Heritage Capital Credit Corporation News

Heritage Capital Credit Corporation Provides Corporate Update

WILMINGTON, Del., June 18 PRNewswire-FirstCall — Heritage Capital Credit Corporation (Pink Sheets: HCPC) provides the following update on the current activities of the Company.

— The Company has signed up for the OTC Market Report that provides market data enabling management, board members and shareholders to view the "HCPC" stock performance. The reports will be posted regularly on the website: http://www.heritagecapitalcreditcorp.com.

— The Company's subsidiary, Independent Capital Credit Corporation, has updated its list of projects in the pipeline. For more information, visit http://www.independentcapitalcreditcorp.com.

— The Certified Public Accountants are continuing the process of completing the financial audits for 2005, 2006 and 2007 and a review of the first quarter ending March 31, 2008. The financial results for the first quarter ended March 31, 2008 are expected to be released as soon as possible.

About Heritage Capital Credit Corporation

The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to arrange financing for real property and commercial revenue producing assets.

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 the ability of the auditor to finalize the financial audit, actual results may differ materially from the expectations expressed in the forward-looking statements.

Contact: Heritage Capital Credit Corporation Richard Razzeca, VP Investor Relations 302-778-4222 info@heritagecapitalcreditcorp.com

SOURCE Heritage Capital Credit Corporation

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