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

To: Brenda L. Greer who wrote (445)	7/24/1998 4:20:00 PM
From: joe joe	Read Replies (1) \| Respond to of 1020

.... thanks Brenda. This just hit the news wires.. Columbia Capital Corp. Reports Effect of Receivership of Best Bank July 24, 1998 03:51 PM FORT LAUDERDALE, Fla., July 24 /PRNewswire/ -- Columbia Capital Corp. CLCK (the "Company") today reported the following: The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) announced Thursday, July 23, 1998, that it was appointed receiver for Best Bank, Boulder, Colorado. The bank was closed on Thursday, July 23, 1998, by the Colorado State Bank Commissioner, and the FDIC was named receiver. The Company derives a substantial portion of its revenue by processing credit card accounts for the former Best Bank. The FDIC as well as VISA have indicated the Company will continue processing these accounts for the FDIC under existing contracts. Management of the Company believes that this event will have no significant effect on the operation, revenue or profitability of the Company. The Company continues to operate as it did previously. The Company continues to add new business and to fulfill its obligations to current and new customers such as Millennium Health Card and The Check Cashing Stores. These new customers will begin adding accounts in August 1998. Columbia Capital Corp. operates through its wholly-owned subsidiary, First Independent Computers, Inc. The Company is a multi-faceted information and transaction processing service organization. The services provided by the Company include credit and debit card processing and servicing, transaction processing for the health care industry, bank and financial services processing and document management and distribution services. The Company concentrates on a niche market, consisting of small to medium-sized financial institutions, retailers and health care providers that have not achieved the economies of scale to operate their own in-house programs and systems. Forward-looking statements in this press release are necessarily subject to risks and uncertainties, which may affect the accuracy of such statements. Such risks may include any delays in the addition of business or loss of existing customers. For a full discussion of such risks, please refer to the Company's Form 10-KSB/A for the fiscal year ended December 31, 1997 and subsequent filings. The Company undertakes no obligation to update such factors or to publicly announce the results of any revisions to the forward-looking statements contained herein. SOURCE Columbia Capital Corp. --------------------- What this release says that the taking over by the FDIC will not have any effect on CLCK. The taking over of this account by the FDIC should not affect on revenues as the company moreover continues to add new business. This reaffirms my thinking that CLCK is strong and viable. Revenues are increasing. Jeffery had the right idea to take advantage of this glitch and buy more blocks and watch CLCK soar. THIS IS A STRONG ENERGETIC COMPANY! .

To: Brenda L. Greer who wrote (445)	7/24/1998 5:18:00 PM
From: joe joe	Respond to of 1020

What a tumble it looked like! But underlying strength caused a rebound!

To: Brenda L. Greer who wrote (445)	7/25/1998 1:49:00 PM
From: Jeffrey L. Henken	Read Replies (2) \| Respond to of 1020

Well Brenda I guess we will be hearing soon exactly what is to become of BestBank. There can be no doubt that holding any stock is full of inherent risks. I try to look at situations like this with the positive attitude of a contrarian. There is much less risk of CLCK falling from 3 11/16's than there is from 5 3/8's and a heck of a lot more potential for reward. The FDIC hopes to reopen the bank on Monday. I think the government was well aware of what was going on at BestBank and has already got a buyer. It's very likely that this will be handled in a fashion that will do no harm to Columbia Capital. In fact it may just be a very good thing but only time will tell. Fortunately I don't think we will have long to wait. The FDIC hopes to open the bank on Monday. I certainly feel bad for those who panicked out yesterday. Greed and fear are two reoccurrent themes in every investors life. Selling CLCK because they did business with a bank that has temporarily been shut down while the business changes hands would have been an unfortunate mistake. CLCK is guilty of nothing. The FDIC is aware of this fact. I believe the FDIC will make every attempt to be certain that neither Columbia Capital nor the customers of BestBank are punished for whatever transgressions that proceeded the temporary shutdown of this banking institution. I choose to see this as a buying opportunity. I think we have a great company here with outstanding growth prospects. Certainly BestBank has been a large part of CLCK's growth to date but this company is much more diversified today than it was in 1997. That is a fact. It's also true that CLCK continues to process these accounts and will do so until someone says otherwise. Could that happen? Yes it could but chances are that CLCK will continue to process these accounts. If CLCK did not offer some tremendous advantages to the kinds of small to medium sized banks that would be interested in a bank like BestBank then why would they have been rewarded with the enhanced relationship they have established with PaySys. I'm waiting to see what happens with this situation, just like everyone else, but I am not tremendously worried because I feel the worst is already over. Regards, Jeff