To: Jim Bishop who wrote (42679 ) 4/12/2000 10:36:00 AM From: gdog Respond to of 150070
News out on NICM, was MBHC, changed symbol today...People You have to take a look at this one... thanks gdog PITTSBURGH--(BUSINESS WIRE)--April 12, 2000--National Institute Companies of America (OTCBB:NICM) announced a buyout of Oxford Investment Services, Oxford International Inc., ("Oxford"). As a result of continued dialogue with Oxford, as it relates to NICA's secondary offering with a regional investment banking firm, many synergy's have arisen wherein NICA has agreed to a buyout of Oxford (www.oxfordint.com) on a contingency formula. The transaction consists of stock and cash, with all stock issued under appropriate rules, regulations and restrictions, and the cash portion based on a percentage of Oxford's earnings. Oxford will be known as National Institute for Corporate Finance and brings to NICA a current $250 Million dollars in deal origination, projected earnings of $6 Million dollars, and investment banking fees. The buyout of Oxford puts NICA on track to exceed expected revenues and earnings and provides the Company with extended latitude for additional potential, targeted acquisitions and takeovers. NICA is a diversified holding company that 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 and has expanded business operations to include investment banking services and continuing education. 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.