Security Asset Signs With Inflow to Host & Manage the Debt Registry.Business Editors LAS VEGAS--(BUSINESS WIRE)--June 14, 2002 Security Asset Capital Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SCYA SCYA Southern California Yachting Association ) announced today that it has formed a strategic alliance partnership with Denver-based Inflow Inc., to host and manage the Debt Registry(TM), a patented online registration and tracking system specifically developed for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Inflow is a leading provider of managed Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and IT services. "The Debt Registry(TM) requires absolute reliability and we cannot afford to be concerned about system reliability or if a system is up or performing at capacity," said Dan Johnson Dan Johnson may refer to:
"Inflow is excited to have Security Asset Capital as one of its recent additions to its growing list of clients. Our mission is to provide Debt Registry(TM) with the most reliable, secure and seamless connection to the Internet," said Rick Crutchley, general manager for Inflow. "The Debt Registry(TM) is the type of customer that fits Inflow's business model well, they looked for local presence, first-class customer service and an onsite technical staff to continue to grow their business. We look forward to a long lasting relationship." The Debt Registry(TM) provides a new and cost-effective solution for managing and tracking debt-based asset debt-based asset An investment in the debt of another party. Savings accounts, bonds, annuities, and certificates of deposit are all debt-based assets because they represent debt of the issuer. portfolios. It provides a secure, accessible storage system and environment whereby companies doing business in this industry can conduct due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. related to possible transactions, including the ability to verify ownership and view critical information on accounts in the system. The Debt Registry(TM) is committed to providing a structure to improve the integrity of the financial services industry and to help reduce potential fraud and misrepresentation misrepresentation In law, any false or misleading expression of fact, usually with the intent to deceive or defraud. It most commonly occurs in insurance and real-estate contracts. False advertising may also constitute misrepresentation. . The company's motto is "Make sure what you see is what you get (jargon) What You See Is What You Get - (WYSIWYG) /wiz'ee-wig/ Describes a user interface for a document preparation system under which changes are represented by displaying a more-or-less accurate image of the way the document will finally appear, e.g. when printed. ", and their goal is to assist the industry in consumer protection. The Debt Registry(TM) will be hosted in Inflow's Phoenix based data center, a 20,000 square foot facility, located in the Arizona Republic Building in downtown Phoenix. About Inflow Companies with critical Internet and infrastructure applications trust Inflow's Internet Data Centers (IDCs) and managed hosting services, which enhance Web performance, ensure Internet uptime and deliver the highest customer satisfaction. Inflow guarantees 100 percent Internet availability through multiple Tier-1 ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. networks, offering a highly scalable, reliable service. Inflow's cost-effective services, backed by certified engineers and first-rate customer service, allow companies to focus on their core businesses. Launched in 1997, Inflow has raised more than $295 million in equity and services more than 650 customers in 12 key markets. For additional information and IDC locations, please visit www.inflow.com. About Security Asset Capital Corp. Security Asset Capital Corp. (OTCBB:SCYA) is an experienced leader in the lucrative asset liquidation industry. The company's premiere subsidiary and product is The Debt Registry, a patented Internet based registration and tracking solution developed for the financial services industry. The Registry is dedicated to providing a highly secure yet easily accessible environment for storing, retrieving and tracking valuable debt ownership records, allowing companies doing business in this industry the ability to easily conduct due diligence related to possible transactions, including the ability to verify ownership and experience information regarding accounts within the system. In addition, the system is designed to assist consumers in locating delinquent accounts and verifying ownership of these accounts prior to settlement. This news release includes "forward-looking statements" that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in their company's reports filed with the Securities Exchange Commission. For additional information regarding Security Asset Capital Corp. or the Debt Registry, please visit www.securityasset.com or contact Darrell Musick at 800/954-8700. |
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