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

To: Glenn W who wrote (481)	7/28/1998 1:45:00 PM
From: Jeffrey L. Henken	Respond to of 1020

Columbia Capital Corp. Assisting Customers to Find New Banking Relationships After BestBank Closure biz.yahoo.com New Relationships Will Diversify CLCK Customer Base FORT LAUDERDALE, Fla., July 28 /PRNewswire/ -- Columbia Capital Corp. (OTC Bulletin Board: CLCK - news) announced today that its wholly-owned subsidiary First Independent Computers, Inc. (FICI) is working with its customers who are affected by the closure of BestBank in Boulder, CO, by the Colorado Department of Banking and the FDIC. According to Ken Klotz, president of Columbia, BestBank sponsored a number of debit card programs for other companies that have been affected by the closure of the bank. While all of the bank's credit card programs remain intact and FICI is continuing to process them for the FDIC, the debit programs require new sponsoring banks. Klotz indicated most of the debit programs were in various stages of pre- launch and that the change in sponsoring bank should not significantly affect the launch dates. He went on to say that the Company has had significant interest from a number of sources in these programs, due to the high profit and low risk of these programs. Mr. Klotz went on to say that, in discussing the transfer of these programs with other institutions, we're finding that there are other potential relationships with those institutions, for programs that those institutions now have in the development stage. Mr. Klotz stated that while the closure of BestBank came as a total surprise to the Company, the resulting diversification of FICI's customer base, from various institutions taking over these programs, is positive, because it will eliminate the Company's dependence on one major customer. Columbia Capital Corp. operates through its wholly-owned subsidiary, First Independent Computers, Inc., which is a multi-faceted information and transaction processing service organization. The services provided by the Company include credit and debit card processing, 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, 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 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.