Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: myturn who wrote (41629)	4/5/2000 10:39:00 PM
From: gdog	Read Replies (1) \| Respond to of 150070

RG can i ask you your thoughts on the ipo , will they issue shares to the ipo company ? or do they mean they will put up cash tia gdog PITTSBURGH, Apr 3, 2000 (BUSINESS WIRE) -- Mortgage Bankers Holding Corp. (OTCBB:MBHC), doing business as National Institute Companies of America ("NICA"), announced that the company is in the process of finalizing two strategic alliances, one of which may yield an acquisition by MBHC/NICA before year end. In addition, management of MBHC/NICA has begun to set in motion a series of acquisitions (commencing with the recent acquisition of Continuing Education Associates Inc.) that have been in negotiations for approximately 7 months. Within the time frame of the 2nd quarter and by the end of the 3rd quarter, management is confident that three acquisitions will be finalized providing risk diversification, significantly enhanced earnings and shareholder value. In addition, one of these acquisitions should provide an adjunct target merger that management has negotiated for over a year. Furthermore, because of management's long and personal relationships, MBHC/NICA has been given the privilege of joining three other strategic investors in a $60 million private placement offering in a New York City company that is projected to have their Initial Public Offer in the latter part of this year by one of Wall Street's major investment banking firms. Management is projecting that overall revenues should exceed $75 million and EBIT should be approximately $8,250,000. As previously released, on Wednesday, April 12, 2000, Mortgage Bankers Holding Corp. (symbol:MBHC) will become National Institute Companies of America Inc. (symbol:NICM). 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.