Omega Commercial Finance Corp. (OTCPK:OCFN) entered into a purchase agreement to acquire 24% stake in Genève International Corporation from John F. Ryan and Daniel F. Fitzpatrick for $0.02 million in cash on March 14, 2014. If the transaction is terminated, then John F. Ryan and Daniel F. Fitzpatrick will return the cash paid by Omega Commercial. The transaction is subject to Genève International filing a Form BD with the Financial Industries Regulatory Authority. The management of Genève International will be retained till the time Omega Commercial acquires the remaining 76% of Genève International. The first closing is expected to occur on March 18, 2014. Nummi & Associates acted as Escrow agent in the transaction. John Bussaca acted as broker in the transaction and will be paid advisory fees of $10,000.

Omega Commercial Finance Corp. (OTCPK:OCFN) cancelled the acquisition of 24% stake in Genève International Corporation from John F. Ryan and Daniel F. Fitzpatrick on June 9, 2014. In accordance with the terms of the agreement, Omega paid Geneve approximately $0.02 million upon first closing to acquire 24% of the issued and outstanding common stock. The second closing never occurred, and Omega unwound the deal, receiving their funds minus fees and expenses on June 9, 2014.