SOURCE: Omega Commercial Finance Corporation

Omega Commercial Finance Corporation

October 31, 2013 08:00 ET

Omega Commercial Finance Corporation's Emerging Technology Finance Subsidiary Identified Two Advanced Technology Prospects Within the Hi-Tech Space Seeking Participating Equity Financing

MIAMI, FL--(Marketwired - Oct 31, 2013) - Omega Commercial Finance Corporation (OTCQB: OCFN) is a publicly traded financial holding company that owns an umbrella of diverse finance subsidiaries. In a recent press release OCFN announced the launch of Omega Emerging Technology Finance LLC that has identified a firm with two (2) advanced technologies within the hi-tech space and seeking Participating Equity Financing to boost their growth due to interest from a top android phone carrier. 

OCFN has named Josef Garcia as the Managing Member to run the subsidiary, which was a critical management decision since Mr. Garcia possesses the expertise and contacts within the industry. More importantly, this opportunity came from advanced discussions with top Universities to assist their technology inventors so they could move towards solidifying long-term exclusive and worldwide licensing agreements for these respective technologies using the intellectual properties as collateral for their Participating Equity Financing programs. Management believes these are very exciting times in that they have been fortunate to be privy to and have access to top Universities and high-ranking academic circles within the technology transfer departments that have a pipeline to these emerging technologies.

Operationally, the subsidiary will focus on financing prospects within the emerging technology industry that yield participating equity opportunities with projected ROI's in the upper 30% and the potential of making large and significant impacts to the OCFN bottom line over the future. OCFN plans to capitalize the new subsidiary from their recently developed relationship with private investors such as the groups whom recently purchased OCFN common stock, through a Stock Purchase Agreement, at $0.10 per share.

About Us

Omega Commercial Finance Corporation is a publicly traded financial services holding company with minority ownership stake in VFG Securities and VFG Advisors. Our principal company Omega Capital Street operates in the commercial real estate, finance, and capital markets sector. As a holding company, OCFN collectively along with its subsidiaries' management teams have 50-years combined experience and knowledge across these business lines. 

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