Omega Commercial Finance Corporation (OTCMKTS:OCFN) has recently provided a

comprehensive update on its efforts to become eligible for listing on a bigger stock exchange.

Listing Upgrade

The company plans to carry out its listing upgrade by first carrying out its broad growth strategy

plan, which involves mergers and acquisitions (M&As), and other collaborations.

"I believe when we can effectively convert these growth initiatives coupled with our updated

financials slated to be complete here in the next couple of weeks into positive milestones to

propel us into a dynamic level as a financial holding company for years to come,” assured Jon

Cummings IV, Omega Commercial Finance Founder and Chairman.

Growth Strategy

As part of this, Omega Commercial Finance has recently entered into an agreement with EFO

Financial Group, LLC under its subsidiary, which will take over from Omega Capital Street, LLC.

This will strengthen the focus of Omega Capital Street on a structured financial market for

Omega Commercial Finance. It will also enable Omega Capital Street to provide optimized

property-level financing solutions, leveraging the real-estate lending platform of EFO Financial


Moreover, in September, the company has concluded talks with a private investor regarding a

Stock Purchase Agreement (SPA) that amounts to $12.50 million or $3.12 per share. The deal

is expected to close this month, spearheading a new joint venture.

Last month, Omega Commercial Finance has also executed a non-binding letter of intent (LOI)

with a startup that seeks a Small Business Investment Company (SBIC) license. Through this,

the company can access more than $100 million in Small Business Administration (SBA) and

SBIC low-cost debentures.

Speaking of capital, earlier this year, Omega Commercial Finance has also secured a capital

contribution of $650,000, which is intended for the repositioning of a boutique hotel with a 15-

boat slip marina in the Florida Keys. The company has acquired the said property in a five-year

lease purchase contract. The ongoing repositioning and renovation, which is spearheaded by

Todd Buxton, Omega Commercial Finance CEO, has been confirmed to be in line with


Omega Commercial Finance has lost 50% on Friday, concluding at $0.0001.

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