SALT LAKE CITY, Nov. 3, 2011 /PRNewswire/ -- Capital Financial
Global, Inc. (OTC:CFGX), announced today that it plans to engage an
auditor and begin the process to become a fully reporting company
with the SEC, enabling it to upgrade to the OTCQB.
"This move will help us provide the clarity and disclosure our
shareholders and business partners want throughout the years, and
will enable the Company to enter into more valuable business
relationships with partners that require the higher standards that
an SEC reporting company provides," said Mr. Paul Norat, CEO of Capital Financial Global,
Inc.
The Company plans to begin the process immediately and hopes to
make the transition within the next 6-12 months.
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 trade-able form. The company is publicly traded on the
OTC Markets trading system under the symbol "CFGX".
Our Business Model
The Company makes money by originating new loans, buying and
selling existing loans, and by converting distressed collateral
into cash or trade-able form.
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
falls 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.
Contact:
Capital Financial Global, Inc.
www.capfiglobal.com
Email: ir@capfiglobal.com
Tel: 801-747-2000
SOURCE Capital Financial Global, Inc.