posted
Commonwealth American Financial Group Announces New Wholly Owned Subsidiary in Texas 9/6/2005 12:10:01 PM ST. PETERSBURG, Fla., Sep 06, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. announces the company has established a wholly owned subsidiary, 'Hawkesbury River Funding of Texas, Inc.' The wholly owned subsidiary will aggressively bid on contracts to reconstruct and re-establish hurricane affected buildings and businesses in Louisiana. Such contracts will include demolition, new construction, refurbishment and project management of these construction projects. The president of Hawkesbury River Funding of Texas, Damian Guthrie, has over twelve years of experience in construction development and management. 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 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 said: "The wholly owned subsidiary will actively bid on contracts involving new house construction, refurbishment of existing residential and commercial real estate and provide construction management to these developments." 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.
SOURCE: Commonwealth American Financial Group
Commonwealth American Financial Group, St. Petersburg Damian Guthrie, 786-246-1077 or Fax 727-895-8735
Copyright Business Wire 2005
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
im holding about 2 mill of this for a rainy day, I like not worrying about a r/s, im def selling into the anticipated surge at the end of the month, if there is one that moves the pps.....might even buy more today after this news, eventhough its nothing concrete interms of revs or anything
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
should see something, though we arent seeing much dollar volume yet
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
true, nothing concrete. But since i am sure they are gonna rebuild that city, or try to at least. a bunch of companies will be pullin in revs from it. X number of years from now, we will have the chance to invest in the re-rebuilding of NO.
Posts: 583 | From: Atlanta | Registered: Aug 2005
| IP: Logged |
posted
i woudve thought atleast a little vol would be coming in off the PR, not much at all so far lol
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
getting a little attention now...maybe...hopefully, a little more lol
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
whats up with this stock? It hasn't moved since I bought it at .0002. It seems to be frozen
Posts: 166 | From: Phoenix, AZ | Registered: Jul 2005
| IP: Logged |
posted
sittin on 3.5 mill of this now, its looking to actually move! lol
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
nice vol today, and thats about all i can say lol
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
looking to break 100 mill vol today, all buys at the ask
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- siggy: 'the poorest way to help the poor is to be poor' / jmichael1974 (yahoo) Posts: 836 | From: Atlanta | Registered: Aug 2004
| IP: Logged |
posted
Im not sure its going to move. I received some free shares and have received no answer why they were only 15 shares per 100. Also, this hasn't moved for weeks. Do you really think this is going to run? I'm doubtful.
Posts: 166 | From: Phoenix, AZ | Registered: Jul 2005
| IP: Logged |
posted
Volume is very low. Maybe if we could get some good press thjis might take a little run. but, it's not lookin good.
Posts: 166 | From: Phoenix, AZ | Registered: Jul 2005
| IP: Logged |
posted
Why would they do a 2 for 1 split later this month with the price so low.I learned from a couple of stocks when a stock this low does aforward split its not a good sign.
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
| IP: Logged |
posted
you are correct rick,maybe i will buy some once i have cleared funds.i take it not a long term hold just in and out.
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
| IP: Logged |
posted
news today- Press Release Source: Commonwealth American Financial Group.
Commonwealth American Financial Group Subsidiary Announces Joint Venture Offers for Hurricane Construction Monday September 12, 8:00 am ET
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Sept. 12, 2005--Commonwealth American Financial Group, Inc.(Pink Sheets:CWMF - News) announces that its wholly owned subsidiary, Hawkesbury River Funding of Texas, Inc., has received several joint venture offers. ADVERTISEMENT
Joint venture offers have been received from architects, demolition contractors, and environmental health firms who also need partners to work in the rebuilding of the region.
In addition to its newly opened Dallas headquarters, Hawkesbury River Funding of Texas, Inc. intends to open an office in New Orleans as soon as practical to participate in the hurricane reconstruction of the region.
"Everyone is aware that the Hurricane Katrina catastrophe will be the largest construction boom in the history of natural disasters," said Damian Guthrie, President. "In the coming weeks we anticipate that through our wholly owned subsidiary we will negotiate terms and conditions to place bids on various contracts in the Hurricane affected areas. We are willing to work with individual firms as well as a group of firms to offer a complete package from design to physical construction of residential, commercial and civil engineering projects."
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.
The Company has established a website http://www.cwmf.net and trades under the symbol (Pink Sheets:CWMF - News).
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 mange 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.
-------------------------------------------------------------------------------- Contact: Commonwealth American Financial Group., St. Petersburg Damian Guthrie, 786-246-1077 Fax: 727-895-8735
-------------------------------------------------------------------------------- Source: Commonwealth American Financial Group.
Posts: 3056 | Registered: Feb 2005
| IP: Logged |
posted
hopefully this moves soon, imsittin on 3.48 mill waiting for my longshot to pay off!
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
Like I said before I expect a fare amount of possitive PR will come into this company prior to the divi, and lets hope that the market is paying attention!
I like what todays PR has to say!
Good Luck Rick
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
