PITTSBURGH, March 13, 2000 (PRIMEZONE) -- Mortgage Bankers Holding Corp. (OTCBB:MBHC), doing business as National Institute Companies of America (NICA), announces the approval of their new stock symbol (NICM).
The NASDAQ has approved the name change and new symbol from Mortgage Bankers Holding corp. (MBHC) to National Institute Companies of America (NICM) effective Wednesday, April 12, 2000.
The Company remains well ahead of schedule for the Form 10 filing, pending the release of the final independent audit. Management is confident that, as these formal filings are released, shareholders will be pleased with the Company's performance and outlook.
NICA was founded on the strategy of maximizing revenues for Community Banks, on an equal if not superior performance basis to the largest banks in the nation. The Company is structured to assist banks, bank holding companies and other financial institutions (brokers/dealers, S&Ls, accounting firms, etc.) in the planning, design and implementations of an insurance marketing program and financial planning profit center within the bank or entity. NICA is one of the largest providers of estate and financial planning and services to the Community-Independent Banks in the United States.
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.