NCI Holdings, Inc. and Nationwide Credit, Inc. (“Nationwide”) today announced that the expiration date of their offer to exchange all of Nationwide’s outstanding 10-1/4% Senior Notes due 2008 for common stock of NCI Holdings, Inc. has been extended to 5 p.m. New York City time, on Monday November 4, 2002.


To date, Nationwide has received tenders of Senior Notes from holders of approximately 81.4% of the outstanding principal amount of the 10-1/4% Senior Notes pursuant to its Exchange Offer and the related Letter of Transmittal.


State Street Bank and Trust Company is the depository for the Exchange Offer and also acts as trustee of the Senior Notes.



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