Heritage Capital Credit Corporation Retains New Auditor

WILMINGTON, Del., July 9 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) today announced that it has rescheduled the completion of its financial audit due to the enormity of accounting work required of the Certified Public Accountants to cover the period of 2004 through 2007.

The Certified Public Accountants previously contracted to complete the audit needed to resign due to a lack of independence, in accordance with Generally Accepted Auditing Standards (GAAS). The firm has agreed to continue on as consultants for preparing accounting information and reports that will assist the new auditor in the preparation of the audited statements.

Gruber & Company LLC has been retained to conduct audits of the financials for year-end 2006 and 2007, as well as reviews of the financials for the first and second quarters of 2008.

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. For more information about Heritage, visit: http://www.heritagecapitalcreditcorp.com/, and its subsidiary at http://www.independentcapitalcreditcorp.com/.

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 secure an independent audit of its financial records, 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

CONTACT: Richard Razzeca, VP of Heritage Capital Credit Corporation, +1-302-778-4222, info@heritagecapitalcreditcorp.com

Web site: http://www.heritagecapitalcreditcorp.com/ http://www.independentcapitalcreditcorp.com/

COPYRIGHT 2008 PR Newswire Association LLC
COPYRIGHT 2008 Gale, Cengage Learning