Columbia Capital Corp. to Process for Greater Nevada Credit Union
biz.yahoo.com
FORT LAUDERDALE, Fla., July 27 /PRNewswire/ -- Columbia Capital Corp. (OTC Bulletin Board: CLCK - news) announced today that its wholly-owned subsidiary First Independent Computers, Inc. (FICI) has signed an agreement with Greater Nevada Credit Union (GNCU), Carson City, Nevada for the processing of its VISA credit card portfolio of 7,500 accounts.
Greater Nevada Credit Union will convert to FICI's VisionPLUS, Year 2000- compliant, processing platform. Ken Klotz, president of Columbia, stated, ''This is the first credit union that we have signed and it is our intention to grow this segment of the industry significantly, using GNCU as our flagship account.''
FICI expects to complete the conversion of the accounts by November 1 and will begin processing for GNCU at that time.
Columbia Capital Corp. operates through its wholly-owned subsidiary, First Independent Computers, Inc. The Company is a multi-faceted information and transaction processing service organization. The services provided by the Company include credit and debit card processing and servicing, transaction processing for the health care industry, bank and financial services processing and document management and distribution services. The Company concentrates on a niche market, consisting of small to medium-sized financial institutions, retailers and health care providers that have not achieved the economies of scale to operate their own in-house programs and systems.
Forward-looking statements in this press release are necessarily subject to risks and uncertainties, which may affect the accuracy of such statements. Such risks may include any delays in the addition of business or loss of existing customers. For a full discussion of such risks, please refer to the Company's Form 10-KSB/A for the fiscal year ended December 31, 1997 and subsequent filings. The Company undertakes no obligation to update such factors or to publicly announce the results of any revisions to the forward- looking statements contained herein.
SOURCE: Columbia Capital Corp. |
