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Microcap & Penny Stocks : Mortgage Bankers Holding Corp (MBHC) -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (1212)	3/7/2000 8:11:00 AM
From: sheetmillgalvanize	Respond to of 1241

Tuesday March 7, 6:03 am Eastern Time Company Press Release Mortgage Bankers Holding Corp. Enters Into Agreement With Oxford International Inc. PITTSBURGH--(BUSINESS WIRE)--March 7, 2000--Mortgage Bankers Holding Corp. (OTCBB:MBHC - news) doing business as, National Institute Companies of America (``NICA'), 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. NICA management warrants that 100% use of proceeds is expressly for the purpose of mergers, acquisitions and growth. 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. 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 one of the largest providers of estate and financial planning products and services to the Community-Independent Banks in the United States. The company welcomes comments and suggestions at corporate@nicoa.com. 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., doing business as, National Institute Companies of America. -------------------------------------------------------------------------------- Contact: For Mortgage Bankers Holding Corp., Pittsburgh Market-Pulse Journal, Rochester, N.Y. Tizo Maduro, Investor Relations 800/290-8935 or 716/256-6505 ext. 219 info@market-pulse.com -------------------------------------------------------------------------------- More Quotes and News: Mortgage Bankers Holdings Co (MBHC.OB - news) Related News Categories: banking, computers, internet, publishing, telecom -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright ¸ 2000 Yahoo! All Rights Reserved. Privacy Policy - Terms of Service Copyright 2000 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. Questions or Comments?

To: CIMA who wrote (1212)	3/7/2000 5:12:00 PM
From: carromill	Respond to of 1241

MBHC/ MM on-the-bid @.55,after hours instnet > I'm testing the waters @ .60 ask, but may not be an MM on the ask to connect with one of the 200 separate"buy"orders left sitting at the close... I believe this can be called a Momentum development? Tommorrows opening may be with a "big" spread..and immediate walk-downs to SHAKE out whatever they can before letting it go???

To: CIMA who wrote (1212)	3/7/2000 11:33:00 PM
From: MicroKing	Read Replies (1) \| Respond to of 1241

"This announcement appears as a matter of record only Oxford International, Inc., with the assistance of International Mercantile Corporation (OTC-BB-IMTL) has assisted in the completion of $18,000,000. In an Asset Acquisition with Growth Fund Partners, Inc. Mortgage Bankers Holding Corp (MBHC) Financing Structured and Placed by The Oxford Group, Inc." Source - oxfordint.com ------------------------------------------------------------ Source - 1997-1998 financials for IMTL "As part of the assets acquired in this series of transactions, the company acquired 200,000 shares of preferred stock, par value $100.00, of Mortgage Bankers Holding Corp. for 500,000 shares of the company's common stock, with rights to 2,000,000 additional shares subject to terms and conditions of the agreement. Pursuant to the agreement, the transaction was subject to confirmation of value as part of the Company's due diligence process on the assets. The Company concluded its due diligence process and concluded that the value of the assets could not be confirmed. As of December 31, 1997, this aspect of the transaction was rescinded." Link for complete report biz.yahoo.com Now we know GFP is liquid. Good sign that the value is realized in financials. Audit must be done.