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: Dave Dalry who wrote (741)	10/23/1998 1:01:00 PM
From: Jeffrey L. Henken	of 1020

Columbia Capital Corp. to Present at 21st Annual Westergaard Microcap Conference November 5th Company Offers Y2K Compliance Outsourcing Solution For Small Banks; Westergaard Broadcasting Projects Dec98 Revs at $13mm vs $3.2mm in '97, Rising to $44mm By Mid-2000 NEW YORK--(BUSINESS WIRE)--October 23, 1998-- Columbia Capital Corp. (OTC BB:CLCK - news) is an Abilene TX based processor of information and transaction services for financial institutions. It is engaged in carving out a unique niche in the massive credit card services market dominated by Electronic Data Systems (NYSE:EDS - news), Equifax (NYSE:EFX - news) and First Data (NYSE:FDC - news). It will be one of 16 high growth microcap companies co-hosting the 21st Annual Westergaard Microcap Conference Nov 5th at the Waldorf Astoria. Registration is by invitation to investment professionals who may request details by fax to 212-947-6643. In welcoming CLCK, John Westergaard, WBN Editor/Publisher stated: ''Columbia Capital is at a stage of development where it will particularly benefit from presenting at our annual WBN Waldorf Conference. It is a provider of outsourced back office services to small banks facing Y2K compliance problems. That business will take off next year as banks wake up to the extent of their Y2K problems and will stay following the Millennium as banks come to find outsourcing cost effective. ''Meanwhile, CLCK is moving ahead with introduction of new credit card processing services which will remain the core business. These new services are: (1) Master/Visa debit cards for a check cashing service with 3500 offices. WBN projects 10 cards per week per store will be issued translating to 1.8mm cards in 18mos $0.75 monthly processing = annualized revs of $16mm. (2) Platinum ICS cards issued to patients allowing hospital receivables to be converted to immediate cash. WBN projects 500,000 cards in 18mos x $1.50/mo processing = $9mm annualized revs. (3) Millennium Health Card, an affinity card allowing employees and organization members to charge and obtain discounts. 500,000 of these cards at $1 monthly processing would generate $6mm. ''These projected new revenues'', Westergaard concluded, ''when added to the present core $13mm revenue based comes to $44mm revenues by 3Q00 -- without taking account of a pending acquisition. Assuming 20% pretax (CLCK is currently doing better) translates to $0.70 EPS on 12.5mm shares pretax and a peer equivalent valuation at 18x pretax of 12 1/2.'' biz.yahoo.com Westergaard Broadcasting Network.com Anne Straton, Managing Editor 212/947-3853 Regards, Jeff

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