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NISC caught my attention for several reasons: 1) News release on July 30, 1998 stating that a letter of intent had been signed to merge with Naidger Power Systems. Naidger consists of its U.S. subsidiary, Polcorp Industries, Inc. which has two wholly owned operating companies, Metrix Metal and Metrix Tools, both located in Tczew, Poland. The two Metrix Companies manufacture and tool component parts for industry, and other commercial and consumer products for sale in both domestic and international markets. 2) NISC just filed their latest 10Q on August 13, 1998 in which they turned their first profit 3) Extremely low share numbers (outstanding and float) I am not so much interested in the current NISC as it stands today, but rather in the "soon-to-be" NISC when the merger with Naidger is finalized which will bring a great deal of more revenue, assets, and profits to the company. To my understanding, upon completion of the merger, NISC will sell its present business operations to Max T. Jackson, NISC's chairman. The shell will then consist of Naidger Power Systems and its subsidiaries as well as other pending acquisitions NATIONAL INDUSTRIAL SECURITY CORP. (OTC-BB: NISC) The Company is a Missouri-based corporation providing security guard and related security services to commercial, and industrial clients. In addition to guard services, the Company provides monitoring services for alarm systems. Here is the merger news: July 30 /PRNewswire/ -- National Industrial Security Corporation (OTC Bulletin Board: NISC) (NISCO) headquartered in St. Louis, Missouri today announced the signing of a letter of intent for a proposed merger with Naidger Power Systems, Inc. (NPS) of New York. The proposed transaction is subject to completion of a definitive Merger Agreement and satisfactory Due Diligence by each party. Under the proposed Merger, NISCO will be the surviving corporation, and NPS shareholders will own approximately 78% of the outstanding stock. It is anticipated that if the Merger is completed, NISCO will sell its present business operations to Max T. Jackson, NISCO's chairman. NISCO is a publicly traded company whose common stock trades on the NASD Bulletin Board Quotation system. Naidger Power Systems is a privately owned U.S. corporation. Its U.S. subsidiary, Polcorp Industries, Inc. has two wholly owned operating companies, Metrix Metal and Metrix Tools, both located in Tczew, Poland. The two Metrix Companies manufacture and tool component parts for industry, and other commercial and consumer products for sale in both domestic and international markets. NPS's consolidated Revenues are estimated to be approximately $2.9 million for 1998. Contact: Max T. Jackson, 314-962-1414 Shares o/s: 6,994,000 Float: 1,100,000 52-week range: $.04 - .27 Current: $.19 This thread is for other NISC shareholders and/or potential shareholders to discuss the future of the company and the benefits of the merger for NISC and its shareholders. Boob | ||||||||||||||
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