The Penny King's Free and Clear M&A Fund

[thepennyking]

National Institute Companies of America Mulls Tender Offer

PITTSBURGH, Sept. 25 /PRNewswire/ -- National Institute Companies of America (OTC Bulletin Board: NICM - news),
(``NICA''), is announcing today that the company received a friendly tender offer ``for all of the outstanding shares of NICM at
a value of up to ten times book value on the close of business on December 31, 2000.'' The directors and officers of the
Company are evaluating the offer.

The company welcomes comments and suggestions at [e-mail].

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.

Monday September 25, 3:13 pm Eastern Time

Press Release

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.