EXHIBIT 5
SQUIRE, SANDERS & DEMPSEY, L.L.P.
41 South High Street
Columbus, Ohio 43215
May 19, 2000
Columbia Capital Corp.
1157 North 5th Street
Abilene, Texas 79601
Re: Registration Statement on Form S-8
Gentlemen:
Reference is made to your Registration Statement on Form S-8 to be
filed with the Securities and Exchange Commission on May 19, 2000 with respect
to 1,250,000 shares of common stock, $.001 par value ("Common Stock"), of
Columbia Capital Corp. to be offered pursuant to the Columbia Capital Corp. 1998
Stock Option Plan (the "Plan"). We are familiar with the Plan, and we have
examined such documents and certificates and considered such matters of law as
we deemed necessary for the purpose of this opinion.
Based upon the foregoing, we are of the opinion that the Common Stock
offered pursuant to the Plan, when issued in accordance with the provisions of
the Plan, will be validly issued, fully paid and nonassessable.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement.
Respectfully submitted,
/S/ SQUIRE, SANDERS & DEMPSEY L.L.P.
