SOURCE: Omega Commercial Finance Corporation
MIAMI, FL--(Marketwire - Sep 11, 2012) - Omega Commercial Finance Corporation (OTCQB: OCFN) announced its execution of an LOI to acquire an operational brokerage firm last week, which will shape its small-cap growth strategy to provide capital for implementing their lending platforms. Fundamentally, the integration of this brokerage firm will sustain long-term year-over-year projected growth for its lending operations by 20% and a projected EPS of $.02, based on the B/D's historical net profits of $650,000 per year. Subsequently, with an industry small-cap benchmark PE/ratio of 25x could result in a forecasted market price of $.50/share. Omega formed in 2004 as a private commercial real estate finance broker. As the market saturated with finance brokers, Management made a bold decision in 2007 to become a publicly traded holding company to access the capital markets and implement a direct lending platform. Unfortunately, timing was bad, the capital markets dried up, and the company sat on the sidelines until mid-2010. OCFN used this time to position itself for the future. "We will never allow ourselves to be locked-out from accessing lending capital," stated Jon S. Cummings IV, President of OCFN. This lead to formulating a prudent small cap M&A growth strategy designed to acquire financial service related companies to arrange structured financing product supporting OCFN's subsidiaries and their lending operations.
"We now control our own destiny," stated Holly Leide, VP, Sr. Lending Specialist. Through this aggressive approach, OCFN is not inhibited by the lack of capital for new loan originations and gains a competitive advantage.
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) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. 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.