TORONTO, Feb. 17, 2004 (PRIMEZONE) -- Ofek Capital Corp. (Pink Sheets:OFCC), a fully reporting company, is pleased to announce that in line with the company's commitment to bring forth its message to the investment community, and in line of maintaining proactive programs aimed at enhancing shareholders' value, it has retained Morgan James & Associates, Inc., a consulting company specializing in corporate financing, investor communications, and management consulting.
Ofek also extended its web presence on www.MacReport.net for another 3 months and may be seeking broader arrangements with this successful hub, so as to enable Ofek to reach MacReport's database of investors.
Shalom Romm, Ofek's CEO notes, "Morgan James & Associates (MJA) (www.mjacorp.com) will be assisting us in getting our story out to the investment community. MJA has a remarkable track record enhancing shareholders' value for publicly traded small-caps and are very well respected. We expect them to arrange additional analyst research coverage, communicating our business plan, marketing strategy, financing developments and our rapid growth potential to the public and the investment community. In addition, MJA has retained Sutton Aspen & Company (www.c-ir.com) to assist in its plans for Ofek Capital. With MJA' & Sutton Aspen & Company's expertise, abilities and contacts coupled with Ofek's success in the sub-prime financial services sector, Ofek should become materially better known in the investment community."
About Ofek Capital
Ofek www.OfekCapital.com 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 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
-- 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
About Morgan James & Associates:
Morgan James & Associates (MJA) provides a wide range of consulting services for the micro-cap and small-cap markets to include media introductions, strong capital resourcing, acquisition resources, and results-oriented marketing programs. MJA specializes in discovering new private companies and under-valued public companies that have strong management teams and that are positioned for dramatic growth.
About Sutton Aspen & Company
Sutton Aspen & Company is a media and information company dealing with the OTCBB, Pinksheet, AMEX, and NASDAQ stock markets. Sutton Aspen & Company produces quality media content that is unique and offers market participants and investors a different look at the markets.
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. Ofek Capital Corp. takes no obligation to update or correct any or such forward-looking statements.