Company Press Release
SOURCE: National Institute Companies of America, Inc.
National Institute Companies of America, Inc. Announces the Completion Of the Acquisition of Oxford International Inc.
PITTSBURGH, June 28 /PRNewswire/ -- National Institute Companies of America, Inc. (Pink Sheets: NICM), announces the completion of the acquisition of Oxford International, Inc. (``Oxford'').
After thorough due diligence by independent auditors, management is pleased to announce the completion of the acquisition of Oxford International Inc., (www.oxfordint.com).
Oxford will be known as National Institute for Corporate Finance. The original anticipated pipeline of $250 Million dollars in deal origination with net income projected at $3,000,000 is expected to be realized ahead of schedule year end 12/31/00. In addition, new deal origination for the balance of 12 months ending the second quarter 2001 now exceeds $516 million.
The buyout of Oxford puts NICA on track to exceed expected revenues and earnings and provides the Company with extended latitude for additional potential, targeted acquisitions and takeovers.
NICA is a diversified holding company with various entities to maximize revenues and earnings. 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.
AI
