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Post# of 87366
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balamidas

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balamidas

Re: stervc post# 6476

Wednesday, 12/12/2007 8:29:49 AM

Wednesday, December 12, 2007 8:29:49 AM

Post# of 87366
Sterling, "Heritage will develop an action plan to merge with its conduit lender
that will provide the capital infrastructure for launching new business
and funding remaining BCLOCs in the pipeline."


it is from october 18(shareholders meeting) news :


Heritage Capital Credit Corporation Announces Plans at Shareholders' Meeting
WILMINGTON, Del., Oct. 18 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) announced the election of directors and upcoming plans at the Shareholders' Meeting today.

Prashant J. Patel, James M. Cloud and Gwendolyn C. Johnson were elected as Directors of Heritage. These directors will serve on the Board of Directors until the next Annual Meeting of the Shareholders or until their successors are duly elected and qualified.

Plans and Announcements:

Management of the Company introduced the following plans at the Shareholders' Meeting. More information about each announcement will be forthcoming in press releases and on the website: http://www.heritagecapitalcreditcorp.com.

-- October 19, 20 and 21, our staff will participate in the Wealth Expo in
New York in an effort to appeal to a broader span of institutional
investors.
-- Heritage expects to fund the first BCLOC, which will allow the Company
to start its stock buy back program.
-- Heritage is planning to launch a small commercial mortgage product to
fund projects ranging from $500,000 to $1.5 million.
-- A new commercial loan, named the TR2 Loan, will be rolled out. It is
based on an 80% first mortgage and a 20% second mortgage that is
flexible and provides an average interest rate that is lower than the
current market rate.
-- In early 2008, Heritage will introduce a residential mortgage product
to answer the sub- prime crisis.
-- Heritage will develop an action plan to merge with its conduit lender
that will provide the capital infrastructure for launching new business
and funding remaining BCLOCs in the pipeline

that is really HUGE for HCPC ,IF done it is going to take this company to the next level.
with share buyback and such an action the pps is going to see considerable appreciations
regards

join me @ HUSTLA's CORNER http://investorshub.advfn.com/boards/board.asp?board_id=6198
@ BREAKOUT TRADERS http://investorshub.advfn.com/boards/board.asp?board_id=4929

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