CLCK-Columbia Capital Corp-Description of business:
Columbia Capital Corp, through it's wholly owned subsidiary, First Independent Computers, Inc., engages in the financial services industry primarily through rapidly expanding and interrelated services:
1.) Credit and Debit Card Services
2.) Banking/Financial Services/Healthcare Processing Services
3.) Document Management and Distribution Services
As the world is rapidly moving toward electronic information processing, annual credit/debit card purchases in the US will soon reach the $1 trillion mark. The combination of this type of growth and the continuing trend towards outsourcing data processing functions, directly benefits First Independent now and will remain a source of
increased business in the future.
CLCK has begun to make it's move into previously non-associated business, like health care service organizations, utility providers, travel and tourism organizations and even internet merchandising companies. The opportunity for growth here is unprecedented:
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Message 5383102
The company through it's association with FISCRIP which it is about to acquire is the first processor certified as a Welfare, Food Stamp only EBT processor. First independent will play a major role in supporting FISCRIP's ATM, Debit and EBT major growth in the next year. By the year 2000 even social security recipients will receive there monthly checks in the form of an EBT debit card. CLCK shareholders will benefit from every transaction at every location as it is processed in the region they cover:
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CLCK is also going to acquire Berwyn, an associated company, which will add $20 million in revenues and substantial earnings this year:
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The importance of Columbia Capital's Y2K compliance has already been affirmed by the signing of two large contracts earlier this summer. CLCK has licensed Kirchman Dimension Systems Software which is now the core banking software of choice for more than 650 financial institutions worldwide. The use of this software and IBM mainframe computers gives CLCK the processing power to take on many times the amount of business they have already booked with very little rise in overhead:
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Two independent outside directors were announced earlier this summer bringing the present total to seven. While we can't be certain I expect we will see further additions to the board in the future:
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CLCK earned 3 cents in the first quarter and 5 cents in the second. The third quarter numbers should eclipse the first two quarters combined.
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On June 17th the company made an announcement which will result in a tremendous increase in new business: Columbia Capital Corp. & PaySys International Enhance Their Relationship with New Agreement.
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Never heard of PaySys? PaySys International, Inc.'s (www.paysys.com) credit card management software-solutions are used by more banks, finance companies, processors and retail establishments throughout the world than any other system. PaySys employs over 400 people worldwide.
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This deal is going to bring MILLIONS AND MILLIONS of dollars of new business in for Columbia Capital. It's absolutely huge! If you have not picked up any CLCK. The stock has is holding well still above the 200 day moving average and offers a tremendous opportunity for profit. This company is still being largely overlooked by investors simply because it trades on the OTC BB and has a very low profile. This will change and you can get in while it's still cheap.
The contracts CLCK has signed with smaller banking concerns like the Greater Nevada Credit Union and Delaware Bank Card are just the tip of the iceberg:
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Deals with much larger banks seem all but assured:
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Finally we did have a little insider buying in May and June. The recent slide in the stock may precipitate even more insider buying. Any time an investor can buy a stock below the level or at least reasonably close to where an insider has purchased you are doing quite well indeed:
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I honestly believe this company will be moving off the OTC before the year is out.
Regards, Jeff |
