Monday, April 6, 2009

Omega CommercialFinance Corporation (OTC BB:OCFN.OB)

Turning Pennies into dollars: Omega CommercialFinance Corporation (OTC BB:OCFN.OB)

Are you a public company looking for exposure?

Contact RealPennies.com - 212-662-2147



For more info: http://www.realpennies.com/otc/ocfn

MIAMI, April 6, 2009 - Omega CommercialFinance Corporation (OTC BB:OCFN.OB) recently announcedthat the Company through BBB Developments Mexico S de Rde CV has signed a letter of intent with KSI Capital tofund a minimum of 25 million dollars for the developmentof their Los Corales project located in Puerto Penasco,Mexico.

KSI Capital considers themselves a leader in the privatelender industry. Over the last 22 years they have developeda niche in servicing sophisticated industry leaders whorequire a higher level of service, knowledge, creativityand flexibility than what can be found with conventionalcapital providers. Additionally, KSI has recently fundedseveral development projects in Central America and Mexico.

Omega, in conjunction with BBB Developments Mexico, haveinitiated plans to create ``Los Corales,'' a 298 unit high-risehotel/condo beach resort located on prime beachfront property.The resort will boast full-scale amenities including luxuriouslandscaping, pools, jacuzzis, spas, a beach club, restaurants,a private beach and private pier leading into the ocean.The resort will be comprised of both condos and a hotelmeeting the demands of individuals looking to retire, havea second home, or come for a short term stay. Los Coralesis located in Puerto Penasco, a majestic beach resort communitylocated on the Pacific side of Mexico and found in the samegeographical region as Cabo San Lucas. The resort has alreadysold 30% of its units with all purchasers going to contractand fully executing their obligations.

For more information on Los Corales please go to:

http://www.smallcapvoice.com/ocfn/los-corales

Chris Crane, BBB Developments Mexico, stated, ``We are pleasedto have the addition of KSI to our funding team. KSI representativeshave visited the project in Mexico and are very pleasedwith its operation. KSI is an industry leader in the resort-financingsector and with their knowledge, we anticipate a smoothand fast closure.''

Jon S. Cummings IV, CEO stated, ``We look forward to KSICapital's ability to bring a fast completion to this fundingin order to begin the next phase of development for thisproject. Los Corales promises to be an exciting venturethat we can all be proud of attaching our name to.''

Safe Harbor

This release contains statements that constitute forward-lookingstatements within the meaning of Section 27A of the SecuritiesAct of 1933, as amended, and Section 21E of the SecuritiesExchange Act of 1934, as amended. These statements appearin a number of places in this release and include all statementsthat are not statements of historical fact regarding theintent, belief or current expectations of Omega CommercialFinance Corp., its directors or its officers with respectto, among other things: (i) financing plans; (ii) trendsaffecting its financial condition or results of operations;(iii) growth strategy and operating strategy. The words``may,'' ``would,'' ``will,'' ``expect,'' ``estimate,'' ``can,'' ``believe,''``potential'' and similar expressions and variations thereofare intended to identify forward-looking statements. Investorsare cautioned that any such forward-looking statements arenot guarantees of future performance and involve risks anduncertainties, many of which are beyond Omega CommercialFinance Corp.'s ability to control, and that actual resultsmay differ materially from those projected in the forward-lookingstatements as a result of various factors. More informationabout the potential factors that could affect the businessand financial results is and will be included in Omega CommercialFinance Corp.'s filings with the Securities and ExchangeCommission.



Realpennies.com



Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on http://www.realpennies.com/start.html

Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. This may contain forward-looking statements and are not guarantees of performance. Reproduction of this without written permission is prohibited.

RealPennies.com

Phone: 212-662-2147

info [at] realpennies.com


 


 

No comments: