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Commonwealth American Financial Group Announces No Changes to the 50:100 Forward Split
ST. PETERSBURG, Fla., Sep 28, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWMF) announces that the company will be going ahead as planned with the forward split set for Friday, September 30. The record date for the forward split is September 30, 2005. As of this date all shareholders on record will be issued an additional 50 shares of common stock for every 100 shares of common stock owned as of this date.
The mission of Commonwealth American Financial Group, Inc. is to invest in land development projects either as developer, joint venture partner, or lender and create mezzanine financing opportunities. The company will also grow by acquiring subsidiaries in related fields such as construction, real estate brokerage-appraisal-management, in the states of Florida, Texas and Louisiana.
Mr. Guthrie 'President' said: "We have had a tremendous amount of interest in the company to date and we would like to thank everyone that has invested in Commonwealth American Financial Group, Inc."
FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to mange growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.
SOURCE: Commonwealth American Financial Group, Inc
