Exhibit 12.1 Press Release
NewBridge Capital, Inc.
4695 MacArthur Court, Suite 530
Newport Beach, California 92660
Telephone (949) 833-2094
Facsimile (949) 833-7854
May 2, 2000
To all Stockholders of Chic by H.I.S., Inc. (OTC Pink Sheets "JNSC"):
NewBridge Capital, Inc. (OTCBB "NBRG") ("NewBridge") (formerly Scientific
NRG, Incorporated) seeks to acquire 5,034,105 shares (51%) of Chic by H.I.S.,
Inc., a Delaware corporation ("JNSC"), in exchange for up to 1,000,000 shares of
NewBridge common stock. NewBridge is offering holders of JNSC common stock 1
share of NewBridge common stock in exchange for 12 shares of JNSC. The offer
will remain open until June 30, 2000. American Stock Transfer & Trust Company
will act as depository for the transaction. NewBridge reserves the right in its
sole discretion to terminate this offer following review of the books and
records of JNSC if (1) JNSC is insolvent or (2) the book value per share of JNSC
common stock is less than $.25 per share.
NewBridge's plan of operation includes identifying operating companies and
real property for acquisition. This business plan focuses on making acquisitions
of or investments in what management considers to be businesses which present
the greatest opportunities for growth and increased shareholder value. NewBridge
will seek to expand these businesses and provide financial and management
services to such businesses.
NewBridge will promptly file a Tender Offer Statement on Schedule 14D-1
with the Securities and Exchange Commission.
Sincerely yours,
/s/ Fred G. Luke
Fred G. Luke
President
