EZ Traders Forum

[bobkubecka]

NLXI, was UTing on no volume earlier lol. Wonder what it will do if it gets real volume. President and director John Jacobs appears to like it if the form 4s are any indication. NELX, Inc. Enters Into an Exclusivity Agreement With Insurance Company

CHARLESTON, W.Va., Jun 1, 2004 /PRNewswire-FirstCall via COMTEX/ -- NELX, Inc. (OTC Bulletin Board: NLXI) announced today that it has entered into exclusivity and confidentiality agreements with the holding company of an insurance company as a first step toward the acquisition of the insurance company. "The acquisition remains subject to our due diligence, financing contingencies and regulatory approvals," said John Jacobs, president of NELX, "but the company is licensed in multiple states for surety, and we are excited at the prospect of the acquisition and offering surety bonding programs to our clients at a time when they are finding it difficult to secure the bonding required for the businesses."
NELX is the holding company for FS Investments, Inc., and Jacobs & Company, a registered investment advisory firm. FS Investments develops insurance strategies for its clients with difficult to place business and, through the marketing unit Triangle Surety Agency, Inc., serves the bonding requirements of businesses in the coal, oil and gas and other industries with regulatory licensing needs. The innovative use of collateral is often an element of the FS Investments' insurance strategies.



For further information contact: John M. Jacobs of NELX, [phone].