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| OCFN Soars on SmallCapVoice Coverage Up 73.08% Already Today |
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 Hot Stock to Watch |
Company: Omega Commercial Finance Corporation (OTCQB: OCFN) |
Last:
Price: 0.09
Change (%): + 0.038 (73.08)
Volume: 38,000 |
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Omega Commercial Finance Corporation's Year-Over-Year Cash Flow Increased by 230%
MIAMI, FL - (Marketwire) - 08/23/12 - Omega Commercial Finance Corporation (OTCQB: OCFN) (PINKSHEETS: OCFN) announces in their 10-Q unaudited "Statement of Cash Flow" ending June 30th 2012, a year-over-year increase in cash flow was 230%. Management is pleased to announce this illustration of growth when compared between the same period ending June 30th 2011 and its respective value of $50,010 and the current period ending June 30th 2012 with its respective value of $115,287. This is a fundamental measure and indicator for the success of a micro-cap growth company. This growth value measures their ability to manage cash flow necessary to sustain the day-to-day working capital needs for its operations. Although the net income still lags and is showing a net loss, this is due to productive administrative cost such as accounting, auditing, and legal retainers for the company's securities filings. In aggregate, each of these efforts allows an upgrade to the company's financial statements & operations resulting in a fully reporting, "transparent" status. Additional costs include due diligence and underwriting administrative expenses, which were essential for creating the current backlog of commercial property financing opportunities for the company's loan pipeline. Jon S. Cummings VI, President of Omega, states, "It is an important factor to sustain long-term growth as a micro-cap company by monitoring and balancing our short-term cash flow needs."
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Omega Becomes a Member of OTC Markets
MIAMI BEACH, FL - (Marketwire) - 08/22/12 - Omega Commercial Finance Corporation (OTCQB: OCFN) has become a member of OTC Market Inc., which offers market data, transparency, and disclosure services to the capital markets. OTC Market Inc. offers products and services that track performance, promotes transparency, and facilitates price discovery and compliance regulations. These services are simple yet convenient tools that can help maximize market information and accessibility for OCFN's shareholders. OCFN is currently quoted as an "OTCQB" fully reporting company achieved on August 8th, 2012. The President and Chairman Jon S. Cummings IV states, "I feel this was a giant first step and integral part of our growth strategy in which I intend to build upon moving forward."
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