Lewis, Charouhis Commend Board for Their Swift Action, Continue Investigation

Shortly after William N. Charouhis & Associates, P.A., announced it had been engaged by a shareholder of BNCCORP, INC. (“BNCC”) (OTC Markets: BNCC) to investigate possible breaches of fiduciary duty to shareholders and other violations of law by the board of directors of BNCC (“Board”), the Board responded by announcing it had withdrawn the February private placement that was the primary subject of the investigation (the “$1.85 Share Issuance”).

Jamie Lewis, the shareholder behind this investigation, commented, “We are pleased with the swift action by the Board to reverse its earlier decision. This should mitigate some shareholder losses.” “It is certainly a step in the right direction,” added Bill Charouhis, who will be continuing the previously announced investigation on behalf of Mr. Lewis until an appropriate course of action can be determined.

Concerned current or former shareholders who would like more information can contact William N. Charouhis & Associates, P.A. at 305.979.8700.

About William N. Charouhis & Associates, P.A.

William N. Charouhis & Associates, P.A. is a boutique law firm which specializes in complex commercial, securities and civil rights litigation.

About Jamie Lewis

Jamie Lewis, Chief Executive of Lewis Warburg Inc., has been a multi-strategy, multi-asset class investor for over 15 years. His relevant active, event driven experience, includes participation as a principal, executive, advisor and/or board member to public and private companies. His experience includes friendly negotiated mergers & acquisitions, hostile proxy fights, turnaround situations and leading growth companies. He has managed companies with over $5 billion in assets and over 350 employees. He strives to enhance shareholder value, emphasizing a character first approach with a clear understanding that customers and employees are a company’s most valuable assets.

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