Capital Financial Global Posts Audited Financials, Planning Up-List to OTCQB Tier
18 July 2013 - 10:00PM
Marketwired
Capital Financial Global, Inc. (OTC Pink: CFGX) announced today
that it has successfully completed the financial audit process for
the years ending 2012 and 2011, and will continue its plans to
up-list to the OTCQB fully reporting tier.
"I'd like to thank our internal and external auditors and all
the many people who helped us get through the lengthy and tedious
process of getting our financial statements and related historical
records audited, some of which went all the way back to 1988," said
Mr. Paul Norat, CEO of Capital Financial Global, Inc. "We can now
move forward with our SEC filings to become fully reporting."
"This is a very significant event for the success of our Company
because being audited and fully reporting with the SEC will now
allow us to access capital in ways that have been inaccessible to
us for the last several years," added Mr. Norat. "It's a major
breakthrough for us."
The audit report can be found posted in the Company's OTC
Markets disclosure portal at:
http://www.otcmarkets.com/stock/CFGX/filings
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (CFGX) is a specialty finance
company that provides asset-based financing and loan advisory
services to insurance trusts & pension funds, owners of
commercial real estate, owners of residential real estate
portfolios, and owners of mining & precious metals assets.
Our Market Positioning &
Differentiation
Unlike traditional banking models, CFGX 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 converting distressed collateral
into cash or trade-able form. We are the preferred alternative to
traditional bank financing.
Our Revenue Model
We make money by charging loan fees, making interest rate
spreads on loans we hold, and by buying & selling loans in
whole or in part to institutional investors, hedge funds, or other
secondary market participants. We also make money by charging loan
servicing fees and by selling distressed assets that we acquire for
our own investment or through some type of foreclosure.
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 Tel: 888-801-9715 Email: ir@capfiglobal.com
www.capfiglobal.com Twitter: @CFGX Facebook: "Capital Financial
Global, Inc. Ticker: CFGX"
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