Commonwealth American Financial Group to Apply for Contracts Above $25,000

Business Wire, Sept 28, 2005

ST. PETERSBURG, Fla. -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWMF) announces that it has submitted through its wholly owned subsidiary Hawkesbury River Funding of Texas, Inc. an application to view and receive contract documents for all Federal Business opportunities above $25,000 in value.

Hawkesbury River Funding of Texas, Inc. has been established to coordinate efforts to bid and administer contract documents to various subcontractors and perform joint ventures with existing firms located in the Hurricane affected areas in Louisiana and Texas. Hawkesbury River Funding, has received a FEMA approval contractor number from DHS-FEMA. Joint venture offers have been received and are being negotiated from architects, demolition contractors, and environmental health firms who also need partners to work in the rebuilding of the region.

While the mission of Commonwealth American Financial Group, Inc. is to invest in land development projects either as developer, joint venture partner, or lender and create mezzanine financing opportunities, the opportunities that are presenting themselves are such that companies like Architects, engineering companies, and debris removal companies need partners to fund their work which will be paid by either FEMA or private insurance carriers.

Damian Guthrie, 'President' said: "We anticipate that in the coming week's contracts surrounding the re-building effort will become more transparent to corporations like ours wishing to bid in an open market for the reconstruction work that is necessary in those areas."

The company will also grow by acquiring subsidiaries in related fields such as construction, real estate brokerage-appraisal-management, in Florida, Texas and Louisiana. The Company has established a website http://www.cwmf.net and trades under the symbol (Pink Sheets:CWMF).

FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to mange growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.