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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK) -- Ignore unavailable to you. Want to Upgrade?

To: KLAW97 who wrote (392)	7/12/1998 12:43:00 AM
From: Jeffrey L. Henken	Read Replies (2) \| Respond to of 1020

Lets talk P/E's. TSS is a much larger but very similar company to CLCK. They have over 3000 employees compared to CLCK's 82. They also have over 15 times as many shares issued but I would like you to read the company profile from Yahoo: biz.yahoo.com TSS, through its wholly owned subsidiaries, provides credit, debit commercial and private-label card processing services. For the three months ended 3/31/98, total revenues increased 16% to $96.3 million. Net income increased 20% to $10.3 million. Revenues reflect higher revenues from bankcard data processing services due to the conversion of cardholder accounts of new customers and growth in card portfolios. Net income also reflects increased interest income. How about checking out the P/E on this issue: quote.yahoo.com Total Systems Services: TSS Current Share Price: $20 3/8's Ea/Share: $0.26 Current PE: 79.81 Market Cap: $3.953 Billion Columbia Capital has earned 8 cents in the first two quarters. I feel that things will be only getting better in future quarters. Time will tell just what kind of a P/E the market will reward CLCK with for continued rapid earnings growth. Regards, Jeff

To: KLAW97 who wrote (392)	7/17/1998 1:43:00 PM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 1020

On Thursday May 21st CLCK was able to sign two large contracts because of their Y2K compliance in the credit/debit card processing area: biz.yahoo.com I think we will see more contracts signed by Columbia Capital, hopefully soon, because of their Y2K compliance. Just how big a problem is the Y2K problem for banks that process credit and debit cards? I was amazed how much information I found on a simple search I ran on Excite today. The following article is just one example: pcmike.com Banks, Credit Card companies nervous as Year 2000 "crunch time" nears (Note: This is a 1997 story...but it's included to show what has changed... and what hasn't... as we draw closer to Y2K) By Mike Wendland August 21, 1997- The nation's major credit card issuers are facing a crunch time this fall when they have to start issuing new cards that expire after the turn of the century. Already, at least one lawsuit has been filed because of computer crashes caused by Year 2000 credit cards. (See PC Mike Special report "Y2K Problems Begin: Computers Start Crashing") But problems have been widespread and severe, so severe that unbeknownst to the public, all the big players in the credit card business stopped issuing cards that expire in 2000. It used to be that credit cards were good for five years. But since last year, when computer systems that keep track of financial transactions began crashing with the new post-millenium expiration dates, the industry quietly stopped issuing cards with longer terms and changed to an expiration policy of every two years. That means that starting in January 1998, all renewal and new cards will have to bear expiration dates in the year 2000. So... it's put up or shut up time. Visa and MasterCard have been feverishly working to upgrade their computer systems to recognize expiration dates after the year 2000. They now believe they have largely solved their own problems with balky old software that could only handle years that began with the digits "19." But whether the computer systems of the banks, retail stores and service outlets they hook up with will also be able to recognize and process such transactions is another issue. To minimize incompatibility problems with other systems, Visa and MasterCard plan to gradually start issuing their new cards this fall on a regional basis. That way, previously undetected glitches will not shut down the entire system. Other card issuing firms, however, are not as far along. American Express still isn't issuing cards with expiration dates later than December 1999 and a spokesperson said she has no ideas when the company will be able to handle the Year 2000 problem. A spokesman for Discover Card, the fourth of the nation's so-called "Big Four" of credit cards, said they will be ready to test Year 2000 expiration dates on cards "hopefully by the end of the year." Columbia Capital uses Kirchman Dimension software which is fully Y2K compliant. The percentage of banks fighting to establish Y2K compliance is astounding. I think we will see more small to mid sized bank businesses switching to Columbia Capital and CLCK's Y2K compliant systems will be one big reason why. CLCK enhanced relationship with PaySys will also bring more business our way. This will be a tremendous windfall to Columbia Capital and it's shareholders. I think a significant point that many people may not understand is that banks are being forced by their regulators to demonstrate that they are year 2000 compliant. If they are unable to do this by the date specified by the regulators, they must designate a backup processor. Many small banks do not do their own internal processing (we're not talking credit cards, we're talking about all of the bank's other services). They use outside service bureaus. Take BestBank for example. The only thing they do internally is run checks through a proof machine. The checks are then sent to the processor who posts them to the customers' accounts and sends them through the Fed. All of the bank's loans, deposits, general ledger and everything else is handled by the third-party processor. BestBank switched to Columbia because their processor couldn't assure them that they would be able to be Y2K compliant in time. There are also many small banks that process internally, but they are doing so on old systems, that may or may not be able to be made Y2K compliant. All of these small banks potentially fall into the realm of future customers for CLCK services. Regards, Jeff