Director of Peoples Bancorp of NC Resigns

"
Peoples Bank operates 15 traditional financial offices throughout Catawba,
Lincoln, and Alexander Counties, and two offices in Charlotte, NC designed to
serve the Latino community in that area.
Tools on the foundation's Web site are further refined as well.
Assembling and publishing a free, genetic-genealogy database was
conceived and funded by billionaire biotechnology pioneer James LeVoy
Sorenson, whose visionary goal is to map the entire human family tree
through genetics.

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Abernethy,
Chairman of the board of directors. and Trident Securities, Inc.

Business Editors/Lifestyle Editors/Medical Editors

SALT LAKE CITY----Sorenson
Molecular Genealogy Foundation (SMGF), a non-profit research
organization building the world's most comprehensive database of
correlated genetic and genealogical information, today announced that
it has significantly expanded the data available on its free Web site
and enhanced the research tools for visitors.

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To provide the funding
necessary to construct genetic tools from the information contained
within the database for the purpose of family history research.

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The Company's common stock is
publicly traded over the counter and is quoted on the Nasdaq National Market
under the symbol "PEBK.

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org, can now query a database of more
than 12,000 individual genetic profiles linked to genealogies of more
than 480,000 ancestors representing more than 7,900 surnames around
the world.

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On the Web site, anyone may enter the numerical values from
their own DNA profile into the database's drop-down menus to search
for likely ancestors .

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People researching their family tree on the foundation's
interactive Web site, www.
Then, both the DNA profiles and genealogical information are linked
into the database.

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Tony W. And,
to maintain the integrity of the database content and to ensure it is
used for purposes that will promote peace, compassion and fellowship
among humankind.

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, Ryan, Beck + Co.smgf.

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are market makers for
the Company's shares.

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NEWTON, N.


smgf. This personal DNA profile is obtained by an
inexpensive cheek-swab genetic test offered by many laboratories.org

About Sorenson Molecular Genealogy Foundation

Sorenson Molecular Genealogy Foundation is a non-profit research
organization with the mission: To collect DNA samples within a
genealogical context for creating the world's most comprehensive
correlated genetic and genealogical database.

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Sorenson Molecular Genealogy Foundation Announces Database Expansion Upgrade of Free Ancestry Web Site

"
The new science of molecular genealogy is transforming the popular
hobby of ancestry research because it links individuals to genealogies
using genetic profiles, which eliminates guesswork caused by surname
changes and incomplete historical records .

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In his letter of resignation submitted to
the company, Murray stated that he was resigning for personal reasons.

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, Peoples Bancorp of North
Carolina, Inc." Scott and Stringfellow, Inc. For more information, visit www.

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C.,
Sterne Agee + Leach, Inc. SMGF encourages people to use its Internet database
and contribute their own family history records and DNA profiles to
the project.


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, (Nasdaq: PEBK) the holding company for Peoples Bank, today
announced the resignation of Charles F .
To build the database, the foundation collects samples of DNA from
people all over the world who already have written ancestry records.

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Sites in which the primary focus is the etymology of the surname and its variants, a one-name study or organization, relevant genealogy, or an associated family history .

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"We have improved the Y-chromosome database search function to give
users greater versatility in customizing searches and interpreting
results," said Ugo A.

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Wolfe, Peoples Bank's President,
stated that "the board values Charles' contributions to the bank, and we wish
him well.

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The announcement of Murray's resignation was made by Robert C. Perego, director of operations for SMGF.

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Murray as a director of the company
and bank effective May 23, 2005. "Also,
we have enhanced the database's genetic matching capabilities to
increase the number of results from each query.

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