Just got this in my E-mail:
Profit Central - maui.net
MBHC, Mortgage Bankers Holding Corporation, Pittsburgh, (MBHC OTCBB) Doing
business as National Institute Companies of America (NICA). We are very
excited about this new selection, it's always like finding a pearl in an
oyster. Subsidiaries include National Institute for Estate Planning,
Employee Benefits, Retirement Planning, and Financial Services. This
family of companies offers services and producing fee income for Community
and Independent Banks on an equal and superior performance basis to the
largest banks in the nation. They have structured their business to assist
banks and bank holding companies in planning design and implementation of
an insurance marketing program and financial planning profit center within
the bank. They have 14 years of proven success in selling Financial
Products and offering Estate Planning seminars to banks and customers. The
community consists of about 5,500 banks; NICA (MBHC) is the exclusive
endorsed provider for about 2,000 of these banks with about 37% of market
share. NICA is the number one fee generator for the State Associations.
The MBHC Corporation has recently signed a deal with Strong Funds Mutual
Fund Family ($30 billion in assets), to be the sole provider of Estate
Planning for its customers with a net worth over $250,000. They have also
signed a deal with Clarke-Bartis. The corporation has reduced its debt
from $4 million to only $300k through greatly improved business practices!
In addition, they have hired a PR Firm.
MBHC has currently signed a “non binding letter of intent” to merge with
Boomers.Com, a business and web site that is receiving 25,000 hits per day
with a customer profile that fits MBHC. They have opened their own web
site as well. nicoa.com and Boomers is at
boomers.com
The stock price is near the low at about 11 cents, there are 50 million
shares Authorized, 38 mil outstanding and 28 mil in the float. There
appears to be substantial accumulation occurring at these levels in large
blocks. Audited financials are expected next month indicating the
reduction of the $4 mil in debt to now profitable numbers. Estimated
income from NICA alone is said to be forecast at $16 million! The company
is due to meet eligibility requirements mid year, yet is scheduled to file
probably this quarter, well ahead of schedule.
In summary we have a company in a major turnaround phase, and at a low in
stock price. Major reduction in debt, several big deals on the table and a
very aggressive stance to the future! We will be adding MBHC to our
portfolio. The stock will be added to Profit Central site, late tomorrow.
PC Staff
______________________________________________________________________
To unsubscribe, write to ProfitCentral-unsubscribe@listbot.com
Start Your Own FREE Email List at listbot.com
|
