Commonwealth American Financial Group Announces Texas Office to Pursue Construction Contracts in Texas.ST. PETERSBURG, Fla. -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWMF) announces the company will utilize the existing 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 Funding of Texas, Inc.' to coordinate and administrate ad·min·is·trate tr.v. ad·min·is·trat·ed, ad·min·is·trat·ing, ad·min·is·trates To administer. administrate Verb [-trating, -trated the bidding of contracts for construction and rehabilitation contracts in Texas and Louisiana. An office has been established in Dallas, Texas to act as the main headquarters for the new subsidiary. The Company has established a website http://www.cwmf.net and trades under the symbol (Pink Sheets:CWMF). 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 Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the 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. Mr. Guthrie, president of Commonwealth American Financial Group, Inc., said: "Our next step is to actively receive contract documents from private and government departments for work that will no doubt be required due to the effects of both Hurricanes. We have established relationships with construction firms in the localized areas that are willing and able to perform on such contracts." FORWARD-LOOKING STATEMENTS: This information includes forward-looking statements 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 mange mange (mānj), contagious skin disease of domestic and wild animals. The several types of mange, including follicular and sarcoptic mange, are caused by various minute parasitic mites that burrow into skin, hair follicles, or sweat glands. 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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