Commonwealth American Financial Group Announces Progress on Contracts and Expansion to South Florida.ST. PETERSBURG, Fla. -- Commonwealth American Financial Group, Inc. (Pink Sheets: CWFG) announced today that through its 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. Hawkesbury River Hawkesbury River River, New South Wales, Australia. Rising in the Great Dividing Range, it flows 293 mi (472 km) northeast to the Tasman Sea north of Sydney. Known as the Wollondilly in its upper course and as the Warragamba after receiving the Nattai River, it becomes the Funding of Texas has submitted two bids for contract documents that were received in October. The company is submitting a further four bids by the second week of November for contracts in Louisiana related to civil engineering projects. Commonwealth American also announces that it is expanding its bidding of engineering contracts to the South Florida region that was also severely damaged by the recent Hurricane that made land fall in Florida last weekend. These first initial contracts that Hawkesbury River Funding of Texas are bidding on are civil engineering based contracts that have involved specialized geotechnical, survey, material and engineering analysis prior to contracts being created. It has taken several weeks to receive documentation for these contracts and we will continue to become involved in such contracts over the coming months. Hawkesbury River will handle all bidding at its Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. office for the Louisiana contracts. Hawkesbury River is requesting local firms to contact its Dallas office and provide relevant contract experience and corporate resumes that will be used in the bidding process for this construction work. Mr. Guthrie, President, said: "The corporate strategy currently is to bid continually on these types of Contracts for the next few months and invest our time in securing relationships with local contractors in Louisiana and Florida. We have a lot of competition currently and anticipate that the level of competition will reduce over the next few weeks." 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 Florida, Texas and Louisiana. The Company has established a website www.cwmf.net and trades under the symbol (Pink Sheets:CWFG). FORWARD LOOKING STATEMENTS: This information includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion