Omega Commercial Finance believes it can build shareholder value through two strategic alliances with a proven commercial property owner and developer with unencumbered real estate assets. This past period ending June 30, 2012, CCRE Capital LLC, a wholly owned subsidiary of OCFN, completed strategic alliances with Flavio Zuanier, who is the managing member of Gardens VE Limited and Towers Limited.
Mr. Zuanier has 35 years of proven hospitality development and construction engineering expertise. As reported in the recent S-1 Registration Statement, OCFN has 49% ownership interest in both alliances. The alliances project to have an estimated total FMV of $71 million. Fundamentally, once the auditor consolidates these assets to the balance sheet, management estimates this could garner a projected Book Value increase of $34.79 million, or a $1.01 per/share BV. President Jon S. Cummings IV states, “This is a significant step towards seeking prudent diversification and growth for the company’s shareholders!”
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