inc., headquartered in Bismarck, N.D., is a bank holding company that serves numerous communities in North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). , Minnesota and Arizona through its wholly owned bank subsidiary, BNC (hardware) BNC - A connector for coaxial cable such as that used for some video connections and RG58 "cheapernet" connections. A BNC connector has a bayonet-type shell with two small knobs on the female connector which lock into spiral slots in the male connector when it is twisted National Bank. The Company also provides a wide array of insurance and brokerage services through BNC National Bank subsidiaries BNC Insurance, Inc., Milne Scali & Company and BNC Asset Management, Inc. BNCCORP, Inc. provides a wide variety of traditional and nontraditional banking products and services in order to meet the financial needs of its current customer base and to establish new relationships in the markets it serves. For more information and a copy of the report, please send an electronic mail message to director@bluefireresearch.com, or telephone (612) 344-1000. The report is also available online at www.bluefireresearch.com, or through Thomson Financial's First Call Direct(R). About BlueFire Research BlueFire Research is an SEC Registered Investment Advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in and subsidiary of BlueFire Partners, Inc, a research driven boutique capital markets firm based in Minneapolis, with an additional office in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . BlueFire Research was formed in January 2000 to provide investment research on small capitalization growth companies in health care, technology, telecommunications, financial institutions, consumer, and industrial growth sectors. BlueFire Research provides ongoing analyst coverage including reports and periodic updates to investment professionals and the investment community on mid-cap, small-cap and micro-cap companies who, in most cases, are clients of BlueFire Partners. The reports on companies who enjoy full coverage include earnings estimates and recommendations based on fundamental and relative valuation models. BlueFire Research reports are made available to more than 2,000 institutional money management firms, representing 30,000 portfolio managers and buy-side analysts Buy-side analyst A financial analyst employed by a nonbrokerage firm, typically one of the larger money management firms that purchases securities on its own account. , through Thomson Financial's First Call Direct(R). About BlueFire Partners BlueFire Partners is committed to increasing the market value of client-companies by focusing on independent, fundamental equity research, capital markets advisory, including valuation and merger and acquisition advisory, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and strategic management counseling. The report on BNCCORP, Inc. was prepared, commissioned and/or sponsored by BlueFire Research, Inc., a Registered Investment Adviser, and an affiliate of CorCom Companies, Inc. dba BlueFire Partners. It is the mission of BlueFire Partners and BlueFire Research to identify public companies that they believe are under-followed and undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . As a result, research prepared by, or coverage commissioned and/or sponsored by BlueFire Research, will tend to have a strong bias toward positive investment recommendations. Unless otherwise noted, BlueFire Partners provides capital markets advisory and other consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to the subject-company of the report. However, the subject-company of BlueFire Research coverage pays no direct fees or compensation to BlueFire Research or BlueFire Partners for coverage. No officer or employee of BlueFire Partners or BlueFire Research owns securities in covered companies unless otherwise and specifically disclosed. In no cases will BlueFire Research analysts or analysts commissioned and/or sponsored by BlueFire Research own any securities in covered companies. Compensation paid to analysts by BlueFire Partners and/or BlueFire Research is fixed and not affected or conditioned by the stock price performance of covered companies or the dollar amount of capital markets advisory business the companies do with BlueFire Partners. These reports are for information purposes only and do not constitute an offer or solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy or sell any securities. The information provided in these reports, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. |
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