SOURCE: Omega Commercial Finance Corporation
MIAMI, FL--(Marketwire - Sep 26, 2012) - Omega Commercial Finance Corporation (OTCQB: OCFN) has authorized the facilitation of a proven capital markets strategy available to public companies that will structure its own internal version of a credit facility. For compliance considerations, limited information can be disclosed however this strategy will be promoted to designated institutional investors and facilitated by licensed financial services firms, yet to be determined. Management's motivation behind this proven capital markets strategy is to generate up to $1-billion in potential lending proceeds for its subsidiary lending companies. This established capital markets strategy in many ways should create an imminent competitive advantage over other small-cap finance companies and private lenders that primarily compete in originating, investing, acquiring, and managing senior-performing commercial real estate mortgage loans, CMBS's, CRE Corporate-debt, and other commercial real estate debt investments in the U.S. and globally. President, Jon S. Cummings IV states, "With institutional investors seeking yield coupled with the US Treasury benchmarks trading at record lows and the recent initiation of QE3, we think yields are going to remain at these low levels for the foreseeable future. Hence, Omega has created a competitive strategy specifically by offering an attractive risk-adjusted premium, which could make this eye-catching to Yield-Hungry participants." More importantly and operationally, OCFN has formulated strong back-office support teams for this potential massive inflow of capital.
Omega trades as a commercial real estate lender and specialty finance holding company and through its subsidiaries, Omega CRE Group LLC and Omega Capital Street LLC will exclusively use these proceeds to fund their lending operations.
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.