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Omega Commercial Finance Corp Signs LOI to Establish Emerging Technology Finance Subsidiary to Broaden Lending Platform


Thursday, 17 Oct 2013 08:20am EDT 

Omega Commercial Finance Corp announced the execution of a Letter of Intent (LOI) with Aviva Systems Corporation to form Omega Technology Finance LLC. OCFN plans to capitalize the new subsidiary from their recently developed relationship with private investors such as the groups whom recently purchased OCFN common stock, through a Stock Purchase Agreement, at $0.10 per share. Management is in negotiations to arrange support for this lending subsidiary with new capital in the amount of up to $10 million. 

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