SOURCE: Omega Commercial Finance Corporation

Omega Commercial Finance Corporation

November 20, 2012 09:33 ET

Omega Commercial Finance Corporation Hires Executive Acquisitions Advisory Board Chairman to Oversee the Mergers & Acquisitions Growth Strategy

MIAMI BEACH, FL--(Marketwire - Nov 20, 2012) - Omega Commercial Finance Corporation (OTCQB: OCFN) today announced the hiring of John Busacca as the Chairman of their Executive Acquisitions Advisory (sub) Board that reports to Jon S. Cummings IV, President and Chairman of the company's principal Board. Mr. Busacaa will advise OCFN on strategic growth and acquisition action plans slated to efficiently grow OCFN into a top regional financial public holding company. The Executive Acquisitions Advisory Chairman shall meet with the Board in person at least quarterly and shall give the Board an update on potential acquisitions, valuations of current targets, as well as due diligence on current positions. As a holding company, OCFN has been active over the past several months focusing on the merger and acquisitions of undervalued, revenue generating, and financial service related companies that operate in the high-growth, niche-capital market sector. OCFN plans to leverage its status as a public entity to assist acquired companies to achieve and grow their profitability. Thus, Mr. Busacca shall present suitable investment firms, broker dealers, financial advisors, insurance firms, registered investment advisors, and brokers to OCFN for consideration on acquisitions, mergers, and or employment. More importantly, for the integration and or marketing of OCFN capital markets products to fund its subsidiary lending division's operations. Mr. Busacca has over 20 years of expertise in the capital markets industry and has owned, operated, and managed brokerage firms. He is also part of the Securities Industry Professional Association (SIPA) that has a radio news report and newsletters subscribed to by over 25,000 retail brokers, institutional advisors, and or owners within the capital markets sector. Jon S. Cummings IV states, "I believe that one person alone cannot corner the market in great ideas, therefore by bringing in Mr. Busacca it will garner proven viewpoints to quickly yield results in becoming a diverse top-regional, financial holding company."

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) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. 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

  • Andrew J. Barwicki
    Barwicki Investor Relations Inc.
    110 Wall Street 11th Fl.
    New York, New York 10005
    Contact: Andrew@barwicki.com