SALT LAKE CITY, Dec. 20, 2011 /PRNewswire/ -- Capital
Financial Global, Inc. (OTC:CFGX), announced today that it has
formally engaged the accounting firm Hansen, Barnett, &
Maxwell, P.C., as its independent auditor.
"Our goal is to elevate the Company to the OTCQB Tier by
becoming fully reporting in 2012 and choosing the right auditor is
the first important step to getting us there," said Mr.
Paul Norat, CEO of Capital Financial
Global, Inc. "We are excited to work with Hansen, Barnett
& Maxwell; they are extremely experienced and well-respected
auditors and have been successfully helping companies meet the
SEC's rigorous reporting standards for years."
"Additionally, providing audited financials is in line with our
stated Ethical Standards to 'proactively provide clear and
appropriate information to all our business constituents.' We
feel this will increase investor confidence and help create
long-term growth and stability for our shareholders," said Mr.
Norat.
"For additional information, we encourage shareholders to reach
out to our new 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 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
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.
