SALT LAKE CITY, UT -- (Marketwired) -- 07/18/13 -- 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:
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.
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.
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