``SCYA'' President Darrell Musick Elected Treasurer of the Debt Buyers' Association.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 23, 2000 Darrell Musick, president of Security Asset Capital Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SCYA SCYA Southern California Yachting Association ), was elected treasurer of the Debt Buyers' Association on Friday, Feb. 18, 2000. The Debt Buyers' Association (www.debtbuyers.com) is a network of industry professionals dedicated to building a reliable and credible market for delinquent receivables. Musick oversees SCYA's 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. , TheDebtTrader.com (www.thedebttrader.com), an Internet company that provides a forum for the asset liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy industry to buy and sell loan portfolios online and network with other industry members. The site will host its first Web Chat Hour today, Feb. 23, 2000 at 1:00 p.m. PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT . Musick will be the guest speaker. As a fully integrated technology company, Security Asset Capital Corp. and its subsidiary, Broadband Technologies Inc. specialize in the development of multimedia applications for a variety of industries. Through the applied use of its patented 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. Additional information can be found at www.scyainfo.com. Security Asset Capital Corp. owns and manages four subsidiaries: Broadband Technologies Inc., TheDebtTrader.com (formerly known as "The Note and Paper Trader"), Security Asset Management Inc., and Security Asset Properties Inc. (formerly known as "Four D Corporation"), 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 Corp. to be materially different from these expressed or implied by such forward-looking statements. |
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