TEMECULA, Calif., March 17, 2004 (PRIMEZONE) -- Nicholas Investment Company, Inc. (Other OTC:NIVM) today announced that its subsidiary SINO UJE, Ltd. has executed a contract to be the exclusive distributor throughout China for the sales and service of digital X-ray imaging products of Adani, the market leader in the application of linear array detection systems in digital X-ray imaging equipment for medical applications.
Chris Bickel, President of SINO UJE and COO of Nicholas Investment Company, commented, "Adani has technology that is differentiated by the performance as compared to the cost. That is, by utilizing proprietary scanning technology, the Adani X-ray imaging equipment delivers digital X-ray imaging at half the cost of the competition which includes GE, Siemens, Philips and Toshiba. The price to quality ratio is critical in the competitive and price sensitive Chinese medical market. We expect the Adani imaging equipment to make a major impact in the Chinese market and provide additional value to the Nicholas investment portfolio through sales achieved by SINO UJE."
Vladimir Linev, Founder and President of Adani, stated, "China is the fastest growing market for digital X-ray imaging equipment. Adani technology offers a superior price to quality ratio as compared to the competition and therefore is perfectly positioned for the Chinese market. Adani is pleased to engage SINO UJE as our exclusive distributor for our products and services to China. With the Adani technology and the SINO UJE distribution capability, we expect China to be a significant growth market for us."
For further information on Adani, visit www.adani.by.
About Nicholas Investment Company
Nicholas Investment Company, Inc. is a closed-end fund whose core focus is to seek out strategic investments in a number of growth industries. The company has acquired 100% of Javelin Holdings, Inc. (www.javelinholdings.com), a small business consulting firm, and 95% of SINO UJE (www.sinouje.com), a non stocking distributor that sells and services western manufactured high-tech products to markets throughout China. For more information on the Company and its Fund Portfolio or to sign up for the Company's mailing list, please visit, www.nicholasinvestments.com
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. Nicholas Investment Company, Inc cautions that historical results are not necessarily indicative of the future performance.