Omega Commercial Finance Corporation Signs LOI to Acquire Full Service Brokerage Firm

| August 28, 2012 | 0 Comments

MIAMI, FL–(Marketwire -08/27/12)-
Omega Commercial Finance Corporation (OCFN) (OCFN) signed a Letter of Interest to acquire a boutique brokerage firm that illustrates historical profits from top-line gross production of $4.3 million. 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 billion 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.

Safe Harbor

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.

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