SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK) -- Ignore unavailable to you. Want to Upgrade?


To: Dave Dalry who wrote (254)6/13/1998 9:10:00 AM
From: James Marks  Read Replies (2) | Respond to of 1020
 
THIS IS A WINNER! When people realize the potential for revenues from the EBT this stock could easily be in the teens in a heart beat. I think the pieces will be coming together shortly and to the moon we will go!!!.I would kill to find more like this one under 5.00 Jim



To: Dave Dalry who wrote (254)6/15/1998 8:48:00 PM
From: Jeffrey L. Henken  Respond to of 1020
 
CLCK works with FISCRIP to provide EBT services through the use of the Quest card in the following participating QUEST States:

Alabama, Alaska, Arkansas, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Idaho, Massachusetts, Missouri, Minnesota, North Carolina, Pennsylvania, Rhode Island.

This should grow to 30 states by the end of 1998. Check out this site for more information:

nacha.org

FiScrip designs, programs and tests the software that is reloaded into
ATM's and debit card point-of-sale machines. FiScrip is one of four companies
certified by Deluxe Payment Systems, an unaffiliated third party, to process EBT
transactions. EBT is a new process and method of distributing federal
entitlements, initially including food stamps, welfare and social security
payments to beneficiaries. In place of printing and issuing checks and other
financial instruments, some beneficiaries of government entitlement programs
receive a debit style card (a "QUEST Card") which operates in the same manner as
an ATM or debit card. The beneficiary of the entitlement program uses this
federally issued card to purchase items utilizing the EBT system. The federal
government may eventually establish individual accounts which will be debited
when a beneficiary makes a withdrawal or purchase.

According to federal government surveys, it is anticipated that by the
year 2000, 60% of the population of the United States will be receiving monthly
income issued electronically and accessible through the use of a QUEST Card.
However, no assurance to this effect can be given. The total dollar value of EBT
transactions (food stamps, aid to families with dependent children and welfare)
in 1998 is estimated by FiScrip to be $60 billion, with an average transaction
size of approximately $23.00, or approximately 450 million transactions per
year. FiScrip's target market share of total dollar volume of EBT transactions
is estimated to be $6 billion or 65 million transactions per year) by January 1,
2000. However, no assurance can be given that there will be this volume of
transactions or that FiScrip will service such a volume of transactions.

The Social Security System will begin distributing benefits using EBT
beginning on January 1, 1999 and expects to have completed full implementation
of the distribution system for benefit distribution using EBT by January 2,
2002. The dollar value for all EBT transactions by the Social Security System is
expected to reach $470 billion annually. However, no assurance to this effect
can be given.

sec.gov

Regards, Jeff