Post by bg317 on Mar 13, 2008 12:35:23 GMT -5
Heritage Capital Credit Corporation Posts 2007 Year End Preliminary Financials
- A Reduction in Losses and - Projection of Positive Earnings for First Quarter 2008 Financial Report
WILMINGTON, Del., March 13, 2008 /PRNewswire-FirstCall via COMTEX/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) published its 2007 year end preliminary unaudited financial statements, whereby its net losses per share in 2007 were ($0.0003) versus ($0.0044) in 2006.
The year end preliminary unaudited financial statements reflect a 2007 year end loss of $701,654 or a reduction of $4,516 from its restated 2006 year loss of $706,170.
In events subsequent to the year end financial statements, Heritage closed on two transactions, in late February 2008. These closings are projected to show positive financial performance in the 2008 first quarter financial statements, which will be published in early April 2008.
To view the year end Financial Statement, visit www.heritagecapitalcreditcorp.com or www.pinksheets.com.
About Heritage Capital Credit Corporation
The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to prepare real property and commercial revenue producing assets for funding. To date, the Company has closed two transactions and is working with four additional applicants.
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, actual results may differ materially from the expectations expressed in the forward-looking statements.
Contact: Heritage Capital Credit Corporation
Richard Razzeca, VP
Tel: 302-778-4222
Email: info@heritagecapitalcreditcorp.com
SOURCE Heritage Capital Credit Corporation
- A Reduction in Losses and - Projection of Positive Earnings for First Quarter 2008 Financial Report
WILMINGTON, Del., March 13, 2008 /PRNewswire-FirstCall via COMTEX/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) published its 2007 year end preliminary unaudited financial statements, whereby its net losses per share in 2007 were ($0.0003) versus ($0.0044) in 2006.
The year end preliminary unaudited financial statements reflect a 2007 year end loss of $701,654 or a reduction of $4,516 from its restated 2006 year loss of $706,170.
In events subsequent to the year end financial statements, Heritage closed on two transactions, in late February 2008. These closings are projected to show positive financial performance in the 2008 first quarter financial statements, which will be published in early April 2008.
To view the year end Financial Statement, visit www.heritagecapitalcreditcorp.com or www.pinksheets.com.
About Heritage Capital Credit Corporation
The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to prepare real property and commercial revenue producing assets for funding. To date, the Company has closed two transactions and is working with four additional applicants.
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, actual results may differ materially from the expectations expressed in the forward-looking statements.
Contact: Heritage Capital Credit Corporation
Richard Razzeca, VP
Tel: 302-778-4222
Email: info@heritagecapitalcreditcorp.com
SOURCE Heritage Capital Credit Corporation