MIAMI, June 29, 2017 (GLOBE NEWSWIRE) -- As previously disclosed in the June 25, 2017 press release, Omega Commercial Finance Corporation (OTCPINK:OCFN) acquired Gogo Baby, Inc., which is itself a publicly traded company which has now been renamed Alpha Investment, Inc. (OTCPINK:ALPC).
This key acquisition allows OCFN to realize the future stock price appreciation of ALPC. In addition, OCFN plans to distribute out shares of ALPC to shareholders of OCFN as a dividend. The company will be making additional announcements on this dividend in the near future.
Todd Buxton, CEO of Alpha Investment Inc., stated, “As a newly acquired subsidiary under OCFN we can begin to execute our capital raising platform model in order to facilitate a defined strategy to support the initiatives of ALPC’s various synergistic sister companies, which are all vertically integrated under OCFN’s umbrella. Each operation is fueled with tremendous growth capital, adding value to the parent company through the consolidation of the balance sheets.”
Omega Commercial Finance Corporation is a publicly traded financial services holding company with our principal companies operating in the commercial real estate, finance, and capital markets sector. As a holding company, OCFN collectively along with its subsidiaries' management teams have a combined 150 years of experience and knowledge across their respective business lines. Key subsidiaries are Omega Capital Street LLC, Omega IM Group LLC, Omega Asset Management LLC, Omega FLK Properties LLC, and Alpha Investment Inc.
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) our expectations regarding revenues and earnings; (ii) our growth strategy and operating strategy; and (iii) our ability to attract new registered representatives. 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.
Source:Omega Commercial Finance Corporation