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Omega
Commercial Finance Corp. (OTCBB: OCFN)
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Dear StockUpTicks Reader:
As many financial experts would agree, deep within the worsening economy
lies opportunity for the most creative and visionary companies. One such
company is Omega Commercial Finance Corp. (OTCBB: OCFN), which seems
to have had its market niche delivered to its corporate doorstep by the
downturn in the real estate market and the overall market malaise.
It's slogan: "What Banks Consider Risks, We Consider
Opportunities" - speaks volumes about
this company's positive perspective on the current economic climate. And,
utilizing its banking and credit expertise, OCFN is taking full
advantage of the buyers-market bargains that exist by launching aggressively
into some very diverse and lucrative ventures such as multi-million dollar
beachfront condos in Mexico and a luxury resort casino cruise ship to be
docked at Cape Canaveral Florida. Many have the passion but few have the
experience in these troubled financial waters to make it happen. Please
take a few moments to learn more about this compelling company.
View Breaking *NEWS* from OCFN HERE
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About Omega Commercial Finance Corp. |
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"What Banks Consider Risks, We
Consider Opportunities"
| Omega Commercial Finance Corporation, through its
subsidiary, Omega Capital Funding LLC, offers financing for real estate
markets in the United States. The company provides short and medium term
loans to borrowers primarily consisting of commercial real estate developers
and speculators, business owners, landlords, and owners of core and non-core
assets. It focuses on various alternative commercial real estate financings
with an emphasis on loans secured by commercial real estate and also on
financing non-core assets, including ground up developments and un-entitled
land developments, as well as core assets, including office buildings,
multi-family residences, shopping centers, and luxury residential estates.
The loans consist of senior debt loans, mezzanine or subordinated loans,
preferred equity, and other equity participation financing structures. |
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Listen to an Online Business
Briefing
with OCFN Founder, Jon S. Cunnings,
III
by clicking on the graphic below
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Investment Highlights |
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Why Invest in Omega Commercial
Finance Corp?
- Omega Commercial Finance Corporation (OFCN) has strategically positioned
itself to take advantage of the increasing demand for commercial real estate
financing in the United States and Canada due to general banking reconsolidations
and the credit crunch.
- Because the current environment of tighter credit and more conservative
underwriting has created this credit crunch; The Sub-Prime Debacle is expected
to have a lingering long term negative impact on this market. Because of
this adversity an opportunity has been created for the niche market in
which Omega specializes.
- Additionally, Omega has identified, year to date, an estimated $1.2
billion dollars of quality distress properties, such as Class 'A' &
'B' office buildings located in major metropolitan cities, high-end apartment
complexes in affluent areas across the U.S. and distress REO's (Real Estate
Opportunities), which are portfolios of residential homes that banks have
foreclosed with free and clear titles which can sell at up to 50% of their
fair market values. Omega is also working on strategic initiatives for
the potential acquisitions of small community banks that are currently
deemed “distressed”.
- It is anticipated that all distress properties will generate positive Cash
Flow. The company expects the income to be reinvested as Retained Earnings
for the company and its shareholders.
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Omega Royale Casino Cruise Ship |
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"Omega Royale"
To Be the Largest Vegas Style
Luxury Casino Resort Vessel in the World
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- OFCN has finalized its acquisition of a luxury
casino cruise ship with Oceans 21-Miami LLC and its majority shareholder.
The casino cruise ship's name shall be changed to the "Omega Royale" and
will be deployed in international waters as part of the offshore casino
cruise industry.
- The acquisition alone adds strong tangible assets to OCFN's balance sheet. The cruise ship was recently purchased from Oceans
21-Miami, LLC for a total book value for merger evaluation only of $9,750,000.
The stock market currently values OCFN at a market capitalization of just
under $800,000.
- OCFN has already received official approval to
berth its luxury casino cruise ship at its dedicated port in Cape Canaveral,
Florida.
- "Omega Royale" has the ability to attract a minimum
of 1.2 million gaming passengers per year. According to recent gaming
statistics, the average gambler brings approximately $98.00 in net gaming
revenue, or an estimated $58 million per year. At this level, the "Omega
Royale" would only have to achieve an annual occupancy rate of 43%, far
below its maximum capability. Because of the port's size, location and
popularity, the company feels that it can meet and exceed the commission's
expectations.
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Omega Management Team |
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Jon S. Cummings III
Chairman, Founder
Jon S. Cummings IV
President/CEO
Todd Buxton
Sr. VP |
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Recent News From Omega |
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Press Release
Source: Omega
Commercial Finance Corporation
Tuesday February
17, 2009, 8:00 am EST
Omega Commercial Finance Enters
Into a Definitive Agreement to Acquire Los Corales Condominiums $18,000,000
of Mexican Beachfront Property $116,000,000 Gross Project
(Latest Acquisition Puts Pro forma
Book Value at an Estimated 82 cents per share)
MIAMI, Feb. 17 /PRNewswire-FirstCall/
-- Omega Commercial Finance Corporation (OTC Bulletin Board: OCFN - News) is pleased to confirm that it has entered into a Definitive Agreement with
BBB Developments Mexico and has upon closing will acquire 100% ownership
of 3.9 acres of beachfront property located in Puerto Penasco (Rocky Point),
Mexico, in a Share Exchange Agreement.
As previously stated,
Puerto Penasco (Rocky Point) is a majestic beach resort community located
at the base of the Sea of Cortez (Gulf of California), Mexico, and can
be found in the same geographical region as Cabo San Lucas. The Mexican
city is a short 3 hour drive from the Phoenix/Tucson, AZ. area and is ideal
for people living in southwest areas of the U.S. who are looking for a
quick vacation destination without the hassles of flights or long travel
itineraries. The Los Corales Resort, a 298 unit high-rise hotel/condo beach
resort located on prime beachfront property, is currently 30% sold out
with all purchasers going to contract and fully executing their obligations.
Because the units are strategically being sold at 20-30% below current
market value, it is highly anticipated that most units will be sold by
the conclusion of this year. MORE
Press Release
Source: Omega
Commercial Finance Corporation
Wednesday February
11, 2009, 8:00 am EST
Omega Commercial Finance Signs Letter
of Intent to Acquire $18,000,000 of Mexican Beachfront Property, $116,000,000
Estimated Total Project Value
Property To Be Developed into a
High Rise Hotel/Condo Luxury Resort
MIAMI, Feb. 11 /PRNewswire-FirstCall/
-- Omega Commercial Finance Corporation (OTC Bulletin Board: OCFN - News) is pleased to announce that the Company has signed a letter of intent to
acquire 100% ownership of 3.9 acres of beachfront property located in Puerto
Penasco, Mexico.
Puerto Penasco is a majestic
beach resort community located at the base of the Sea of Cortez Mexico
(Gulf of California) and can be found in the same geographical region as
Cabo San Lucas. The Mexican city is a short 3 hr. drive from the Phoenix/Tucson,
AZ. area and is ideal for people living in southwest areas of the U.S.
who are looking for a quick vacation destination without the hassles of
flights and long travel itineraries. MORE
Press Release
Source: Omega
Commercial Finance Corporation
Thursday February
5, 2009, 8:00 am EST
Omega Commercial Finance Creates
Three New Divisions
to Take Advantage of Current Economic
Conditions
(Company Strategically Expands Corporate
Infrastructure)
MIAMI, Feb. 5 /PRNewswire-FirstCall/
-- Omega Commercial Finance Corporation (OTC Bulletin Board: OCFN - News) is pleased to announce that it has initiated the implementation of its
2009 business plan with the strategic expansion of three new divisions
for its core operations. These new divisions are as follows:
Omega Capital Markets: The initiative of this division shall be to invest capital for the purpose
of purchasing commercial loans, leveraged loans, commercial real estate
mortgages and trade loans at incredibly deep discounts.
Omega Private Bancorp
Equity: The
primary focus of this division will be to find and fund private equity
bank transactions that will help generate cash flow needed by regional
banking institutions. Omega has already identified specific targeted regions
that have a need for this type of assistance. All transactions would be
completed through private equity funds that have an expertise in this industry.
Omega Business Credit: This division will service the needs of small businesses and corporate
owners who are in need of working capital but have been cut off by traditional
forms of loans and credit lines due to the tightening of credit and loans
by banking institutions. Omega will work with those in need of cash flow
by hedging with the security of collateral in order to provide secured
loans. MORE
VIEW MORE NEWS FROM
OMEGA COMMERCIAL FINANCE CORP HERE
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Financial Highlights |
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Market Data
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02/18/09
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| Symbol |
OCFN |
| Exchange |
OTCBB |
| Recent Price |
$0.03 |
| Outstanding Shares |
28,110,900 as of Aug 14, 2008 |
| Market Cap. (est.) |
$1,068,214 as of Feb 17, 2009 |
| Average 3mo Volume |
26,950 |
| FYE |
12/31 |
| Source: |
Yahoo Finance |
View OCFN SEC Filings HERE
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Company
Contacts |
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200 South Biscayne Blvd., Suite 4450
Miami, FL 33131
Phone: (305)677.0306
Fax: (305) 704.5909
omegacommercialfinancecorp.com
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