Heritage Capital Credit Corporation announced preliminary unaudited earnings results for the year 2007. For the year, the Company reported net losses per share of $0.0003 versus $0.004 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.

Heritage Capital Credit Corporation has announced the closing of two financings totaling $11.1 million for its BCLOC Program. The first transaction was for $808,000.00, which closed on February 22, 2008. This included a separate $234,000 renovation loan for a small hotel. The funding for this hotel will commence upon the first construction draw for renovation. The second transaction for the commercial office building closes in two phases. The first phase closed for $10,307,000. The second phase is for $5,500,000, which was arranged by the Company through an independent third party lender. The funding is scheduled to commence on March 7, 2008. Both loans were closed as part of the BCLOC Program.

Heritage Capital Credit Corporation announced earnings results for the fourth quarter of 2007. The fourth quarter 2007 Financial Statement reflects a fourth quarter net loss of $246,546, which represents $5,367 more than the fourth quarter loss of $237,159 at fourth quarter 2006.