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____SOURCE: WALLSTREETNEWSCAST.COM NEWSLETTER 05-03-2004 ___ May 3, 2003
OTC: NIVM - 1st Quarter Earnings Release this Week
Shares Outstanding: 4 million Current Price: .06
Nicholas Investment (OTC:NIVM) will be releasing their Q1 2004 earnings sometime later this week. The Asian Investor is predicting a net asset value (NAV) of .15 to .20 per share, or a 50 to 100% increase over Dec. 31 results. NIVM is a closed-end fund whose core focus is to seek out strategic investments in Chinese opportunities.
Current Valuation: (as of Dec 31, 2003) For the twelve month period ending December 31, 2003, the Company reported $368,198 in shareholder's equity for fiscal year 2003, as compared to a negative ($329,485) for fiscal year 2002.
- $368,198 (Shareholder Equity) / 3,688.267 (Shares Outstanding) = .10 (NAV per share) as of Dec 31, 2003
Calculating a Funds Net Asset Value (NAV) Net Asset Value (NAV) is the current value of a share in a fund. It's the fund's assets minus liabilities divided by the number of outstanding shares. Closed-end mutual funds, the NAV and the market price aren't usually the same. That's because closed-end fund shares trade like stocks, from investor to investor, and sell at a premium or discount to their NAV, depending on a variety of factors such as investor expectations.
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Press Release Source: Nicholas Investment Company, Inc.
Nicholas Investment Company, Inc. Announces Net Income of $1.2 Million for First Quarter 2004 Monday May 10, 9:33 am ET First Quarter Net Asset Value Increases to $0.42 per share, Foresees Continued Growth in China with SINO UJE
TEMECULA, Calif., May 10, 2004 (PRIMEZONE) -- Nicholas Investment Company, Inc. (Other OTC:NIVM.PK - News) today announced that it generated a net profit of over $1.2 million, or $0.40 per share, for the quarter ended March 31, 2004, representing significant improvement over the Company's 2003 first quarter numbers. The Company also reported that its net assets (total assets less liabilities) had risen to $1,857,014 as of March 31, 2004 from $368,198 as of December 31 2003. This increase results in a net asset value of $0.42 per share as of March 31, 2004.
Shane H. Traveller, Chief Financial Officer for Nicholas Investment Company, commented, ``While the year-end 2003 financial report gave some indication of the revenue potential of our holdings, this is the first quarter in which the Company had multiple investments in operation. For the quarter, the Company generated $410,373 in revenues from investments that yielded $289,437 in net investment income (revenues less operating expenses). Nicholas also recognized an unrealized gain in the value of its investments of $1,050,000. When taken together, we believe these results clearly demonstrate that Nicholas is on a firm financial footing.''
Steven Peacock, Chairman and Chief Executive Officer, added, ``We are enthused by the Company's strong first quarter financial showing. While most of the net income and increase in net assets for the quarter can be attributed to growth of our investment in Javelin Holdings, a boutique professional services company, we are equally optimistic that our other investments will soon begin generating positive returns as well. Looking at Nicholas Investment Company as a composite fund, we are pleased with the diversity of our investments and with the rapid return on investment we have been able to generate. We expect this strong growth to continue with SINO UJE, Ltd., a distribution company servicing the China market, making great strides towards profitability as it continues to increase sales and surpass its monthly projections.''
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. (http://www.javelinholdings.com), a small business consulting and investment banking firm, and 95% of SINO UJE (http://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, http://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.
Contact:
Nicholas Investment Company, Inc. Andrew Beyer info@nicholasinvestments.com (909) 587-9100
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This took a big dive today, so I picked up 40,000 at .08 at the end of trading. I think (hope) that it's WAY undervalued and will make a nice rise when more new comes out.
Posts: 18 | Registered: Feb 2004
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Nicholas Investment Company Announces Initial Orders for Ulrich Product Line as SINO UJE Expands China Distribution Network 5/26/2004 9:20:00 AM TEMECULA, Calif., May 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- Nicholas Investment Company, Inc. ( NIVM ) today announced that its subsidiary, SINO UJE, Ltd., has achieved initial sales of Ulrich GmbH & Co. injector systems in to Chinese hospitals in the Shanghai area as part of the exclusive distribution agreement announced in March 2004. The initial sales signal the successful launch by SINO of the Ulrich contract injector business in China with a comprehensive, nationwide dealer network and the completion of all training and support work necessary to support this important product line.
SINO received the initial orders for the Ulrich brand of injectors used for CT and MRI examinations in April, and Ulrich representative, Klaus Brandt, recently traveled to China to oversee installation of the systems in Shanghai-area medical facilities. Additional orders for Ulrich injectors have subsequently been taken by SINO UJE, and interest in the product line has been strong.
Chris Bickel, President of SINO UJE and Nicholas COO, commented, "Ulrich is the world leader in the design and manufacture of injector systems for medical imaging applications, and we are pleased to now have its products fully integrated into our sales and distribution network. The Ulrich technology provides clear advantages over existing domestic and internationally-supplied injector systems available in China, the most important of which is the elimination of the risk of patient-to-patient contamination as a result of Ulrich's patented designs and proprietary technology.
"SINO UJE projects continued growth in the sale of Ulrich systems, as well as a number of other product lines, and we look forward to creating additional value in the Nicholas portfolio through the expansion of our distribution network in the China market," added Mr. Bickel.
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. ( www.javelinholdings.com), a small business consulting and investment banking 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.
SOURCE Nicholas Investment Company, Inc.
Andrew Beyer of Nicholas Investment Company, Inc., +1-909-587-9100, info@nicholasinvestments.com
Changes in Control of Registrant and Acquisition or Disposition of Ass
Item 1. Change in Control of Registrant On June 14, 2004, the Company's Board of Directors approved an Agreement andPlan of Acquisition By and Between Nicholas Investment Company, Inc. and YaShengGroup, in which YaSheng agreed to purchase one hundred percent of the issued andoutstanding stock of Nicholas in a stock-for-stock transaction. The basis fordetermining the exchange rate will be the comparative net asset values per shareof the two companies as of June 30, 2004. As a result of the acquisition,Nicholas expects to become a wholly-owned subsidiary of YaSheng and YaShengintends to elect to assume the reporting requirements of Nicholas under Rule12-g. Also on June 14, 2004, the Company obtained approval of the acquisition bymajority written consent of shareholders as prescribed by Nevada corporate law.The Company expects the Acquisition to close on or about July 15, 2004. Theminority shareholders of Nicholas will be provided with a tender offer inaccordance with Nevada law.
YaSheng Group, is a California company with its largest operations and holdingsin China, and is the fifth largest conglomerates in the Gansu province. It is adiverse hi-tech agricultural, mineral and manufacturing enterprise with 121operating divisions. For the year ended December 31, 2003, YaSheng reportedaudited net income of $59.9 million on operating revenues of $605 million.Audited net assets as of December 31, 2003 were $977 million. YaSheng's stockcurrently trades on the over-the-counter stock market under the ticker symbol YHGG.
Additional information regarding YaSheng Group, together with financialstatements, will be submitted in the Company's 8-K-12g to be filed following theclose of the acquisition.
Item 2. Acquisition or Disposition of Assets The Company has entered into an Agreement and Plan of Acquisition. Please seeItem 1 above for details. There are no material relationships between and amongYaSheng and the Company or any of its affiliates, any director or officer of theCompany, or any associate of any such director or officer.
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YaSheng Group and Nicholas Investment Company Announce Acquisition Agreement REDWOOD CITY and TEMECULA, Calif. - PRNewswire-FirstCall - June 21
REDWOOD CITY and TEMECULA, Calif., June 21 /PRNewswire-FirstCall/ -- YaSheng Group , a mainland Chinese company incorporated in California with 2003 audited net assets of nearly $1 billion, and Nicholas Investment Company, Inc. jointly announced that they have signed a definitive agreement for YaSheng Group to acquire 100% of Nicholas Investment Company in a stock-for-stock transaction. The companies expect the acquisition to close on or about July 15, 2004. Nicholas Investment Company has filed a Form 8-K Current Report with the Securities and Exchange Commission with further details regarding this agreement.
Under terms of the agreement, the basis for determining the exchange rate for the stock-for-stock transaction will be the comparative net asset values per share of the two companies as of June 30, 2004. As a result of the acquisition, Nicholas Investment Company will become a wholly-owned subsidiary of YaSheng. On June 14, 2004, Nicholas Investment Company obtained approval of the acquisition by majority written consent of shareholders as prescribed by Nevada corporate law. It is anticipated that there will be approximately 155,000,000 shares outstanding of the combined entities at the time of the closing of the transaction. A major United States Exchange listing is anticipated shortly after the merger is affected.
"The acquisition of Nicholas Investment Company allows YaSheng Group to capitalize on the substantial upside potential of Nicholas' subsidiary companies for the benefit of our shareholders. There are obvious synergies in the business strategy of Nicholas, particularly with its subsidiary SINO UJE, Ltd., an importer of western high tech products into China, and YaSheng's numerous high-tech subsidiaries in a number of fields operating in China. The addition of the Nicholas management team will greatly strengthen YaSheng's ambitious expansion efforts in North America to increase the world market for YaSheng's products," commented Mr. Zhou ChangSheng, Chairman of the YaSheng Group.
YaSheng Group, a company with its largest operations and holdings in China, is one of the five largest conglomerates in the Gansu province. It is a diverse high-tech agricultural, mineral and manufacturing enterprise with 121 operating divisions. For the year ended December 31, 2003, YaSheng reported audited net income of $59.9 million on operating revenues of $605 million. Audited net assets as of December 31, 2003 were $977 million. YaSheng's stock currently trades on the over-the-counter stock market under the ticker symbol YHGG, and a subsidiary company trades on the Shanghai Stock Exchange.
Steven R. Peacock, President and Chairman of Nicholas Investment Company, commented, "YaSheng's impressive asset base and powerful presence in China provides Nicholas Investment Company with access to resources that it does not currently have, while our experienced management team can dramatically facilitate YaSheng's planned expansion of its logistics and distribution capacity throughout North America and around the world."
About YaSheng Group
YaSheng Group (http://www.yasheng.com/) controls vast producing acres in China with 11,035 employees. Through its 121 subsidiaries, the company operates in chemical engineering, agricultural production, textile products printing and dyeing, commercial trading, as well as beverage and inorganic salt manufacturing. YaSheng Group produces over 51 major products in the northwest of China, seven of which have received the national "Green Award" for the environment and health. The company is recognized nationally for meeting all industry quality and environmental standards. Their products are sold nationally and exported regularly to the U.S., Canada, Australia, Pakistan, Iran, and many major countries in Europe and Asia. Major exports include sodium sulfate, sodium sulfide, vinyl fibers, barley, hops, fine spirits, licorice root, black melon seed, livestock, and many more agricultural, biotechnology and industrial products.
About Nicholas Investment Company
Nicholas Investment Company, Inc. is a closed-end fund with a 2004 first quarter net profit of $1.2 million and net assets of over $1.8 million for the same period. The company has acquired 100% of Javelin Holdings, Inc. (http://www.javelinholdings.com/), a small business consulting and investment banking firm, and 95% of SINO UJE (http://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, http://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. YaSheng Group; Nicholas Investment Company, Inc.
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> TEMECULA, Calif., June 23, 2004 (PRIMEZONE) -- Nicolas Investment Company (Pink Sheets:NIVM) today announced that it has retained Murdock Capital Partners Corp. (MCP) to lead an investment banking and corporate communications program focused on providing market liquidity and introducing a broad array of institutional investors and the investment banking community to the pending acquisition of Nicholas by YaSheng Group (Pink Sheets:YHGG).
"Murdock Capital, a well-respected New York City based merchant banking and corporate communications firm, has recently completed their due diligence efforts on Nicholas and YaSheng and has determined that it can reach a wide and viable audience for the companies' recently announced merger. We look forward to working alongside Murdock Capital to maximize the potential of this acquisition," commented Steven R. Peacock, President of Nicholas Investment Company.
On June 21, 2004, the companies announced that they signed a definitive agreement for YaSheng Group to acquire 100% of Nicholas Investment Company in a stock-for-stock transaction, and the companies expect the acquisition to close on or about July 15, 2004. An 8-K regarding the transaction was filed on June 18, 2004.
"The recent acquisition announcement of Nicolas Investment Company by YaSheng Group has set the stage for meaningful investor relations presentations with concomitant investment banking introductions that will heighten the visibility of this broad based and rapidly growing Chinese entity," Thomas Dean, President of MCP, stated.
"While a number of state-owned Chinese companies have recently gone public in the United States, and although there are a number of nascent or small Chinese companies that trade here, YaSheng represents one of the few opportunities for U.S. investors to participate in the expanding Chinese economy though a company with substantial revenues and over one billion dollars in net assets. We look forward to introducing the YaSheng vision to institutional investors, substantial retail brokers, and research analysts and are greatly honored to have been chosen to do so," Dean concluded.
About YaSheng Group
YaSheng Group (www.yasheng.com) controls vast producing acres in China with 11,035 employees. Through its 121 subsidiaries, the company operates in chemical engineering, agricultural production, textile products printing and dyeing, commercial trading, as well as beverage and inorganic salt manufacturing. YaSheng Group produces over 51 major products in the northwest of China, seven of which have received the national "Green Award" for the environment and health. The company is recognized nationally for meeting all industry quality and environmental standards. Their products are sold nationally and exported regularly to the U.S., Canada, Australia, Pakistan, Iran, and many major countries in Europe and Asia. Major exports include sodium sulfate, sodium sulfide, vinyl fibers, barley, hops, fine spirits, licorice root, black melon seed, livestock, and many more agricultural, biotechnology and industrial products.
About Nicholas Investment Company
Nicholas Investment Company, Inc. is a closed-end fund with a 2004 first quarter net profit of $1.2 million and net assets of over $1.8 million for the same period. The company has acquired 100% of Javelin Holdings, Inc. (www.javelinholdings.com), a small business consulting and investment banking 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.
CONTACT: YaSheng Group M. Ping (650) 333-4872 investment@silkrouteb2b.com
Nicholas Investment Company, Inc. Andrew Beyer (909) 587-9100 info@nicholasinvestments.com
Murdock Capital Partners Corp. Thomas M. Dean Luis J Mejia (212) 421-2545
------------------ Due Da Due......But Be Quick About It!!!!!
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