SALT LAKE CITY, Sept. 12, 2013 /PRNewswire/ -- Capital
Financial Global, Inc. (OTC Pink: CFGX) announced today that it has
implemented a plan to restructure its board of directors to conform
with the higher corporate governance standards of the national
securities exchanges in preparation for its goal to up-list.
This will call for the nomination of a majority of independent
directors to perform the duties related to the required audit,
compensation, and nomination committees.
"We will be actively recruiting top level talent to help staff
our various board committees so we can strengthen and increase our
core group of leadership at the board level," said Mr. Paul Edward Norat, CEO of Capital Financial
Global, Inc. "Furthermore, this will help us meet the basic
standards of corporate governance that we'll need to have in place
when we apply to be listed with a national exchange, as we work
toward meeting the financial and other listing requirements."
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.
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"
SOURCE Capital Financial Global, Inc.
