CEDARHURST, N.Y., Nov. 22, 2006 (PRIMEZONE) -- Consumers Financial Corporation (Pink Sheets:CFCJ), a diversified merchant banking and financial services company, has formed CFC Partners, LTD., wholly-owned subsidiary to discover and potentially acquire new technologies with their joint venture partner through a relationship with Knowledge Markets, Inc.
Consumers Financial Corporation realizes the importance and endless rapid growth of future technological advancement. CFC Partners, LTD., a technology subsidiary, has been formed with the goal of providing CFCJ all available industrial and hi-tech strategic resources that offer broad-based knowledge, excellence and substantial growth, ultimately generating profitability to commercial markets. CFC Partners, LTD.'s mission will be to locate and evaluate uncommercialized intellectual property (IP) with a view towards meeting specific market needs.
Mr. David Devor has consented to be the president of this division, reporting directly to Jack Ehrenhaus, CEO of Consumers Financial Corporation, the parent company. Previous to CFCJ, Mr. Devor has been with Alliance Distributors Holding Inc. and was responsible for the marketing of their products as well as for their M&A division.
Prior to the Alliance Distributors Holdings Inc.'s purchase of Essential Reality, Inc in 2004, Mr. Devor had held numerous positions with Essential Reality, Inc. dating back to November 1999 including Vice President, Executive Vice President and COO where he was responsible for product development, business development and marketing of the Company's proprietary technologies.
Mr. Devor will work in conjunction with Knowledge Market to source, acquire, develop and commercialize technologies from leading research institutions such as the National Aeronautics and Space Administration (NASA); NASA's Ames Research Center and Jet Propulsion Lab (JLP); National Institutes of Health (NIH); Berkeley National Lab; Los Alamos National Laboratory; Oak Ridge National Laboratory; Stanford University; University of California, Berkeley; UCLA; Harvard University; Massachusetts Institute of Technology; Oxford University; Cambridge University; Tokyo University; various corporate research units; and inventors with exceptional backgrounds in their respective domains.
Consumers, companies and nations are inundated with new technology at a rate faster than at any time in human history with approximately 70 percent of these new technologies going unlicensed. http://www.knowledgemarket.com
Video Available At: http://www.investornewsalerts.com/cfc/video_player.php?PlaylistID=385&ContentID=17964
About Consumers Financial Corporation
Consumers Financial Corporation is a diversified merchant banking and financial services company dedicated to finding and assessing the value of micro-cap companies strategically located in markets where significant growth and profits can be obtained. CFCJ targets companies where management is exceptional, products are proprietary, techniques, software or technology provide some measure of exclusivity, where margins are above average and where these companies can benefit from CFCJ's financial assistance either though equity or credit facilities. CFCJ has extensive experience structuring and negotiating transactions to meet clients' strategic and financial objectives providing a broad array of services focusing on strategic consulting and financing. CFCJ helps to solve long-term strategic issues for a limited number of clients and every assignment is considered very important. CFCJ's Corporate Advisory Services provide clients with confidential, objective, profit rearing valuable insight and assistance in financing to institutionally credible qualifying micro-cap corporations on how to use their money to add strength and profitability to their existing business. CFCJ also provides restructuring and reorganization advice to create a solid management core, which possess strong, supportive, professional management teams with congruent goals. CFCJ's success in pursuing those goals is reflected in the firm's outstanding reputation. We pride ourselves on our close client based relations by maintaining the highest levels of professionalism and integrity, and senior-level attention to clients and relationships CFC knows that, in a world riddled with conflicts of interest, there is great need for our vast financial knowledge, expertise and years of experience that allows us to provide entirely objective advice and counsel without any pressure from alternative agendas.
About Knowledge Market
Knowledge Market (KM) is a Silicon Valley-based provider of technology commercialization products and services. KM provides technology transfer, financing, and business development services to its portfolio & client companies. KM's primary business activity is to source commercially relevant technologies from leading government, university and private research labs, and transfer such technologies to public companies in need of new technology to improve upon existing product or service offerings or otherwise strengthen their market positioning.