Omega Commercial Finance Corp. (OTC Pink: OCFN) Countdown To $6-7 Million In Revenue, $3 Million in Assets
July 01 2016 - 7:00AM
InvestorsHub NewsWire
Miami, FL -- July 1, 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).
OCFN may not be at
these levels much longer. – “The Play” Below…
See the Full Report on Omega Commercial Finance Corp. at
EmergingGrowth.com
http://emerginggrowth.com/omega-commercial-finance-corporation-otc-pink-ocfn-45-60-days-6-7-million-revenue-3-million-assets/
Omega Commercial Finance Corp. (OTC Pink: OCFN) is New to
EmergingGrowth.com. 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.
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.
See the Full Report on Omega Commercial Finance Corp. at
EmergingGrowth.com
http://emerginggrowth.com/omega-commercial-finance-corporation-otc-pink-ocfn-45-60-days-6-7-million-revenue-3-million-assets/
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