Nicholas Investment Company, Inc. Announces Upcoming Market Conference Call


TEMECULA, Calif., March 1, 2004 (PRIMEZONE) -- Nicholas Investment Company, Inc. (Pink Sheets:NIVM) today announced that it will be holding a conference call for shareholders, investors and brokers on Thursday March 04, 2004 at 3:00 P.M. Eastern Standard Time. Individuals interested in participating should call 1-800-441-0022 and reference Nicholas Investment Company.

In the conference call, the Company plans to discuss its overall business strategy and the ongoing operations of its two portfolio investment companies, particularly those of SINO UJE, which distributes Western medical and industrial technology in the China market. SINO President, Chris Bickel, is slated to participate in the call and discuss his recent trip to Europe and Asia and the milestones it has reached since its acquisition by Nicholas.

"This conference call is yet another opportunity for Nicholas to discuss its business strategy and the investment opportunity it presents with broker/dealers, shareholders and the public markets as a whole. We plan to continue our aggressive Investor Relations program and network within the public markets to identify groups and individuals who may have an interest in the possibilities presented by Nicholas as a closed-end investment fund," commented Steven R. Peacock, President of Nicholas Investment Company.

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 of 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.



            

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