``SCYA'' Completes Large Portfolio Sale & TheDebtTrader.Com Announces Promotion.Business Editors LAS VEGAS--(BUSINESS WIRE)--March 27, 2000 Security Asset Capital Corporation (SCYA SCYA Southern California Yachting Association :BB) has completed a sale of credit card loans to an East Coast buyer of approximately $23.5 million face value and is continuing final negotiations with the buyer to purchase the same amount every month for the next 12 months. Security Asset Capital Corporation's subsidiary, TheDebtTrader.Com has arranged a promotional program for a limited time to enable sellers to list their loan portfolios for free on this Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Selling Portal. As a fully integrated e-commerce and technology company, Security Asset Capital Corporation and its subsidiary, Broadband Technologies broadband technology Telecommunications devices, lines, or technologies that allow communication over a wide band of frequencies, and especially over a range of frequencies divided into multiple independent channels for the simultaneous transmission of different signals. , Inc., specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in the development of multimedia applications for a variety of industries. Through the applied use of patented and patent pending data warehousing See data warehouse. data warehousing - data warehouse methods, SCYA and Broadband Technologies are dedicated to becoming an industry leader in providing quality full-screen, on-demand video. Security Asset Capital Corporation owns and manages four subsidiaries: Broadband Technologies, Inc., TheDebtTrader.Com, Security Asset Management, Inc., and Security Asset Properties, Inc. and works to create technological solutions for each of these entities. Certain statements in this release constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Security Asset Capital Corporation to be materially different from these expressed or implied by such forward-looking statements. |
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