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To: Zakattack who wrote (27340)6/25/1998 9:26:00 AM
From: Alan Lions  Read Replies (1) | Respond to of 34592
 
PRWT, info from Yahoo>>>
Jun 24 1998
11:09PM EDT

Checked with John Schmitz, chairman of PRWT. PRWT stands alone and is doing fine. There web sit will be
up on Monday. Here are the latest things going for it.

It is only $.074 and should rise materially.

Lots of interest from some major investment firms interested in the mortgage business this company has a lock
on.

Securities firm acquired today opens many other doors. They plan an expansion which will bring them to $30
million in revenues shortly.

Mortage business, with government guarantees, lined up in four countries exceed $1 billion.

New catalogue division will put 100,000 Video Phones with credit card swipes in 100,000 doctors and dentist
officer nationwide.

US mortgage business about be be expanded with national chain of 4,500 real estate reps coming on board.

Acquisitions of rehab companies and contractors close to being finalized.

Major insurance company wants to do a joint venture and several other property and casualty insurers might
be interested in being acquired.

Expect to see $.20 per share shortly.



To: Zakattack who wrote (27340)6/25/1998 9:29:00 AM
From: Big Dog  Respond to of 34592
 
OK, you want one that will make money. You can't hold on for more than a day. Well, here is one that should run. A great deal of people including myself like this company long and realize that this release is only the precurser to the blockbuster earnings to follow.

MBHC, it will go.

BIG DOG

Thursday June 25, 7:00 am Eastern Time
Company Press Release
Mortgage Bankers Holding Corp. Announces Preliminary Audit Figures
CARNEGIE, Pa.--(BUSINESS WIRE)--June 25, 1998--Mortgage Bankers Holding Corp.(OTC BB:MBHC) has announced that it has received preliminary consolidated audit figures to be released in a final audit within the next two weeks.

The company's net earnings show a loss of $1,912,810 for 1997, which is inclusive of the total cost expended by the company to go public which will be a non-recurring expense. The balance sheet, however, shows a substantial asset base through MBHC's investment in the Growth Fund Partners Inc., a $3.5 billion contrarian fund.

The figures are preliminary only and are subject to final review by the company's independent auditors.

Raymond P. Sobieralski, Chairman/CEO of MBHC commented, ''We have been working long and hard to finalize our audit and resolve issues with respect to valuation of company assets. It now appears the end is in sight and we should have our final figures shortly.''

More information on the preliminary figures can be obtained by calling M&A West Inc. (Investor Relations) at 650/588-2678 or through the MBHC website at www.mbhc.com within 72 hours of this release.

Mortgage Bankers Holding Corp. is a diversified technology-based financial services company, which, through its subsidiaries, Mortgage Bankers Service Corp., Pinnacle Insurance & Investment Group Inc., International Auto Funding Corp., National Settlements Inc., and Commonwealth Capital Investment Corp., utilizes data transfer and exchange to offer a full spectrum of financial and asset management services and products.

Financial statements in this press release other than historical facts are ''forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results.

--------------------------------------------------------------------------------
Contact:
Mortgage Bankers
Raymond P. Sobieralski, 888/BANKER1
or
M&A West, Inc.
Scott Kelly, 650/588-2678
www.mawest.com

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