MIAMI, April 20, 2009 (GLOBE NEWSWIRE) -- Omega Commercial Finance Corporation (OTCBB:OCFNE) is pleased to announce that the Company has engaged a new auditor, Randall N. Drake CPA, PA.
Mr. Drake has an extensive background in the public and private arena including stints as the Chief Financial Officer of a multi-million dollar manufacturing company for over 10 years and he was the Marketing Analyst for a Fortune 500 company, The Jim Walter Corporation. In addition, Mr. Drake has owned and operated public accounting firms for over the last 12 years. For more information on Mr. Drake, please visit http://rdrakecpa.com/.
Jon S. Cummings IV, CEO of Omega, stated, "With the recent growth in our Company and in our asset portfolio, we felt it was necessary to engage an auditor such as Mr. Drake with his qualified credentials. Mr. Drake's wealth of experience will help guide us through future acquisitions and projects that will add to the shareholder value of Omega. We felt it necessary to utilize Mr. Drake's expertise and customize his service in dealing with auditing the various transactions we consummated over the last several months. Additionally, we felt it necessary to deal with an auditor that is located in same geographical location. This will enable Randall N. Drake CPA, PA to expedite the gathering and collection of the various documentation necessary in order to complete our audit on a timely basis. Because of this recent change in auditors, we have experienced an inadvertent delay with our year-end 10k filing. We anticipate the completion of the filing within the time allotted by the filing of our extension."
Safe Harbor
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Omega Commercial Finance Corp., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Omega Commercial Finance Corp.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Omega Commercial Finance Corp. filings with the SEC.