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Heritage Capital Credit Corporation Posts 2nd Quarter Financials
Wilmington, DE - (WORLD STOCK WIRE) - July 27, 2007 -- Heritage Capital Credit Corporation (Pink Sheets OTC: HCPC) announced today that the Company has published its Second Quarter Disclosure Statement using the Form 15c211 Format on www.pinksheets.com and on its website, www.heritagecapitalcreditcorp.com.
The Disclosure Statement provides a succinct description of the Companys business, the second quarter financial statements and current information.
The second quarter 2007 Financial and Disclosure Statement reflects a second quarter loss of $243,000 or ($.0011) per share, fully diluted at June 30, 2007. This is an increase of $6,000 from its 2006 second quarter loss of $237,000 or ($.0015) per share fully diluted at June 30, 2006.
About Heritage Capital Credit Corporation
The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to process, originate, and prepare real property and commercial assets for securitization. Once securitized, they can be delivered to investors for funding.
Using proprietary software and loan modeling techniques, Heritage can underwrite real property and commercial projects based solely on cash flows.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and consummate the proposed acquisition, actual results may differ materially from the expectations expressed in the forward-looking statements.
Investor Relations: Mark Taggatz, WSMG Tel: 760-329-4169 email: info@wsmg.biz
Richard Razecca Heritage Capital Credit Corp 200 West 9th St. Wilmington, DE 19801 USA
Phone: 866--437-4222 ext. 1018 Fax: 302-778-1023
Source: Heritage Capital Credit Corp Note: The following press release was submitted by: Heritage Capital Credit Corp, and World Stock Wire, Inc. is not liable for the contents of this press release.
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