MIAMI, FL--(Marketwire - Apr 1, 2013) - Omega Commercial Finance Corporation (
Omega Commercial Finance Corp is a publicly traded financial services holding company with up to $150-million in assets under management through its interest in VFG Securities and VFG Advisors. Collectively, we are capable of providing asset management, investment banking, and capital markets services, institutional finance, and investment advisory solutions to institutions, corporations, investment advisors, family offices, and individuals, with our principal companies operating in the commercial real estate, finance, capital markets sector. As a holding company, OCFN collectively along with its subsidiaries' management teams have a combined 50 years of experience and knowledge across these business lines.
For Full Disclosure:
OCFN currently has a 17% ownership interest in VFG with the contractual option to take full control upon final approval by FINRA and upon facilitating the remaining cash and stock consideration for 100% ownership control. This particular acquisition as part of OCFN's "roll-up" strategy is designed to self-fund OCFN's commercial real estate lending operations and gives its lending companies a NICHE product. More importantly, the acquisition serves as a means to diversify OCFN's revenue and income sources to develop a risk adjusted recession proof balance sheet.
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.