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Nicholas Investment Company, Inc. Announces the Formation of Strategic Alliance with Compass Capital Group.

PR Newswire Jan 20 , 2004

Nicholas Investment Company, Inc. today announced that the Company has formed a strategic alliance with Compass Capital Group of New York City. The agreement calls for Nicholas, through its wholly-owned subsidiary, Javelin Holdings, Inc., to provide consulting services to small public companies in anticipation of those companies receiving funding from Compass Capital.

Nicholas also announced that it has executed a Term Sheet Financing Agreement with Compass Capital to fund up to $5M into the Company for working capital and to acquire additional portfolio companies

Steven R. Peacock, President and Chairman of Nicholas Investment Company, commented, "This relationship with Compass Capital is an excellent opportunity for the Company in that it will provide the funds necessary to complete our investment strategy as well as enhance the scope of available services to Javelin Holdings clients. In both cases, we will be increasing revenues and building shareholder value within Nicholas Investment Company."

About the Company

Nicholas Investment Company, Inc. (http://www.nicholasinvestments.com/) is a business development company whose core focus is to seek out strategic investments in a number of growth industries. The company has acquired 100% of Javelin Holdings, Inc., a small business consulting firm, and has signed a Letter of Intent to acquire 85% of SINO UJE, a non stocking distributor that sells and services western-manufactured high-tech products to markets throughout China. Nicholas Investment Company intends to raise capital for investment into cash-flow positive businesses in targeted fields, and then provide management assistance and growth capital.

To be added to Nicholas' mailing list, go to: http://www.nicholasinvestments.com/mailing.asp.

All statements included in this release, including statements regarding potential future plans and objectives of Nicholas Investment Company, Inc., are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond Nicholas Investment Company, Inc.'s control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially depending on many factors, including those described above. Nicholas Investment Company, Inc cautions that historical results are not necessarily indicative of the future performance.



Contact:
Andrew Beyer
[phone]



CONTACT: Andrew Beyer of Nicholas Investment Company, Inc., [phone]