Omega Commercial Finance Corp. Acquires Casino Cruise Ship

Tuesday, July 29, 2008

Omega Commercial Finance Corporation announced that it has finalized its acquisition of a luxury casino cruise ship with Oceans 21-Miami LLC and its majority shareholder. The casino cruise ship's name shall be changed to the Omega Royale and will be deployed in international waters as part of the offshore casino cruise industry.

The Omega Royale will be a 100,000 sq. ft. resort-style casino vessel equipped with a 49,000 sq. ft., state-of-the-art casino that will include approximately 500 player tracking slot machines and 64 table games consisting of Baccarat, Black Jack, Craps and Roulette. The casino will be spread over four decks, which will be connected via elevators and escalators. Omega Royale expects to compete primarily with other gaming operations within a one hundred mile radius. Management believes that their casino operations have a distinct competitive advantage over its primary competitors

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