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: Jeffrey L. Henken who wrote (749)	10/25/1998 8:44:00 PM
From: Jeffrey L. Henken	Read Replies (1) of 1020

Columbia Capital Corp., an Abilene TX based processor of information and transaction services for financial institutions, will be one of the 16 high growth microcap companies co-hosting the 21st Annual Westergaard Microcap Conference Nov 5th. A provider of outsourced back office services to small banks facing Y2K compliance problems, WBN projects that CLCK's business will take off next year as banks realize the extent of their Y2K problems and 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 at 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." BOTTOM LINE - Projected new revs added to the present core $13mm, comes to $44mm revs by 3Q00 -- without taking into account a pending acquisition. 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. wbn.com:8080/#clck biz.yahoo.com CLCK has had three straight quarters of outstanding earnings growth. It looks like we have no reason to expect that will stop anytime soon. The stock could go lower than $2 but how much sense does that make with what seems like more growth ahead? I will be buying more CLCK tomorrow. Regards, Jeff

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