MIAMI, June 24, 2009 (GLOBE NEWSWIRE) -- Omega Commercial Finance Corporation (Pink Sheets:OCFN) has announced that the Company has received a deluge of calls from media outlets all over the country including ABC, CBS and Fox affiliate stations expressing interest in the Company's intent to acquire EcoCalifornia, LLC and its 440 acre PGA Golf Resort/Housing Development project called Running Horse, located in Fresno CA.
Two years ago the project had gained considerable attention from real-estate tycoon Donald Trump and his Trump Organization as he attempted to take hold of the project. Because of Mr. Trump's foresight in the value of the project, several tenacious efforts were made by his organization to come in and negotiate the purchase rights from the various landowners. Because of the strength of the housing market along with the stable economy in 2007, a deal could never be reached between what the landowners felt their property was worth and what Donald Trump was willing to pay.
Due to current real-estate and market conditions in 2009, Omega has determined that they have obtained purchase agreements and LOI's with landowners through EcoCalifornia, LLC enabling the company to seek the necessary capital to finally move forward in order to bring a first class Golf Course with committed PGA tournaments, and beautiful housing with townhouse projects adjacent to the course, into the Fresno, CA. region.
To view some of the news coverage on Omega click on the following links:
http://abclocal.go.com/kfsn/story?section=news/local&id=6858976
http://www.ksee24.com/news/local/47860212.html
http://www.cbs47.tv/news/local/story/New-Hope-for-Running-Horse-Project/G2f-3xrFDEiN_nx2BitWjg.cspx
For more info on Running Horse visit: www.runninghorsegolf.com
For more info on Omega visit www.stockprofiler.us
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 Securities and Exchange Commission.
CONTACT: Omega Commercial Finance, Corporate Investor Relations Dept., Joseph Vazquez, (305) 728-5350, jvazquez@ocfncorp.com