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To: Jeffrey L. Henken who wrote (94)	7/30/1998 4:15:00 PM
From: Jeffrey L. Henken	Respond to of 120

Columbia Capital Signs Platinum-ICS biz.yahoo.com ABILENE, Texas, July 30 /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 Platinum-ICS, Inc. (PICS) for the processing of its national heath card. Platinum-ICS is an integrated communication technology and service company, which has recently signed its first health care industry processing, and receivables management contract with Presbyterian Hospital, Greenville, TX. PICS president, Ed Gerhardt said ''Our concept is a new process for handling receivables for healthcare providers. It is a process designed to reduce costs by spreading these costs among multiple providers who serve a common patient. Instead of multiple providers, each sending bills to patients for amounts due from them after insurance processing, now there will be one statement for all of the providers with an easy payment plan.'' This will significantly reduce billing and collection costs and will result in higher collection ratios. According to Gerhardt, the agreement with FICI will give PICS the back room support to expand rapidly throughout Texas, then nationally. Providers pay fees similar to group purchasing arrangements and earn interest from performing accounts receivables. The results are that for the first time healthcare providers can utilize a better process for collecting amounts owed them at a cost that is significantly below what they have previously experienced. As the number of participating providers increase, the cost to each provider will decrease. ''FICI has devoted a significant amount of time developing the custom software for this program,'' according to President, Ken Klotz, ''but with each participating provider processing all of its patient pay transactions through FICI, we anticipate that will represent a significant increase in revenue for CLCK.'' Gerhardt said that PICS is making plans to manage $1 billion in accounts receivables by the year 2001. 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.