Commonwealth American Financial Group, Inc. Addresses Shareholder Questions Regarding the Company's Business Operations.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Commonwealth American Financial Group (Pink Sheets:CWFG) today will address shareholders & all interested parties questions regarding the company's existing business operations, plans and strategy going forward. The company currently operates within several areas of the Real Estate/Construction/Finance sectors with several current and ongoing projects with several pending projects including acquisitions/mergers and new internal growth projects pending completion. At present the company operates the following divisions/subsidiaries with specific areas of expertise and direction: Commonwealth American Financial Group, Inc. (Parent Company) Oversees all subsidiary activities while specializing in all types of Real Estate/Construction/Financing, joint ventures/acquisitions/mergers and the overall corporate strategy and administration with its headquarters located in Miami, Florida. Hawkesbury River Funding of Texas (Wholly Owned Subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. ) Has an existing office in Dallas, Texas and oversees all natural disaster related government & private bidding and bid awards for the states of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. , Texas and Florida. The company will continue to bid and enter into Joint Venture agreements with Construction related firms. Emergency Services emergency services Emergency care '…services …necessary to prevent death or serious impairment of health and, because of the danger to life or health, require the use of the most accessible hospital available and equipped to furnish those services' Company (subsidiary pending charter approval) This newly formed wholly owned subsidiary (pending) will specialize in the areas of pre negotiated contracts for services with municipal, state & federal governments for disaster relief services. Current projects underway: --Bidding on Civil Engineering for projects in hurricane affected areas in the States of Louisiana and Florida. --28 million dollar real estate development joint venture with N.W. Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control in Florida (pending) completed contracts. --56 acre land development in North Central Florida North Central Florida is a region of the U.S. state of Florida. It comprises the north-central part of the state and encompasses Alachua, Bradford, Columbia, Gilchrist, Hamilton, Lafayette, Madison, Marion, Putnam, Suwannee and Union counties. wholly owned company venture (pending completed contracts). --Share buy back program of up to 1 billion shares to be retired to the company treasury. --Current income generating mortgages in Miami, Florida. Ms. Ryals, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said: "As Chief Executive Officer it is my desire and duty to keep our shareholders and general public informed as to the company's operations and plans moving forward. I am very excited about the future of the company with the existing projects and additional projects that are in the works. We will continue to aggressively pursue additional projects for the company with the overall objective of enhancing shareholder value, the company has no intentions of a reveres split of its common stock." FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 manage 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 ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue. |
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