They are pushing hard, here's the latest:
Profit Central - maui.net
MBHC, Mortgage Banking Holding Corp, DBA NICA (MBHC OTC BB)
We are continuing to add to our portfolio at current prices. It is
important to understand the aggressive stance this company has taken.
Recent changes in banking laws allows their tremendous expansion! Just
reviewing the new management team is enough to get your juices flowing.
Exclusive deals with $30 billion dollar Strong Fund and Clarke-Bardes.
Pending merger with Boomers.Com, substantial reduction in debt and a major
turn around in progress. Add in the 2 new PR Firms that are just beginning
an agressive marketing campaign and you have the makings of a radpidly
rising stock price, IMO.
When you think of banking, you don't automatically think of "Products",
but that's just what this company offers: Products for the banking and
financial planning industry.
MBHC now doing business as National Institute Companies of America (NICA).
Subsidiaries: National Institute for Estate Planning, Employee Benefits,
Retirement Planning, and Financial Services.
Offers services to Community and Independent Banks on an equal and
superior performance basis to the largest banks in the nation.
Assist banks and bank holding companies in planning design and
implementation of an insurance marketing program and financial planning
profit center within the bank.
Fourteen years of proven success in selling Financial Products and
offering Estate Planning seminars to banks and customers.
Market includes about 5,500 banks. NICA (MBHC) is the exclusive endorsed
provider for about 2,000 of these banks (about 37% of market share). The
number one fee generator for State Banking Associations.
Remarkable Management Group! Read Their Story!
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.
Have also signed another 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. Rumor has it that the CEO wants to
be ready for NASDAQ listing by the end of the first quarter of 2000!
MBHC has recently 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.
nicoa.com MBHC (NICoA) has opened their own web site.
The company is positioned to lead the industry due to New Banking Laws.
More Info:::
Stock price is currently very undervalued.
50 million shares authorized.
38 million outstanding.
28 million in the float.
Substantial accumulation occurring at these levels, in large blocks.
Audited financials are expected next month indicating the reduction of the
$4 million in debt to now profitable numbers. Estimated income from NICA
alone is said to be forecast at $16 million! 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.
Rumor has it, there are a couple of big pending activities to be announced
very soon.
PC STAFF
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