Omega Commercial Finance Corporation , the parent company to Capital MatchPointTM, announces their plans to launch an alternative finance division solely focused on the international and domestic legalized cannabis medical marijuana market through a separate web portal called Cannabis MatchPoint ( www.cannabismatchpoint.com ). The financial web portal will utilize Capital MatchPoint's present-day proprietary algorithms to filter and create funding matches among its financial network between capital seekers and investors within the medical marijuana industry.
This new division Cannabis MatchPoint will be a one of a kind financial platform constructed specifically to serve as a global Internet transactional portal with a social media platform that can function solely as a conduit for cannabis investors both private and institutional to virtually conduct financial transactions with various cannabis companies and/or start-ups here in the US and other untapped countries with a legalized cannabis market such as Uruguay. In addition, management's due diligence and analysis on this sector has been conducted by accessing companies, which are listed in what is known as The Medical Marijuana Index or The Cannabis Index. This is the first and only registered equity-tracking index, which monitors the performance, news, commentary, and general pulse of medical marijuana stocks, cannabis stocks, and hemp stocks. Hence, upon thorough research on the companies covered on this index, management concluded that Cannabis MatchPoint will be a dynamic platform to expand the access to capital required by these types of companies globally through its web portal. The height of its full potential and peak utilization of its technology will be during future opportunities stemming from the cannabis crowd-funding market.
It has been stated that in the US alone the $1.4 billion legalized medical cannabis market is forecasted to grow by 63% during 2014. Due to this potential growth, OCFN feels companies will more than likely need capital to continue to grow and remain competitive and more importantly fill the demand that comes with a growth industry such as this. Ken Honeyman President of Capital MatchPointTM and the creative driver behind its proprietary technology being utilized to run www.cannabismatchpoint.com had a recent conversation with Amnon Goldstein, MD, a prominent doctor in the field of integrative medicine. Dr. Goldstein quoted, "I am very pleased to have been approached by management during their period of feasibility analysis as a potential capital provider, given that I am a doctor within the integrative medical profession and lobbyist here in Florida promoting the legalization of marijuana for medical use. I can very well see myself becoming a subscribed investor searching for compelling companies listed on Cannabis MatchPoint."
In January of this year, OCFN purchased Capital MatchPointTM, which is an existing global social network and internet web portal built exclusively for ecommerce transactional capital-funding abilities. Its automated system aggregates, sorts, matches, notifies, and routes user requests and investment preferences to provide or receive funding matches between the capital seeker and the investor. Management intends to duplicate the platform by using the same engine and technology to attract investors within the medical marijuana sector and private companies seeking capital for either expansion, R&D, working capital, and/or M&A within the medical cannabis industry. Furthermore with current vendors restricted from obtaining or possessing bank accounts, this yields millions of dollars of un-invested capital, which we believe our platform will allow them to reinvest those dollars within their industry through perhaps funding key strategic partners in order to augment their own growth or create a competitive edge within their niche.
Omega Commercial Finance Corporation is a publicly traded financial services holding company with our principal companies operating in the commercial real estate, finance, and capital markets sector. As a holding company, OCFN collectively along with its subsidiaries' management teams have a combined 150 years of experience and knowledge across these respective business lines. The following are our key umbrella of companies: Omega Capital Street, Omega Asset Backed Fund, Omega Factoring, Omega Venture Capital, Omega Realty Advisors, and Capital MatchPointTM.