here's the reasons that i'm heavy into mbhc, load up will the price is down...
Profit Central - maui.net
Many of you have recently asked about MBHC. Several have requested a
review of why this stock is so great. The following is a list of those
reasons. This is one of those opportunities where, if you know the facts,
it's a NO BRAINER IMO.
MBHC, Mortgage Bankers Holding Corporation, Pittsburgh, (MBHC OTCBB) Doing
business as National Institute Companies of America (NICA). 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.
MBHC is the number one fee generator for the State Associations. The 1933
Glass Steagall Act was passed to separate banks from insurance companies
and investment firms. Nearly seventy years later, on October 22, 1999,
?Congress reached agreement to radically overhaul the nation?s banking
laws so that banks, securities firms and insurance companies can move into
one another?s lines of business . . . . This compromise will repeal the
1933 Glass Steagall Act? (Stockwire.com, October 25, 1999). With this
recent legislation, banks and insurers may expand their business
environment without restriction and the National Institute Companies of
America, Inc. (MBHC) paves the way.
1. MBHC recently announced that it has entered into an agreement with
Oxford International Inc. (www.oxfordint.com) whereby Oxford International
Inc. has agreed to place a secondary offering of $20 million. Management
warrants that 100% use of proceeds is expressly for the purpose of
mergers, acquisitions and growth.
2. 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 2 PR Firms.
4. 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
5. MBHC announces the acquisition of Continuing Education Associates, Inc.
(CEA). Continuing Education Associates, Inc. (CEA) specializes in
continuing education to estate and financial planning professionals, along
with bank management and their key personnel. CEA provides services to
those organizations that require their personnel to obtain certain
continuing education credits as a condition of forward employment and/or
to satisfy mandatory licensing requirements. This acquisition is
strategic to NICA's expansion under the Glass Steagel Act as this division
will be responsible for training and development of the NICA sales force
as well as providing the mandatory C.E. credits for each state banking
association, thereby expanding the Companies bank presence.
6. The NASDAQ has approved the name change and new symbol from Mortgage
Bankers Holding Corp. (MBHC) to National Institute Companies of America
(NICM) effective Wednesday, April 12, 2000.
7. The Company remains well ahead of schedule for the Form 10 filing,
pending the release of the final independent audit. Management is
confident that as these formal filings are released, shareholders will be
pleased with the Company's performance and outlook.
8. The stock price is currently at a technical low of only about 42 cents,
there are 50 million shares Authorized, 38 mil outstanding and 28 mil in
the float. Audited financials are expected any day 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
well ahead of schedule.
9. 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,
they have entered into a new area of business and captured 37% of the
market share, they have $20 million available for acquisitions and growth,
and a very aggressive stance to the future. Short-term price target has
been set by one of the PR firms at $3. and management has their eye set on
the NASDAQ.
PC Staff
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements which are not historical facts contained in this
press release are forward-looking statements that involve certain risks
and uncertainties including but not limited to risks associated with the
uncertainty of future financial results, regulatory approval processes,
the impact of competitive products or other uncertainties detailed in the
Company's filings with the Securities and Exchange Commission.
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