1. You say the company is "already profitable". Point me to a URL with an audited
income statement, will you? If you don't have one, how about any financial statement
showing these profits. Don't ask me to call the company, I want to see it in writing.
biz.yahoo.com
2. How many shares are authorized to be issued in the company?
The company currently has 12.5 million shares and up to 50,000,000 are authorized to be issued.
As of March 27, 1998, the authorized capital stock of the Company
consisted of 50,000,000 shares of common stock, par value $0.001 per share (the
"Common Stock") and 5,000,000 shares of preferred stock, par value $0.001 per
share (the "Preferred Stock"). As of March 27, 1998, there were issued and
outstanding 12,500,000 shares of Common Stock and no shares of Preferred Stock
have been issued. See "Item 12 - Certain Relationships and Related
Transactions."
3. How many shares out now? (total treasury, insiders and float...within a million is fine).
12.5 million
4. You write, "Columbia Capital could be involved in a large number of these
transactions." could be? Jeff, please. Sounds like hype. Show me a URL where I can
see a detailed description of the product/service?
They project at least 10% of the EBT market in the 10KSB. No assurances however:
sec.gov
5. I quote you, "Columbia Capital could have a potentially blockbuster software solution for Y2K problems for the banking industry." Again, this sounds like fluff, Jeff. Let's assume that you are correct and the stock will take off like a rocket; show me this blockbuster software solution, please. Any hints will be helpful. Be specific.
biz.yahoo.com
The industry in which the Company competes is highly fragmented. The
Company believes that with its vast range of services and the Year 2000
compliance issues, those banking and financial institutions looking for a new
and compliant solution will begin to migrate from their in-house solutions to
companies on an outsource basis. Management of the Company believes that to
succeed in competing for customers in its industry segments the Company's
factors for success are its capabilities, quality of service, price, reputation
and, in some cases, convenience of location to the client.
6. Who are the principals in the company and how many shares do they own? What did these people do prior to CLCK? What are their salaries? Who are the principal shareholders? Do any securities firms hold positions, and if so, who?
Messrs. Baetz and Gallant are, as of the date of this Report, both directors and principal shareholders of the Company. They own 85% of the company's stock in a restricted form which cannot be sold for an extended period of time.
Cost of salaries and employee benefits during the year ended December 31, 1997 increased to $2,027,449 from $1,644,534 during the year ended December 31, 1996. This increase primarily resulted from an increase of approximately 25 full time employees during the year ended December 31, 1997 to enable the Company to accommodate increased demand for credit card processing services relating to the Master Agreement. Glenn M. Gallant has served as the Company's Chairman of the Board of Director and Secretary since September 23, 1997. Mr. Gallant is a financier with years of experience in development and management in a wide range of industries. Together with Douglas R. Baetz, Mr. Gallant owns and supervises the management of New SeaEscape Cruises, Inc., a cruise line operating from South Florida, and Network Holdings International, Inc., a publicly-traded sales organization that markets various travel products. In addition, Mr. Gallant owns and supervises the operations for Berwyn, a credit card service company and Century a credit card issuing company. There have been and will continue to be significant business transactions between the Company and affiliates of Mr. Gallant. See "Item 12 - Certain Relationships and Related Transactions."
Douglas R. Baetz has served as a director of the Company since
September 23, 1997. Mr. Baetz is a financier with years of
experience in development and management in a wide range of
industries. Together with Glenn Gallant, Mr. Baetz owns and
supervises the management of New SeaEscape Cruises, Inc., a
cruise line operation from South Florida and Network Holdings
International, Inc., a publicly-traded sales organization that
markets travel products. In addition, Mr. Baetz owns and
supervises the operations for Berwyn, a credit card service
company and Century a credit card issuing company. There have
been and will continue to be significant business transactions
between the Company and affiliates of Mr. Baetz. See "Item 12 -
Certain Relationships and Related Transactions."
Call the company for further answers.
7. Who did the 211? Who makes a market in this stock?(If you don't know, you should not be touting your free e-mail tip sheet.)
Please call the company. I know I can buy and sell the stock with my E Trade and Fidelity accounts. I will let the readers of the stock pick letter which I will occasionally write decide if I am worth reading. After all it's free and if they don't like my picks that is up to them.
8. Give me a general idea of the debt structure of the company, tell me if there are any
liens attached to anything the company owns, anything in this area that might adversely
affect a shareholder's equity.
The Company has historically financed its operations through the use of
working capital and loans to the Company. The Company's cash flow needs for the
year ended December 31, 1997 were primarily provided from operations and from a
$2,000,000 working line of credit (the "Line of Credit") provided through
Century Financial Group, Inc., an affiliate of Messrs. Baetz and Gallant. At
December 31, 1997, all trade payables and receivables were current, with the
exception of one trade receivable in the amount of $7,943 which was 60 days past
due. At December 31, 1997, a $20,000 unallocated reserve for bad debts was
carried by the Company. Prepaid expenses and inventories were $349,160 and are
anticipated to be expensed as used in the future. The net property and equipment
was $514,684 at December 31, 1997. Major capital additions during the year ended
December 31, 1997 were leasehold improvements and furnishings of $144,000 and
personal computer system and network upgrades of $119,000. Management believes
that, as of December 31, 1997, and for the foreseeable future, the Company will
be able to finance costs of current levels of operations from revenues and the
Line of Credit.
9. Who does this company do business with right now? Be specific.
PaySys, FiScrip, BestBank, Lockheed Martin, Citibank among others.
10. What compensation, if any, have you received or are you scheduled to receive for
promoting this stock?
None.
11. We are talking about the Internet here, correct? Where is the company web site?
It will happen but as you know it has not happened yet.
TLC all parties interested in this company should call the company(915)674-3100 and ask them for an investment packet.
Please read the 10KSB for more information:
sec.gov
Regards, Jeff
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