SALT LAKE CITY, Jan. 10, 2012 /PRNewswire/ -- Capital Financial
Global, Inc. (OTC:CFGX), announced today that it signed its first
client on its new loan servicing platform.
"We are proud to put our first client on our new loan servicing
platform," said Mr. Paul Norat, CEO
of Capital Financial Global, Inc. "We've set a goal to have
1,000 loans on our system by the end of this year and 10,000 on
board by the end of 2013."
"I can't overstate the importance of this loan servicing
platform for our long term success," said Mr. Norat. "This will
give us a substantial revenue base in monthly servicing fees in
addition to allowing us to more effectively manage loan interest
rate spreads and loan portfolio sales and acquisitions."
The platform consists of various proprietary hardware and
software components, along with key pieces that integrate with the
ACH (automated clearing house) network, allowing the Company to
move inbound borrower payments and outbound note-holder
disbursements automatically.
For additional information, please contact our Investor
Relations team headed by Mr. Michael
Keller by calling toll free at 888-801-9715 or by emailing
ir@capfiglobal.com.
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC:CFGX) is a specialty
finance company that, unlike traditional banks, helps organizations
obtain needed liquidity by using an asset-backed approach rather
than a traditional credit approach to originating new loans, buying
and selling existing loans, and by converting distressed collateral
into cash or tradable form. The company is publicly traded on the
OTC Markets trading system under the symbol "CFGX".
Our Business Model
The Company makes money by charging loan fees, making
interest rate spreads on loans it holds, and by buying &
selling loans in whole or in part to institutional investors, hedge
funds, or other secondary market participants. The Company
also makes money by selling distressed assets that it acquires for
its own investment or through some type of foreclosure.
Market Segments
The market segments the Company operates in are: insurance
trusts and pension funds, residential & commercial real estate,
precious metals, and investment grade government securities. The
Company will also aggressively pursue any other opportunities that
fall within its overall strategy.
Forward-looking statements:
Statements in this press release relating to plans,
strategies, economic performance and trends, projections of results
of specific activities or investments, and other statements that
are not descriptions of historical facts may be forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
information is inherently subject to risks and uncertainties, and
actual results could differ materially from those currently
anticipated due to a number of factors, which include but are not
limited to, risk factors inherent in doing business.
Forward-looking statements may be identified by terms such as
"may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts,"
"potential," or "continue," or similar terms or the negative of
these terms. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
The company has no obligation to update these forward-looking
statements.
For more information please contact:
Capital Financial Global, Inc.
Investor Relations
Mike Keller
Tel: 888-801-9715
Email: ir@capfiglobal.com
www.capfiglobal.com
SOURCE Capital Financial Global, Inc.