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


To: greg Benfield who wrote (473)7/27/1998 1:28:00 PM
From: Jeffrey L. Henken  Read Replies (1) | Respond to of 1020
 
Columbia Capital Corp. to Process for Greater Nevada Credit Union

biz.yahoo.com

FORT LAUDERDALE, Fla., July 27 /PRNewswire/ -- Columbia Capital Corp. (OTC Bulletin Board: CLCK - news) announced today that its wholly-owned subsidiary First Independent Computers, Inc. (FICI) has signed an agreement with Greater Nevada Credit Union (GNCU), Carson City, Nevada for the processing of its VISA credit card portfolio of 7,500 accounts.

Greater Nevada Credit Union will convert to FICI's VisionPLUS, Year 2000- compliant, processing platform. Ken Klotz, president of Columbia, stated, ''This is the first credit union that we have signed and it is our intention to grow this segment of the industry significantly, using GNCU as our flagship account.''

FICI expects to complete the conversion of the accounts by November 1 and will begin processing for GNCU at that time.

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.



To: greg Benfield who wrote (473)7/27/1998 2:07:00 PM
From: Glenn W  Read Replies (1) | Respond to of 1020
 
I am in the same boat you are/were. I bought expecting nothing but good to happen to the stock, and when it hit the skids last week, I seriously wondered what to do.

Like you, I have decided to consider this a buying opportunity, and to stick with my original decision. I'm going to buy some more.

>>.I still think they have a bright LONG TERM future.<<

Ditto.

Glenn



To: greg Benfield who wrote (473)7/27/1998 3:45:00 PM
From: jammer6468  Read Replies (1) | Respond to of 1020
 
To all;

As you know, I haven't posted for a while. I'm on vacation, went camping in a cabin with no phone or computer, now that's roughing it! Anyway, let's look at the facts. First of all, you were bound to get at least some sort of a pullback due to a rise from $2.50 to over $5. This last pullback was obviously helped by the Best Bank deal. Fact is, we may not loose the business, and if we do, it won't be for at least 3 to 5 months according to Ken Klotz. By that time, as evidenced by today's announcement, we will probably have more than enough business to offset this loss of business,IF WE EVEN LOOSE IT! We should start to see some revenue flow coming from the Mellenium deal starting probably next week (looks like the testing is going well and we're getting close to processing).

IMO, we're not going to miss a beat as far as earnings go, we should still be on track for my year end projections.

If you haven't figured out who this is, I'm using my brother's name to post, because I'm using his computer in Ohio.

I'll be back in Florida next week, I'll try to post sometime if I can get to a computer.

Hang in there everyone, it will get better.

Kevin Flick