Miami, FL -- July 11, 2016 -- InvestorsHub NewsWire -- EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Omega Commercial Finance Corp. (OTC Pink: OCFN).
 

 
Omega Commercial Finance Corp. (OTC Pink: OCFN) is New to EmergingGrowth.com.  OCFN just announced that it secured $650,000 of capital for its subsidiary Omega FLK Property LLC. 
 
These funds will be used to support the repositioning of a recently acquired hotel and marina property located in the Florida Keys.  Management believes they can increase the average daily rates (ADR’s) as a result of the renovations and upgrades, which in turn could typically increase net operating income (NOI) levels that could yield a stabilized value well over the lease agreement’s option purchase price of $6.5 million.
 
The Play:
OCFN acquired VeriTrek Inc. in October 2014 with the intention of using VeriTrek’s 400 agents to market its CRE lending platform and to eventually penetrate the residential lending sector in order to expand and diversify its lending business.

However, delays arose stemming from the merger in obtaining PCAOB documents to prepare the financials for VeriTrek Inc.
Once Omega Commercial Finance Corporation completes the 2013 and 2014 audit of VeriTrek Inc. they can formally file an 8-K coinciding with effectively consolidating VeriTrek Inc. to the balance sheet of OCFN, plus with both 2015 10-Qs and 10-K forms filed, and the required YTD 10-Q’s, Omega Commercial Finance Corporation will once again be fully reporting and compliant with the Securities Exchange Act of 1934.

Omega Capital Street’s CEO Eran Danino says Omega Commercial Finance Corporation should be complaint and back to a full reporting status within 45 to 60 days from June 2016.

When this reporting situation is corrected the new synergized and consolidated platform is forecasted to post $6-7 million in revenue and hold $3 million in assets.

In June 2015, Omega Commercial Finance Corporation acquired 20% of Branca Ribeiro Representacoes Ltd. (BRR). BRR operates as a timber and forest holding company with 345,453 acres of forest in Brazil. As of 2014, BRR’s land holdings were valued at around $393 million.  Subject to this valuation this could give Omega Commercial Finance Corporation access to around $76-million in timber assets that can then be used as leverage to generate lending capital to fund future loans and other related business capital requirements.
 
OCFN, through its subsidiary lending divisions, directly originates commercial real estate property loans and other structured finance opportunities as well as providing accounts-receivable based lines of credit, better known as factoring.
 
See the News & Full Report on Omega Commercial Finance Corp. at EmergingGrowth.com
http://www.EmergingGrowth.com/?s=OCFN
 
Other Emerging Growth News
 
Rock Creek Pharmaceuticals, Inc.
Rock Creek Pharmaceuticals, Inc. (OTCQB: RCPI) specializes in emerging drug development, commercialization, and formulation of new treatments for a variety of viruses and ailments. Over the past three months, the pharmaceutical company has seen average daily volume of around 7.1 million shares. However, over 7.244 million shares or $76,062 in dollar volume has exchanged hands during the trading session Friday, July 8, 2016.

The big news out of Rock Creek Pharmaceuticals, Inc. (OTCQB: RCPI) comes from an announcement that the pharmaceutical firm has entered into interim amendments on the company’s convertible debt loans. This comes as Rock Creek Pharmaceuticals, Inc. (OTCQB: RCPI) continues to locate additional financing sources to help drive earnings growth and the development of new treatments.
See the full story on EmergingGrowth.com here: http://emerginggrowth.com/rock-creek-pharmaceuticals-inc-otcqb-rcpi-declines-10-interim-amendments-companys-convertible-debt-notes/

GreenGo Technolgoies, Inc.

Since  our last report on GreenGo Technologies, Inc. (OTC Pink: GRNH) on June 15^th, shares have climbed 45% before stabilizing 27% higher on above average volume last Thursday and Friday. 

GreenGo Technologies, Inc. is a manufacturer of vertical cultivation systems and designs to consumers and industrials farmers. The company entered the vertical cultivation business through its acquisition of Vertical Hydrogarden, Inc.

On4 Communications, Inc.
Since we last reported on On4 Communications, Inc. (OTC Pink ONCI), shares have dipped another 40% to a low of .0009 on Friday. 
 
The previous sell off on heavy volume comes after the company released a statement detailing of On4 Communications, Inc.’s meeting with an audit firm to “create a culture of transparency that a fully reporting status ensures,” according to the press release.
 
On4 noticed a slight recovery on Thursday, but it was short lived on very light volume.

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