Capital Financial Global Engages Auditor, Closer to Becoming SEC Fully Reporting Company

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  Published in House and Home on Tuesday, December 20th 2011 at 5:25 GMT by Market Wire
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Capital Financial Global Engages Auditor, Closer to Becoming SEC Fully Reporting... -- SALT LAKE CITY, Dec. 20, 2011 /PRNewswire/ --

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.

RELATED LINKS
[ http://www.capfiglobal.com ]