|RE:GISBEX/GEOFF EITEN/HAROLD GALLISON->Nicholas Investments Approved for Trading on the Global Internet Stock Brokerage Exchange (GISBeX)|
LAS VEGAS, DEC. 19 /PRNewswire-FirstCall/-- The Nicholas Investment Company Inc. (OTC Bulletin Board: NIVI) today announced that its SEC filings are now current and available for public review. Additionally, the Company has been approved for trading on the Global Internet Stock Brokerage Exchange (GISBeX).
The Company's current filings include the reversal of the previously announced acquisition on the building that would have been utilized for Nicholas National headquarters. The $2.5 Million purchase of the commercial property in Las Vegas was reversed by Nicholas as the result of discussions with the selling corporation and on the subsequent advice of fiscal and accounting consultants.
Nicholas Investment Company President, Darryl E. Schuttloffel said, "We are pleased to have been approved for trading on the GISBeX and to have brought our filings current. Trading on the GISBeX affords us exposure to the International Stock and Bond investors and allows them the opportunity to buy Regulation S shares directly on major exchanges with licensed GISBeX Member Brokers.
About Nicholas Investment Company Inc.
The Nicholas Investment Company Inc is a holding company whose portfolio includes 100% of the shares of The Virgin Lakes Development Corporation, in excess of 85% of The Shadow Ridge Water Company, and 70% of H&L Specialties Construction Corp. The Virgin Lakes Development Corporation development plans will encompass a total of approximately 700 acres of golf courses, country club facilities, a 47 acre commercial park, a 750 unit recreational vehicle park, single family housing, custom homes, condominiums, town homes and 250 time share units attached to a water park that will compliment the country club facility. Mohave County Arizona has projected a population of 20,000 in this area by the year 2010.
For more information, contact Darryl Schuttloffel, President &CEO, Nicholas Investments Company Inc., 702 951 6077, shot37@Yahoo.com. For Investor Relations, contact OTC Financial Network, Geoffrey Eiten, 781 444 6100, Ext 613 or e-mail email@example.com or visit www.otcfn.com/nivi.
This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events of our future financial performance. These statements are only predictions and may differ materially from actual future results or events. The Nicholas Investment Company Inc., disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our companies and services and the time and expense involved in such development activities, the level of demand and market acceptance of the real estate developments and any changes in the service or changes in the business strategies.
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SOURCE Nicholas Investment Company Inc.
CO: Nicholas Investment Company Inc.
12/19/2002 10:56 EST