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 Hot Stock to Watch |
Company: Omega Commercial Finance Corp. (OTCQB: OCFN)
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Last:
Price: 0.015
Change (%): + 0.005 (50.00)
Volume: 521,549 |
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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 4.7 Million Dollars
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 dollars. 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.”
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