NVHG Upgraded to a
BUY Recommendation
Nevada Holding Group, Inc.
(OTCBB: NVHG)
Shares Outstanding 5,004,000.....Float
(est.) 1,363,000 .....52 Week High/Low.$1.01/0.12
Short-term Target $3.75
NEWS - NVHG
-
Nevada Holding Group Executes Definitive Agreement To Acquire M&G
Steel Erectors - Business Wire
At The Wall Street Bulletin we
target and track ground floor opportunities for the savvy investor.
Our daily charting and in-depth data-streams highlight companies we
believe to have prodigious up-side potential for both long and short-term
growth.
On the counter, our research and analysis
tells us that Nevada Holding Group, Inc. (OTCBB: NVHG) has initiated
several key measures, positioning itself for an up-turn in the current
market. NVHG's
recent acquisition of Providence Cabinet, Inc., and
Providence Cabinet's hiring of Barth Barnhart as president (served
on the corporate legal advisory board of two Fortune 100 corporations),
have positioned NVHG to capitalize on the strengthening economy. For
these reason we have upgraded (NVHG) from a hold to a BUY recommendation.
Acquisition of Providence Cabinet,
Inc.
Wall Street is now focusing its attention on long-standing
companies with solid backgrounds yet rising revenue streams. Many of
the popular indices of yesterday are simply too risky for many investors'
portfolios today. NVHG saw this trend coming, and as such has
completed its acquisition of Providence Cabinet, Inc. Providence
offers a solid asset base through current product manufacturing orders
as well as increasing potential revenues, and a long-standing background
(over 50 years) as a manufacturer of institutional custom cabinets and
countertops.
For FY2002, Providence Cabinet is on track to more than double its 2001
production. Given its proven track record, we firmly believe it will
continue to improve and expand its client-base and revenue streams.
Several potential long-term contracts could afford the company millions
in additional annual revenues above and beyond their current projections.
2001 Rev. = $2.25M; 2002 Projected Rev. = $4.5 million for the 12 months
following the NVHG acquisition.
In contrast, Kewaunee Scientific Corporation (NASD: KEQU), a designer,
manufacturer and installer of scientific and technical furniture, reported
sales for the nine months ended January 31, 2002 were $63,063,000, up
8% over sales of $58,418,000 in the comparable period of the prior year.
Net earnings for the nine months were $1,347,000, or $.54 per diluted
share, as compared to net earnings of $798,000, or $.32 per diluted
share, in the comparable period of the prior year.
NVHG, realizing the potential for a ground-floor opportunity in such
a market, made public on March 5 its intent to acquire Providence Cabinet.
NVHG's March 27 completed acquisition of Providence affords the much-needed
capital to initiate the ascent to such levels as Kewaunee. This could
quite possibly facilitate NVHG's rise to a NASDAQ stock as well, through
its acquisition of Providence Cabinet.
The NVHG Vision
Nevada Holding Group, Inc. (OTCBB: NVHG) is creating
a multi-pronged infrastructure by acquiring asset-based, revenue-building
subsidiaries to grow on a solid foundation, while at the same time offering
tremendous growth potential. With corporate failures abound and stock
prices on most all indices at such volatile fluctuations, Wall Street's
confidence in NVHG's business strategy is at an all-time high.
Strategic Investments
NVHG's Mission - To acquire strategic positions in potentially
profitable enterprises, increasing the value of its holdings. Each of
these companies will be a wholly owned subsidiary and must be a stand-alone
profit center, becoming profitable in the first year after acquisition.
The companies will be selected for their proven opportunity versus the
need for funding and the synergy of market focus. This will minimize
the working capital needed and utilize consolidation of overview management,
accounting, as well as major purchasing and sales/marketing activities.
NVHG believes that this strategy will provide the ability to significantly
increase shareholder value, as well as provide capital to support growth
in the company's subsidiaries and holdings.
Profitable, Sound Investing
NVHG only began trading in December of 2001 and is new
to the market, so its float is extremely low, offering investors a ground
floor opportunity of what will be, we believe, a long-term and profitable
company. Recognizing the opportunity for returning to basics, the management
of NVHG is concentrating on companies with solid, stable earnings and
high profit centers. NVHG's strategy also envisions and will promote
opportunities for synergistic business relationships among the companies
within its portfolio. NVHG's lean overhead translates into a formidable
competitor capable of offering investors an alternative to speculative
high-stakes, low-return companies which can easily be down tomorrow
as much as--or more than--they may be up today.
Investment Consideration
Consistent future revenue streams give NVHG an unprecedented
upside. Based on potential earnings from its first acquisition--at an
extremely modest P/E ratio of 2/1 (KEQU has at 14.25 P/E)--NVHG could
be in the near future worth $2.84. (KEQU is now trading between the
9 and $10 range).
The NVHG concept is as old as business itself: equity,
earnings, and revenues--and they have the management team to make it
work. With over 100 years experience behind them, the management team
at NVHG has not only the expertise for a profitable future ahead, but
the past to prove it.
p>Future acquisitions of profitable, long-standing companies
not only make NVHG a sound investment, but a unique opportunity for investors
to get in on the ground floor. A long-term goal of becoming a NASDAQ stock
seems very likely.
NEWS - NVHG
Announces Completion of Acquisition of Providence Cabinet Inc...Following
Up Their March 5th Release Of Letter Of Intent To Purchase -
Business Wire
NEWS -- Nevada
Holding Group Inc. Announces Appointment of Barth E. Barnhart, New President
of Providence Cabinet, a Recently Acquired Wholly Owned Subsidiary -
Business Wire
NEWS - Nevada
Holding Group Inc. Announces Initial Sales Results From Its Wholly Owned
Subsidiary, Providence Cabinet Inc. - Business Wire
This report is an independent newsletter and is not affiliated with
Nevada Holding Group, Inc.
The Wall Street Bulletin is an independent research
firm with paid subscribers. This report is based on The Wall Street
Bulletin independent analysis but relies on information supplied by
sources believed to be reliable. This report may or may not be the opinion
of NVHG management. The Wall Street Bulletin has been retained to research
and issue reports on NVHG and was paid 200,000 common shares of NVHG
by a third party consultant. The Wall Street Bulletin and its owners
may from time to time buy or sell common shares in the open market or
in private transactions without notice. The information contained in
this report is not intended to be, and shall not constitute, an offer
to sell nor solicitation of any offer to buy any security; it is intended
for information only. Copyright © 2002 The Wall Street Bulletin.
All rights reserved.
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