posted
this should be on the move soon jump on befor they close the deal
MIAMI, Mar 14, 2006 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announces that Essex Capital Partners, LLC, is currently evaluating two manufacturing firms for purchase. Both companies represent $10-$12 million in annual sales revenues respectively. Both companies are undervalued and located in N. Central Florida.
Ms. Ryals, President and CEO of Commonwealth said, "We are excited about the process and how quickly it is taking shape." Dr. Jones, Chairman and CEO of Essex, states, "Because of the current business climate in the southeast, our opportunities to find great manufacturing companies at undervalued prices is excellent."
The goal of Essex is to assist Commonwealth to acquire 2 undervalued companies over the next 12 months. The goal of Commonwealth is to increase shareholder value through the acquisition and management of real estate and manufacturing companies, while providing mezzanine financing.
The Company has established a website http://www.cwfgroup.net and trades under the symbol (Pink Sheets:CWFG).
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posted
It's good news. My only concern is that these guys are in the real estate business. It's all over their web site. So, what do they know about managing or turning around a manufacturing company?
-------------------- You can't afford to risk, what you can't afford to loose.
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