HCPC reverse merger talk
Heritage is in Discussions with London Based Insurance Company Concerning Future Relationship
Heritage Capital Credit Corporation (OTC: HCPC) today announced that it has begun discussions to merge or otherwise combine with a London based insurance company and with its commonly controlled financial guaranty company First Life Financial Corporation.
Once the merger or other business combination is completed, the new company is expected to give Heritage a strong financial base and gives us the ability to move forward in the international global market in the sophisticated financial guarantee and structured finance markets merging the capital, derivative and insurance markets.
The merger is expected to be finalized in early 2007.
For more information, visit our websites: www.IndependentCapitalCreditCorp.com and www.HeritageCapitalCreditCorp.com.
This press release may contain forward-looking statements within the meaning of federal securities laws that involve significant risk and uncertainties. The words "estimate," "possible," "seeking," and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risk and uncertainties, some of which cannot be predicated or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risk.
Heritage Capital Credit Corporation, Wilmington, Delaware
Johanna W. Daye, 866-437-4222 Ext. 1015
or
Richard L. Razzeca, 866-437-4222 Ext. 1018
Source: Business Wire (December 15, 2006 - 2:57 PM EST)
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