TEMECULA, Calif., March 04, 2004 (PRIMEZONE) -- Nicholas Investment Company, Inc. (Pink Sheets:NIVM) today announced that it will be holding a conference call for shareholders, investors and brokers this afternoon at 3:00 P.M. Eastern Standard Time. Individuals interested in participating should call 1-800-441-0022 and reference Nicholas Investment Company.
For those unable to participate during the live conference call, a rebroadcast will be available for one week by calling 800-839-0860 or 402-220-1490 and using PIN 1334.
In the conference call, the Nicholas management plans to discuss the activities of its subsidiary SINO UJE, which recently announced agreement to form two joint venture companies in China, as well as reviewing the overall business strategy of the Company. SINO President Chris Bickel is slated to participate in the call and will discuss his recent trip to Europe and Asia, specifically focusing on details of SINO's agreements with Inter Medical and GreCon to form Wholly Owned Foreign Enterprises (WOFE) in China. Both Inter Medical and GreCon are established suppliers of high-tech western medical and industrial technologies and the WOFE agreements are initially designed to maximize the sales and service capability for all GreCon and Inter Medical products in the People's Republic of China.
Steven R. Peacock, President of Nicholas Investment Company, commented, "This conference call comes at a time when it is appropriate to discuss the recent activities of SINO UJE in the larger context of the Company's overall business strategy. Given the tremendous growth potential of companies with a strong presence in the China market, we are extremely pleased to highlight the recent successes of SINO UJE and the investment advantages presented by a closed-end investment fund such as Nicholas. We hope that the broker/dealers, shareholders, potential investors and the public markets as a whole will share our enthusiasm as we move forward and execute our business strategy."
About the 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., a small business consulting firm, and 95% of SINO UJE, 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. Nicholas Investment Company, Inc. cautions that historical results are not necessarily indicative of the future performance.