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[QUOTE]Originally posted by BROOKLYN'S FINEST: [QB] SORRY I JUST THAUGHT I POST THIS AGAIN January 17, 2006 - 8:38 AM EST close Email this News Article CWFG 0.0001 0.00 Today 5d 1m 3m 1y 5y 10y Commonwealth American Financial Announces the Formation of a Wholly Owned Emergency Services Subsidiary Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) today announced that the Board of Directors has established its Emergency Services Subsidiary. The name of the wholly owned subsidiary is Gulfcoast Emergency Inc. The Subsidiary's mission is to negotiate contracts with Municipal, City and State Government departments before the 2006 Hurricane season. The corporation is based in Miami, Florida and will bid on emergency type contracts such as, disaster relief, debris removal and logistical services. Contracts will be pre-arranged prior to the disaster so that the execution of contracts will be immediate rather than bidding with several other contractors after severe damage has occurred. A recent quote from the Miami Herald: "`Planning for hurricanes has to be incorporated into South Florida business models,' Nero said. Local economist Tony Villami said so far hurricanes have been a 'hidden cost' of doing business." The company is also working towards closing on the 56 acres it is in the process of purchasing. Commonwealth expects and projects profits to be approximately $500,000 based on the acquisition price of $19,000 per acre and sales prices expected to be above $30,000 per acre. Ms. Ryals President and CEO said, "We are experiencing a lot of competition in the current bidding that we have been undertaking. It is therefore imperative that we pre negotiate these type of service contracts months prior to needing such services. It is in the best interest for the company that we secure pre arranged contracts so that our risk in such ventures is minimized. This will give us time to properly complete our due diligence prior to bidding on these contracts." The Company has established a website http://www.cwfgroup.net and trades under the symbol (Pink Sheets:CWFG). FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 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 to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue. Commonwealth American Financial Group, Inc., Miami Kristin Mary Ryals, 305-913-7112 Fax: 305-913-4101 [/QB][/QUOTE]
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