SOURCE: Omega Commercial Finance Corporation

Omega Commercial Finance Corporation

October 08, 2013 08:00 ET

Omega Commercial Finance Corporation Retains Proven Equity Advisor Over Investment Banker to Implement $50-MM Capital Markets Programs

MIAMI BEACH, FL--(Marketwired - Oct 8, 2013) -  Omega Commercial Finance Corporation (OTCQB: OCFN), a publicly traded financial holding company, has officially engaged an astute Equity Advisor, whom is not an investment bank, but rather a productive channel facilitating cash investments through their international and institutional clientele. Accordingly, as previously announced yesterday this lead to the recent closing of a $3 Million equity investment to OCFN through the direct placement of its common stock to three of the Equity Advisor's private investors.

This affiliation allows OCFN to circumvent the costly process of retaining various investment bankers. Jon S. Cummings IV, Chairman, states, "This relationship has the immediate capacity and capability to assist OCFN with its ability to fund up to $50-MM in equity i.e. 'cash' capital for each targeted opportunity, which will shape OCFN's long-term growth strategy." Additionally, Management has stated they are in negotiations to move quickly and have structured a model to support Omega Capital Street's growth curve over the next 3 years. 

The Equity Advisor utilizes a unique investment model, which ties the investment valuation to the growth curve of OCFN's short to medium-term revenue projections. The metrics are then linked to the achievement of the valuation milestones with the Advisor's proprietary Value Added Model. These mutual goals place all players involved on a parallel line ultimately aiding in the value creation. 

2013 OCFN Accomplishments

Over the course of the year Management has orchestrated a diversified umbrella of companies through various acquisitions including a minority stake in VFG Securities Incorporated, a full service broker dealer, and VFG Advisor, an RIA firm with $170-million in Assets Under Management. Additionally OCFN bought a factoring franchise operating as Omega Factoring LLC with a credit facility intact and has also formed Omega Capital Street to operate as OCFN's direct balance sheet lender to originate commercial real estate, CMBS style senior-mortgages, bridge loans, mezzanine loans, and participating equity loans within the United States and globally. 

Safe Harbor Forward-Looking Statements

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 those 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