TORONTO–(BUSINESS WIRE)–May 19, 2003–Committed to significantly increasing shareholder value, Ofek Capital Corp. (Pink Sheets:OFCC) announces it has retained TheStockbroker.com, Inc. to provide afull range of investor relations services to the Company.
TheStockbroker.com will commence and maintain proactive programs aimed at enhancing Ofek’s shareholders value by broadening its investor base and visibility on Wall Street. TheStockbroker.com will arrange analyst research coverage, communicating the Company’s business plan, marketing strategy, financing developments and rapid growth potential to investors.
Shalom Romm, Ofek’s CEO notes: “TheStockbroker.com can greatly assist us in getting our story out to Wall Street and the investment community. They have an impressive track record enhancing shareholder value for publicly traded small-caps and are very well respected. With their expertise and contacts, Ofek’s success in sub-prime financial services sector and market place can become better known in the investment community. This new relationship will accelerate implementation of our strategic growth plans and broaden relationships with numerous investment firms.”
Marvin T. Bear, President and CEO, TheStockbroker.com states: “We are highly selective in choosing clients and after thorough due diligence are pleased to have Ofek join the small group of companies we represent. TheStockbroker.com is confident that Ofek’s management will execute its business and marketing plans and introduce innovative products and services. Having succeeded with many other small caps in the financial services sector, we know we can help Ofek grow its market penetration dramatically in the near future.”
Matt Hansen, Associate, TheStockbroker.com concluded, “Our programs will assist Ofek obtain greater liquidity in the market, broaden its shareholder base enhancing shareholder value, and realize greater visibility among investors looking to take a position in emerging growth companies like Ofek.”
About Ofek Capital, http://www.OfekCapital.com
Ofek Capital is a North American financial services company that operates within the sub-prime lending and financing market. Ofek believes that the sub-prime market is the most lucrative niche in the financial services industry.
Ofek Capital subsidiaries include: AJM Leasing, Mortgage Bankers of North America, Venture Capital, and SecondaryMarkets.
— Ofek leases used cars through its Ontario subsidiary, AJM
Leasing
— Mortgage Bankers of North America, a California subsidiary,
anticipates offering traditional mortgage banking services in
24 states
— Venture Capital Corp. is currently evaluating a number of
equity involvements, funding and investment prospects. Upon
completion of proper due diligence, Ofek will move forward
with Venture Capital selections and expects its choices to
enhance the Ofek balance sheet benefiting shareholder equity
and value
— SecondaryMarkets, a California subsidiary, anticipates the
development of a proprietary, patent pending, automated
submission and lending approval software system. It will be
state-of-the-art and capable of generating immediate loan
approval from multiple loan providers
This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, which reflect management’s expectations regarding Ofek’s future growth, results of operations, performance and business prospects and opportunities. These statements reflect management’s current beliefs and are based on information currently available to management. Forward-looking statements involve significant risks, uncertainties and assumptions. A number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements.
