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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)
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To: greg Benfield who wrote (812)12/20/1998 10:06:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 1020
 
Also from the 10Q concerning Platinum ICS:

AGREEMENT WITH PLATINUM-ICS, INC. On June 8, 1998, the Company entered into an agreement with Platinum-ICS, Inc. ("Platinum") to perform data processing and other services in connection with Platinum's credit card portfolio. Platinum is the managing entity coordinating a group of experts for processing, collecting, servicing and financing patient-pay accounts receivables for the provider's participants. Platinum issues cards to the recipients of medical care, who utilize the card to consolidate medical bills. The agreement has an initial term of three (3) years and will automatically renew for additional three (3) year terms, unless written notice is given by either party no less than one hundred eighty (180) days prior to expiration of a given term. As of the date of this Report, the Company has not yet began conversion of Platinum's portfolio, but expects conversion to begin before the end of November, 1998. The number of accounts that will be processed by FICI is undetermined at this time.

Looks like we stand a pretty good chance of hearing news on both the FDIC and Platinum-ICS fronts soon.

Regards, Jeff
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