Columbia Capital Corp. Signs to Process for Delaware Bank Card.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--June 11, 1998--COLUMBIA CAPITAL CORP. (Nasdaq:CLCK-BB) announced today that it had signed an agreement with Delaware Bank The Delaware Bank is an area of shallow water 20 miles off Galera Point on the east coast of Trinidad to the south of Tobago. The seafloor comes to within six fathoms (11 meters) of the surface, making the bank a hazard for shipping. Card to provide processing services for the Delaware-based card issuer. CLCK's wholly-owned subsidiary, First Independent Computers, Inc. (FICI FICI Fractional Inhibitory Concentration Index FICI Failed Instrument Component Inspection ) will be providing card embossing embossing, process of producing upon various materials designs or patterns in relief by mechanical means. The material is pressed between a pair of dies especially adapted to its hardness and the depth of the design needed. and encoding service, as well as statement processing. Ken Klotz, President of Columbia stated, "There are many small to medium-sized institutions including independent sales organizations (ISO's) that are looking to responsive organizations such as Columbia for their card production and statement processing services. FICI, with its state-of-the-art card production equipment, high speed laser printers, and mailing equipment is in an excellent position to take advantage of these lines of business." Hal Horton, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Delaware Bank Card, stated, "We chose FICI for our outsourcing needs, because of their commitment, turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. and DataCard 9000 card production equipment." President Klotz also stated, "Once Delaware Bank Card completes their testing and initial marketing activities, they will begin aggressively signing various financial institutions for the issuance of ATM and check cards. Columbia Capital Corp. operates through its wholly-owned subsidiary, First Independent Computers, Inc., which is a multi-faceted information and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. service organization. The services provided by the Company include credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. 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. CONTACT: Columbia Capital Corp. Charles LaMontagne, 915/674-3110 |
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