SOURCE: Omega Commercial Finance Corporation

Omega Commercial Finance Corporation

March 14, 2014 08:00 ET

Omega Commercial Finance Corporation a Dynamic Company Primed for Success in the Small Cap Growth Sector

"Omega Venture Capital Acquires Piece of NCM Wireless With Historical Revenues of $4.7MM"

MIAMI, FL--(Marketwired - Mar 14, 2014) - Omega Commercial Finance Corporation (OTCQB: OCFN) a publicly traded financial holding company recently launched another subsidiary, Omega Venture Capital LLC (OVC), which focuses on acquiring and/or investing in small to middle market companies that have created specific niches intentionally oriented to garner wider profits to effectively drive down the burn rate of cash flow. More importantly, these targets will also be selected based on their probability and attractiveness for future IPO's and or spin offs upon Omega capitalizing them.

Consequently, OVC executed its 1st acquisition recently by purchasing a 49% minority stake of NCM Wireless Inc., a private company and experienced Amazon merchant who has years of expertise in buying and selling specific models of mobile phone devices of the leading brands. These are the most highly sought after units that remain top sellers on the Amazon web portal. NCM Wireless works around the global clock to deliver those high-in-demand products within their window of peak popularity, which presents the opportunity for higher profit margins. OCFN Management approximates this acquisition could be accretive to future earnings based on its 8-month historical revenue of $4.7 million. Eran Danino, Managing Member of OVC states, "NCM Wireless is compelling not only because of their unique algorithm which identifies only the most sought after mobile devices sold on Amazon along with their window of peak popularity, it's their ability to turnover cash 2x to 3x a month creating constant short-term revenue at healthy profit margins that makes this so intriguing."

OCFN's Recent Accomplishments

Over the course of a year management has orchestrated the increase of OCFN's balance sheet by $43-million in cash from direct investments. This was coupled by opening its new 6,500 sq./ft. Class A office space located on Brickell Avenue in downtown Miami, Florida to house Omega Capital Street, its lending and capital markets advisory subsidiary. The Brickell office will also house other operations acquired as part of OCFN's future diversified umbrella of companies. Omega Capital Street is hiring ten (10) seasoned professionals with industry experience ranging from Goldman Sachs to private hedge fund associates and high-powered finance advisors. Management feels they can immediately make a huge impact with their assistance in leveraging $40-mm of OCFN's capital used to originate financing opportunities projected up to $300-million in commercial real estate, CMBS-style senior-mortgages, bridge and mezzanine loans, factoring, and asset-based loans.

Key Capital Commitments:

  • $3mm Equity Investment - OCFN closed on a $3 Million equity investment through the direct placement of its common stock to three private investors on September 13, 2013. The 30 million shares purchased at $0.10 per share.

  • $40mm Capital Investment - OCFN filed an 8-k material event on October 9, 2013 to consummate a corporate action that entailed the closing of a cash investment and execution of its capital markets strategy through a Unit Subscription Agreement with nine investors. The investment encompasses the sale of 900 units each priced at $45,156.85 totaling a $40,642,069 investment that was deposited into an OCFN cash account.

  • Long Term Growth Capital - OCFN negotiated with these nine investors, the issuance of 101,258,100 Warrants (the "Common Stock Warrants") that will give them the right to purchase additional OCFN shares over the next 3-years at a projected target price of $1.42 per share or a total cash payment of an addition $143,819,202 to OCFN. 

OCFN believes there is a remarkable amount of opportunities in the balance of this year moving onward extending into next year and well into the next decade. As a result of these key strategic moves, OCFN has positioned the company to become a top regional financial holding company possessing the cash to ignite that growth.

Safe Harbor

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Omega Commercial Finance Corp., its directors or its officers with respect to, among other things: (i) our expectations regarding revenues and earnings; (ii) our growth strategy and operating strategy; and (iii) our ability to attract new registered representatives. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," "project" and similar expressions are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those projected in the forward-looking statements.

Contact Information

  • Omega Commercial Finance Corporation
    Investor Relations
    1-877-912-OCFN (6236) Ext. 0