Omega Commercial Finance and Its Shareholders Poised to Benefit From Acquisition of New Public Company
3 hours 2 minutes ago - DJNF
Omega Commercial Finance and Its Shareholders Poised to Benefit From Acquisition of New Public Company
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."
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