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Re: Alaman226 post# 18

Sunday, 09/17/2000 3:00:59 AM

Sunday, September 17, 2000 3:00:59 AM

Post# of 88
Press Release
SOURCE: National Institute Companies of America, Inc.
NICA Reports Update on SEC Compliance
PITTSBURGH, Aug. 15 /PRNewswire/ -- National Institute Companies of America, (OTC Bulletin Board: NICM - news; ``NICA''), announced today that it has received SEC comments regarding their Form 10. Management is addressing those comments and will respond to them which will include current quarterly financials. The Company is confident that it is on the appropriate schedule to become fully compliant.

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: National Institute Companies of America, Inc.



Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund, and Janitor for the Global Morass of Debt Instruments.

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