Columbia Capital Corporation-Computerized Banking (CLCK) Message Board

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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)

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To: James Cornwell who wrote (39)	5/22/1998 11:37:00 PM
From: Jeffrey L. Henken	Read Replies (2) of 1020

Anyone wondering if CLCK will be getting more Y2K contracts? I bet that yesterday's announcement was only the beginning! Message from the FDIC Chairman: helptalk.com "The FDIC shares supervisory responsibility with state banking authorities for approximately 6,500 financial institutions. These institutions tend to be small -- approximately 69 percent have total assets of less than $100 million. We estimate that about 95 percent of all FDIC-supervised institutions either are serviced by a party external to the financial institution or have purchased their software applications from a vendor. As a result, we are particularly interested in the efforts of third-party vendors in addressing Year 2000 problems. "A passive approach to addressing Year 2000 problems may expose institutions that are serviced by a third-party or have purchased software to significant risk. The inability or failure of a vendor to modify a financial institution's computer system could potentially leave the institution in the position of having to find an alternate service or software provider on short notice. As the year 2000 draws closer, the limited availability of alternatives may reduce an institution's options and make the available choices extremely expensive. Personnel resources also may become scarce as the demand for qualified programmers increases." Let's assume ALL banks get Y2K compliant (a pretty big assumption). But with EVERY financial institution relying on multiple third-party vendors, what are the chances of numerous failures in the banking system? Columbia Capital targets those small to medium sized financial institutions. That means 69% of the banks in the country and they are almost all certainly facing some Y2K concerns. Just one of the huge opportunities where Columbia Capital has already established itself as a major player. We are going to see tremendous revenue increases for CLCK from this aspect of their business alone. If anyone wants to be on an e-mail list for future stock picks like ABMI and CLCK should they arise please e-mail me at: jfhenken@ix.netcom.com Have a great weekend everyone! Regards, Jeff

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