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<PAGE>
Supplement to Nolbo, Inc.'s Prospectus
dated August 13, 1999
Nolbo, Inc. and First Level Capital, Inc. have agreed to extend the
offering period to complete Nolbo's public offering to 5:00 P.M. New York City
time on December 13, 1999.
The date of this supplement is October 13, 1999.
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