TEMECULA, Calif., Feb. 11, 2004 (PRIMEZONE) -- Nicholas Investment Company, Inc. (Other OTC:NIVM) today announced that Javelin Holdings, Inc., one of its two subsidiary companies, has generated positive cash flow of approximately $100,000 (unaudited) from its operations in the month of January 2004 and expects to experience continued revenue growth in the coming months. Detailed information on the revenue of Javelin Holdings will be released in Nicholas Investment Company's fiscal first quarter 2004 financial report, due in May 2004.
Javelin, a business consulting company, has signed a number of new client companies and is assisting these businesses with a number of vital services, including bringing them into compliance with SEC requirements, advising on capital formation, evaluating potential acquisitions, and providing management and public relations expertise.
Shane H. Traveller, President of Javelin Holdings, Inc., commented, "With its recent acquisition by Nicholas Investment Company, Inc., Javelin has been given the ability to expand its reach and take advantage of additional opportunities. The January operating results are expected to be just the beginning of a steady stream of fee income and stock positions in our client companies that will create long term value for Nicholas shareholders."
About the Company
Nicholas Investment Company, Inc. (www.nicholasinvestments.com) is a business development company 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. Nicholas Investment Company intends to continue to raise capital for investment into small, cash-flow positive businesses in targeted fields, then provide management assistance and growth capital.
Interested parties can add their contact information to the Company's mailing list at www.nicholasinvestments.com/mailing.asp.
All statements, other than statements of fact, included in this release, including, without limitation, 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, including those described above. Nicholas Investment Company, Inc cautions that historical results are not necessarily indicative of the future performance.