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BCT International, Inc. Announces Completion of Going Private Transaction

Monday, December 08, 2003

Press release from the issuing company

FORT LAUDERDALE, Fla.--Dec. 5, 2003-- BCT International, Inc. 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.




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