OFEK CAPITAL CORP (fka OFEK)

[Renee]

OFEK Finra deleted symbol:

http://otce.finra.org/DLDeletions

[sidedraft]

OFEK: Suspended by SEC

http://www.sec.gov/litigation/suspensions/2014/34-71465.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-71465-o.pdf

[lifegear]

11/1/06 Holdings link http://eresearch.fidelity.com/eresearch/goto/evaluate/fundamentals/ownership.jhtml?tab=ownership&...

[lifegear]

Revised website... http://www.ofekcapital.com/

[lifegear]

---Daily and Weekly Charts------

[lifegear]

are you still in ofcc?

[Mr. Bill]

OFCC - .004 x .005 with some activity of late. Dont know if they are still doing anything or not. Had some PRs in Feb 2005 or so.

[SirFelix]

Does this stock even trade anymore? I'm showing the last trade on 10/26?

[otcbargains]

Does anyone know when ofcc will report their earnings. TIA!

[leagle]

Picked up 50k @ .011. After that it traded .013 I think and then back down at .011.

Anyone in touch with the company? last pr was that they were working on getting on OTC BB, filings in order.

[Mr. Bill]

Look at the fundamentals of the company. They are profitable and have alot of assets. At these prices they are a steal. I have gotten 55K at .015 and 115K at .012 cents in the last two days. The spread has widened but if you are patient you should be able to get some shares between .01 and .015 cents. I would not pay .018 as I suspect you will see the ask drop (due to the spread). You might put in a trade inbetween at .014 and get a fill. Check their old news and their web site. They are said to be working on going to the OTC BB. This stock is kinda cyclical where you can buy it cheap and sell it for 4 to 6 times buy in. Many other great traders (like SSP, TAKI, Eztradin) have liked this stock and appeared to take positions at a higher price. IMO it's an easy 1/2sie to be free or better down the road at some point. Perhaps several months or maybe sooner.

[leagle]

Hi Mr. Bill - Any particular reason for getting into this one? Haven't seen it on any lists. Any reason to think they may be starting to do anything?

[Mr. Bill]

Picked up 115K shares at .012 today FWIW .009x.012 -> .01x.018 Now

http://quotes.freerealtime.com/rt/frt/M?IM=quotes&SA=quotes%7CTime%2526Sales&symbol=ofcc&...

OFEK CAPITAL CORP - : OFCC

Time & Sales most recent next page
Rec. Time Action Price Volume
3:01:18 PM Trade 0.01 135000
3:00:52 PM Trade 0.01 15000
2:34:06 PM Trade 0.0125 70000
2:32:12 PM Trade 0.012 57050
2:26:34 PM Trade 0.01 50000
2:26:26 PM Trade 0.01 25000
2:19:12 PM Trade 0.012 80000 <- 80K was my Buy .009 x .012
2:15:52 PM Trade 0.01 82500
2:13:10 PM Trade 0.012 82500 <- 35K was my Buy .009 x .012

________________________________________________________
Buy 35000 OFCC Limit at 0.012, DAY Order 1175461xxx Status Filled
Fill Information Fill Qty 35000 Fill Price 0.012

Execution Information
TimeStamp Routing Information
Order Received 2:12:03 PM EDT 06-10-2004
________________________________________________________

Buy 80000 OFCC Limit at 0.012, DAY Order 1175466xxx Status Filled
Fill Information Fill Qty 80000 Fill Price 0.012

Execution Information Routing Information
Order Received 2:15:06 PM EDT 06-10-2004
_________________________________________________________

[SirFelix]

Q1 Revenues Increase 23% from Q1 2003
Tuesday March 16, 10:30 AM EST

35% Increase in Net Income at AJM


TORONTO, March 16, 2004 (PRIMEZONE) -- Ofek Capital Corp. (Pink Sheets:OFCC) announces that its wholly owned operating subsidiary, AJM Leasing, has recorded a 23% increase in its first quarter revenues from First Quarter 2003, and a 35% increase in Net Income. AJM reported First Quarter revenues of $611,736 compared to 2003's First Quarter of $496,355. First Quarter 2004's Net Income was $22,040 versus First Quarter 2003's Net Income of $16,325.

Mr. Shalom Romm, CEO and Chairman of Ofek stated, "AJM Leasing's continued performance through organic growth, along with the pending establishment of a new credit facility, bodes well for continued strong operational results in the future. It is a tribute to AJM's risk management and underwriting discipline, which has resulted in an increase in Net Income greater than the top line growth. Once we secure additional access to capital for further expansion, we can look forward to a significant increase in cash flow and bottom line numbers."

Management expects AJM's revenues in Q2 to continue expanding, increase profit from operations, and grow positive cash flow from operations throughout the foreseeable future.

[SirFelix]

Ofek Capital is Preparing for OTC Bulletin Board Listing




Wednesday March 10, 10:30 AM EST

Shares Outstanding Reduced by 7.8%


TORONTO, March 10, 2004 (PRIMEZONE) -- Ofek Capital Corp. (Pink Sheets:OFCC) announces that the company is working closely with its attorneys and auditors to prepare registration statements and documents required to become listed on the OTC Bulletin Board.

In addition, Ofek reports that it has cancelled 3,100,000 of the company's shares issued and outstanding. The company is in the process of recovering an additional 1,500,000 shares. In the event that the company is successful in canceling the 1.5 million shares, it will have retired almost 11.5% of its issued and outstanding common shares.

Shalom Romm, CEO of Ofek Capital, said, "This is a noteworthy step in reducing shareholders' dilution and enhancing shareholders' value. Ofek's management is committed to significantly increasing shareholders' value through acquisitions, streamlining operations, increasing profitability, reducing the number of shares outstanding, share buy back programs, senior exchange listings and full financial disclosure."



Ofek's most recent audited statement of shares issued and outstanding reflects a total of 39,417,600 shares. It is management's estimate that approximately 15,000,000 shares are in the active float.

Ofek will shortly file its audited annual financial statement, as well as provide financial update of the company operational Q1 results.

About Ofek Capital

Ofek (www.OfekCapital.com) is a North American financial services company that operates within the sub-prime lending and financing market. Ofek believes that the sub-prime market is the most lucrative niche in the financial services industry.

Ofek Capital subsidiaries include: AJM Leasing, Mortgage Bankers of North America and SecondaryMarkets.

[eztradin]

Just added (2) 20k buys here at .025

[eztradin]

Just spoke w/ the CEO...they're still working
on finalizing their qtrly...lots of news in the
pipeline.

I'm accumulating...no reason why it should be
this cheap IMHO.

Lets put it this way...the CEO has been w/ the company
4 years and has not sold 1 share to date.

[eztradin]

Financial Information.

AJM most recent audited annual Financial Statement dated October 31, 2002 show Assets of CDN$3,032,201.00 (compared to CDN$2,523,692.00 for the previous annual period), Revenues of CDN$2,247,205.00 (compared to CDN$1,908,571.00 for the previous annual period) and Net profit of CDN$27,001.00 (compared to a loss of CDN$(122, 357.00) for the previous annual period).

AJM 9 months non-audited financial statement dated July 31, 2003 show Assets of CDN$3,141,741.00, Revenues of CDN$2,232,250.00 and Net profit of CDN$ 63,260.00.

Subject to availing capital and line of credits to enable it to execute its business plan, AJM would be able to expand its business underwriting ability and bring its fleet to approximately 1400 cars by October 31, 2004, 2950 by the end of October 2005 and 4600 cars by the end of October 2006. It is estimated that the 3rd fiscal year will post annual Revenues of over US$11,900,000.00, Operating Income before Amortization and Interest payments of US$9,372,838.00 and Net Income before Income tax factor of over US$2,950,000.00.

[eztradin]

Stay tuned.

Ofek Capital Intensifies Investor Relations Reach
Tuesday February 17, 9:00 am ET
Audited Annual Financial Statements Expected Soon


TORONTO, Feb. 17, 2004 (PRIMEZONE) -- Ofek Capital Corp. (Other OTC:OFCC.PK - News), a fully reporting company, is pleased to announce that in line with the company's commitment to bring forth its message to the investment community, and in line of maintaining proactive programs aimed at enhancing shareholders' value, it has retained Morgan James & Associates, Inc., a consulting company specializing in corporate financing, investor communications, and management consulting.
Ofek also extended its web presence on http://www.MacReport.net for another 3 months and may be seeking broader arrangements with this successful hub, so as to enable Ofek to reach MacReport's database of investors.

Shalom Romm, Ofek's CEO notes, ``Morgan James & Associates (MJA) (http://www.mjacorp.com) will be assisting us in getting our story out to the investment community. MJA has a remarkable track record enhancing shareholders' value for publicly traded small-caps and are very well respected. We expect them to arrange additional analyst research coverage, communicating our business plan, marketing strategy, financing developments and our rapid growth potential to the public and the investment community. In addition, MJA has retained Sutton Aspen & Company (http://www.c-ir.com) to assist in its plans for Ofek Capital. With MJA' & Sutton Aspen & Company's expertise, abilities and contacts coupled with Ofek's success in the sub-prime financial services sector, Ofek should become materially better known in the investment community.''

About Ofek Capital

Ofek http://www.OfekCapital.com is a North American financial services company that operates within the sub-prime lending and financing market. Ofek believes that the sub-prime market is the most lucrative niche in the financial services industry.

Ofek Capital subsidiaries include: AJM Leasing, Mortgage Bankers of North America and SecondaryMarkets.


-- Ofek leases used cars through its Ontario subsidiary, AJM Leasing
-- Mortgage Bankers of North America, a California subsidiary,
anticipates offering traditional mortgage banking services in 24
states
-- SecondaryMarkets, a California subsidiary, anticipates the
development of a proprietary, patent pending, automated
submission and lending approval software system. It will be
state-of-the-art and capable of generating immediate loan
approval from multiple loan providers

About Morgan James & Associates:

Morgan James & Associates (MJA) provides a wide range of consulting services for the micro-cap and small-cap markets to include media introductions, strong capital resourcing, acquisition resources, and results-oriented marketing programs. MJA specializes in discovering new private companies and under-valued public companies that have strong management teams and that are positioned for dramatic growth.

About Sutton Aspen & Company

Sutton Aspen & Company is a media and information company dealing with the OTCBB, Pinksheet, AMEX, and NASDAQ stock markets. Sutton Aspen & Company produces quality media content that is unique and offers market participants and investors a different look at the markets.

[eztradin]

Website updated.

http://www.ofekcapital.com/

[eztradin]

.02 x .034...moves nicely.eom

[SirFelix]

Showed a price spike around 2pm est on low volume. Looks like it got to 034c. Any confirms?

[SirFelix]

OFCC news...

Ofek Capital Intensifies Investor Relations Reach

2004-02-17 09:00 ET - News Release

TORONTO, Feb. 17, 2004 (PRIMEZONE) -- Ofek Capital Corp. (Pink Sheets:OFCC), a fully reporting company, is pleased to announce that in line with the company's commitment to bring forth its message to the investment community, and in line of maintaining proactive programs aimed at enhancing shareholders' value, it has retained Morgan James & Associates, Inc., a consulting company specializing in corporate financing, investor communications, and management consulting.

Ofek also extended its web presence on www.MacReport.net for another 3 months and may be seeking broader arrangements with this successful hub, so as to enable Ofek to reach MacReport's database of investors.

Shalom Romm, Ofek's CEO notes, "Morgan James & Associates (MJA) (www.mjacorp.com) will be assisting us in getting our story out to the investment community. MJA has a remarkable track record enhancing shareholders' value for publicly traded small-caps and are very well respected. We expect them to arrange additional analyst research coverage, communicating our business plan, marketing strategy, financing developments and our rapid growth potential to the public and the investment community. In addition, MJA has retained Sutton Aspen & Company (www.c-ir.com) to assist in its plans for Ofek Capital. With MJA' & Sutton Aspen & Company's expertise, abilities and contacts coupled with Ofek's success in the sub-prime financial services sector, Ofek should become materially better known in the investment community."

About Ofek Capital

Ofek www.OfekCapital.com is a North American financial services company that operates within the sub-prime lending and financing market. Ofek believes that the sub-prime market is the most lucrative niche in the financial services industry.

Ofek Capital subsidiaries include: AJM Leasing, Mortgage Bankers of North America and SecondaryMarkets.


-- Ofek leases used cars through its Ontario subsidiary, AJM Leasing
-- Mortgage Bankers of North America, a California subsidiary,
anticipates offering traditional mortgage banking services in 24
states
-- SecondaryMarkets, a California subsidiary, anticipates the
development of a proprietary, patent pending, automated
submission and lending approval software system. It will be
state-of-the-art and capable of generating immediate loan
approval from multiple loan providers

About Morgan James & Associates:

Morgan James & Associates (MJA) provides a wide range of consulting services for the micro-cap and small-cap markets to include media introductions, strong capital resourcing, acquisition resources, and results-oriented marketing programs. MJA specializes in discovering new private companies and under-valued public companies that have strong management teams and that are positioned for dramatic growth.

About Sutton Aspen & Company

Sutton Aspen & Company is a media and information company dealing with the OTCBB, Pinksheet, AMEX, and NASDAQ stock markets. Sutton Aspen & Company produces quality media content that is unique and offers market participants and investors a different look at the markets.

This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, which reflect management's expectations regarding Ofek's future growth, results of operations, performance and business prospects and opportunities. These statements reflect management's current beliefs and are based on information currently available to management. Forward-looking statements involve significant risks, uncertainties and assumptions. A number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Ofek Capital Corp. takes no obligation to update or correct any or such forward-looking statements.

CONTACT: Ofek Capital Corp.
CLX & Associates, Inc.
Robert Weidenbaum
President
[phone]
email [e-mail]

Morgan James & Associates
[phone]
email [e-mail]

Sutton Aspen & Company
[phone]
email [e-mail]

[SirFelix]

EZ, got stuck in HYTT, but giving you another chance here. In at .028

[eztradin]

Added another 50k at .025 late in the day...100k now.eom

[eztradin]

Joined ya today for 50k eom

[Mr. Bill]

Had an order in at .025 for 30K shares, did not fill until 12:30

Have snagged 60K shares at .025 so far!

Todays trades...
OFEK CAPITAL CORP - Nasdaq Other OTC: OFCC

Time & Sales most recent next page
Rec. Time Action Price Volume
3:01:16 PM Trade 0.025 20000
2:33:58 PM Trade 0.015 60000
2:20:00 PM Trade 0.025 20000
2:19:40 PM Trade 0.025 12000
1:20:32 PM Trade 0.015 55000
12:45:28 PM Trade 0.015 25000
12:44:28 PM Trade 0.015 5000
12:43:42 PM Trade 0.015 5000
12:43:18 PM Trade 0.015 5000
12:42:46 PM Trade 0.02 5000
12:38:30 PM Trade 0.02 5000
12:37:14 PM Trade 0.022 50000
12:37:12 PM Trade 0.02 10000
12:36:58 PM Trade 0.025 40000
12:35:02 PM Trade 0.02 5000
12:33:54 PM Trade 0.025 30000 <- Me