``SCYA'' Changes Name of Subsidiary to ``TheDebtTrader.com''.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 10, 2000 Security Asset Capital Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SCYA SCYA Southern California Yachting Association )(&uot;SCYA&uot;) has changed the name of its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , The Note and Paper Trader, to &uot;TheDebtTrader.com.&uot; &uot;TheDebtTrader.com&uot; is an Internet marketing See Internet advertising. company which has created a dynamic new presence for Internet sales of loan portfolios through its Internet portal, &uot;TheDebtTrader.com.&uot; This company enables SCYA to utilize the power of the Internet to network together buyers and sellers of loan portfolios on an instant basis. Since SCYA's acquisition, over $40 million in sales have taken place through this site. Security Asset Capital Corp. is a technology and finance company that is currently developing e-commerce and streaming and caching of video for the multimedia and financial services industries. |
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