Wednesday November 10, 12:59 pm Eastern Time
Company Press Release
SOURCE: Mortgage Bankers Holding Corp.
Mortgage Bankers Holding Corp. (MBHC) Announces Name Change to National Institute Companies of America (NICA)
PITTSBURGH, Nov. 10 /PRNewswire/ -- Mortgage Bankers Holding Corp. (OTC Bulletin Board: MBHC - news) today announced that the Company will officially change the name of the Company to National Institute Companies of America (''NICA''), effective in the first quarter of the new year.
''Our timing could not be more impeccable,'' said Kevin Maloney, President of MBHC and NICA, ''considering the notice on Friday, October 22, 1999 that there will be a repeal of the 1933 Glass Steagall Act. This new legislation could create tremendous opportunities for the Company to expand, merge or possibly be acquired by a strategic partner,'' said Maloney.
NICA is one of the largest providers of estate and financial planning products and services to the Community-Independent Banks in the United States and becomes an attractive opportunity for additional market share, in an expanded marketplace.
NICA was founded on the strategy of maximizing revenues for Community Banks on an equal if not, superior performance basis to the largest banks in the nation. The Company is structured to assist banks, bank holding companies and other financial institutions (brokers/dealers, S&Ls, accounting firms, etc.) in the planning, design and implementation of an insurance marketing program and financial planning profit center within the bank or entity.
NICA is the endorsed provider of estate and financial planning products and services for the:
Independent Bankers Association of Texas;
Independent Bankers of Colorado, the;
Community Bankers Association of Illinois and the;
Community Bankers of California, the;
Community Bankers of Kentucky, the;
Community Bankers of Wisconsin and the;
Oklahoma Bankers Association
Texas Funeral Directors Association
Extension Services of Five Major Universities
Colorado State University
Texas A&M University
Washington State University
University of Arizona
University of New Hampshire
NICA has 14 years of proven success in selling financial products and offering estate and financial planning seminars to the banks and bank customers.
In addition, the Company has been presented in each state to the state bar association, state banking commission and state insurance commission for approval and to inform them of the Company's practice, in their state in order to comply with the state's practical law.
The Company can be reached for comments or questions regarding this announcement at:
Investor Relations
Tizo Maduro of Market Pulse Journal, 716-256-6505, ext. 219.
SAFE HARBOR DISCALIMER
Certain statements contained herein constitute forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. Such statements include, without limitation, statements regarding business and financing, business trends, and future operating revenues and expenses. Although the Company believes that the statements are reasonable, it can give no assurance that such expectations will prove to be correct. Investors are cautioned that any forward-looking statements made by the Company, or contained in this profile/research report, contain no guarantee of future performance, and that the actual result may differ materially from those set forth in the forward-looking statements. Difference in results can be caused by various factors including, but not limited to, the Company's ability to be able to successfully complete planned funding agreements, to successfully market its products in competitive industries or to effectively implement its business plan or strategies.
SOURCE: Mortgage Bankers Holding Corp.
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