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| Another Day Another Great PR and Trading Session for OCFN |
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 Hot Stock to Watch |
Company: Omega Commercial Finance Corp. (OTCQB: OCFN) |
Last:
Price: 0.271
Change (%): + 0.051 (23.18)
Volume: 40,887 |
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Omega Commercial Finance Corporation Signs LOI to Acquire Full Service Brokerage Firm
MIAMI, FL - (Marketwire) - 08/27/12 - Omega Commercial Finance Corporation (OTCQB: OCFN) (PINKSHEETS: OCFN) signed a Letter of Interest to acquire a boutique brokerage firm that illustrates historical profits from top-line gross production of 4.3 mil. The firm maintains 17-licensed advisors that offer a full range of financial products covering 40-States. Additionally, the firm is a licensed RIA and can offer insurance products, plus has approximately a half bil dollars in assets under management. Operationally this brokerage firm will cultivate growth strategies for OCFN with the ability to integrate a capital markets Institutional Sales Team ("IST") whose sole responsibility is to offer structured finance products such as CMBS's, CLO's, ABS's, or proprietary lines of credit, to support the subsidiary lending operations. Additional products will include one-off private placements for first-rate types of strategic alliances, joint-ventures, and CRE development projects. Likewise, management has determined the brokerage firm's current advisors can offer these structured financial products on day one of the acquisition.
About Us
Omega trades as a commercial real estate lender and specialty finance holding company. Through its subsidiaries, Omega CRE Group LLC and Omega Capital Street LLC the company shall focus primarily on originating, investing in, acquiring, and managing senior performing commercial real estate mortgage loans, commercial mortgage-backed securities, commercial real estate corporate debt and loans, and other commercial real estate related debt-investments in the U.S. and globally.
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