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

To: Tensane 1 who wrote (552)	8/25/1998 4:38:00 PM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 1020

Columbia Capital Corp. Responds to Rumors, Announces No Drop in Credit Card Revenues Due to Failure of Bestbank; Bank Failure Results in New Customers for Company FORT LAUDERDALE, Fla., Aug. 25 /PRNewswire/ -- Columbia Capital Corp. (OTC Bulletin Board: CLCK - news) announced today that its credit card revenues since the closing of BestBank, its largest customer, by the FDIC, have been unaffected. Columbia's wholly-owned subsidiary First Independent Computers, Inc. (FICI) continues to provide processing services for the FDIC as it did for BestBank. Numerous rumors have been circulating about the nature and extent of the Company's operations and revenue. The Company has put out this release to set the record straight. According to Ken Klotz, president of Columbia, the closure of the bank has opened up a number of doors for us in developing new customers. He stated, ''As other financial institutions take over the many existing BestBank programs, we are developing new client banks, who may also have other business that requires our processing capabilities. Some of those institutions are presently struggling with what to do since their present processors are not Year 2000-compliant. Klotz went on to say that he expected to announce several new client banks in the next few weeks, as contracts are being signed. 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. biz.yahoo.com Looks like you were right Kevin. Regards, Jeff