-------------------- 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.
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Commonwealth American Financial Group Signs Definitive Agreement With NW Capital Partners, LLC
MIAMI--(BUSINESS WIRE)--Dec. 12, 2005--Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) announces that they have signed a definitive agreement with NW Partners LLC to purchase and develop 91 existing and 22 vacant lots in West Palm Beach, FL. The agreement establishes the contractual arrangements between the corporations.
The project consists of 91 existing units (to be renovated or demolished) and 22 vacant building lots in the Northwest District of Downtown West Palm Beach, Florida. The approximate cost to purchase the existing units and lots is $7,500,000. The plan is to purchase and develop medium and high density housing with starting sales price of $250,000 per unit. The development will consist of single family homes, condominiums and retail commercial.
NW Capital Partners, LLC (the Partners) was formed by the Northwest Communities Development Partnership, Inc. (the CDC) a Florida not-for-profit corporation. The CDC's mission is to use its community stakeholder resources, which includes working relationships with the City of West Palm Beach, land owners and developers-builders to facilitate the revitalization of the Downtown Northwest neighborhood.
Kristin Mary Ryals CEO said, "We are excited about this venture because there is huge demand in downtown West Palm Beach and these properties are the next properties to be developed in the downtown West Palm Beach redevelopment plan. The location of the properties adjoins City Place and others." See links: http://www.cityplace.com/
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.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 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, Inc., MiamiKristin Mary Ryals, 305-913-7112 Fax: 305-913-4101
SOURCE: Commonwealth American Financial Group, Inc.
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quote:Originally posted by special ed: Ok...so I know alot of us are looking at easy money but now we've got this solid PR, what exit points are you looking at?
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i think there is a problem with news from CWFG...no one saw it, except from the nasdaq site.....? If we want new buyers, do you think we should do something with that? (contact pinksheets, etc)
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etrade still doesn't show news, don't know what I would do without alphatrade
-------------------- 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.
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quote:Originally posted by Thirb: i think there is a problem with news from CWFG...no one saw it, except from the nasdaq site.....? If we want new buyers, do you think we should do something with that? (contact pinksheets, etc)
Hell yeah. Man, lately it seems other stock news hasn't been hitting all the wires also. Geezus!!
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quote:Originally posted by Thirb: i think there is a problem with news from CWFG...no one saw it, except from the nasdaq site.....? If we want new buyers, do you think we should do something with that? (contact pinksheets, etc)
Hell yeah. Man, lately it seems other stock news hasn't been hitting all the wires also. Geezus!!
Or someone needs to call Ryals and advise her...
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Yahoo posted the news. I think it's a great idea to inform pinksheets. I posted the pr on the message board of 3stocksonfire.com. No word of it on there either.
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quote:Originally posted by Thirb: i think there is a problem with news from CWFG...no one saw it, except from the nasdaq site.....? If we want new buyers, do you think we should do something with that? (contact pinksheets, etc)
Hell yeah. Man, lately it seems other stock news hasn't been hitting all the wires also. Geezus!!
Or someone needs to call Ryals and advise her...
I emailed the contact email on www.cwfgroup.net to let them know that pinksheets.com was slow on the last pr back last week. I don't think that one is even up there yet. I hope they read my email.
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