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CWFG ON THE COMEBACK
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[QUOTE]Originally posted by eddy: [QB] Commonwealth American Financial Group to Retire Shares per Previously Announced Buyback Jan 19, 2006 9:14:00 AM Copyright Business Wire 2006 MIAMI--(BUSINESS WIRE)--Jan. 19, 2006-- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) today announced that the company will retire to the treasury 650,000,000 common shares that were acquired per the company's previously announced buyback plan. The company also announced that they will continue to purchase additional shares to bring the company's worth in line with the market capitalization. Ms. Ryals President and CEO said, "As we continue to grow our company we will not stand by and endure the under evaluation of our share price. I have strong confidence in our company and believe, given our current prospects our stock is undervalued and I intend to purchase additional shares and retire them to the treasury, in addition to the previous purchase on the open market." The Company has established a website http://www.cwfgroup.net and trades under the symbol (Pink Sheets:CWFG). This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Source: Commonwealth American Financial Group, Inc. ---------------------------------------------- [/QB][/QUOTE]
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