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its a pinkie which I rarely ever play but this is worth a slice!!
Commonwealth American Financial Group Announces No Reverse Split; $10 Million New Bidding on Contracts
ST. PETERSBURG, Fla., Oct 20, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announced today that its wholly owned subsidiary Hawkesbury River Funding of Texas, has commenced bidding on projects worth approximately 10 million dollars in the Louisiana region.
The total value of Contracts that Hawkesbury River Funding of Texas is currently bidding on exceeds 16 million dollars. The new construction work involves civil engineering work including, roads and drainage reconstruction and new utilities construction including sewerage, water and electrical construction. Hawkesbury River will handle all bidding at its Dallas, Texas office. The company is preparing additional bids and will meet weekly bid schedules.
Mr. Guthrie, President, said: "we have no plans to undertake a reverse split in Commonwealth American Financial Group, Inc. at this time. We would like to express our commitment to the shareholders that have continued to support the company in the last couple of months."
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.
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