SALT LAKE CITY, UT-- August 23, 2013 - Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has selected the veteran securities firm Kruse, Landa, Maycock & Ricks, Salt Lake City, to assist in preparing a registration statement to be filed with the SEC by Capital Financial Global.
Once the registration is filed and effective, Global Capital Financial will be required to file quarterly and annual SEC reports, which is a requirement for its common stock to be eligible for quotation and trading on higher-level OTC markets.
"I'm proud to announce our selection of Kruse Landa and consider it a huge compliment that they are willing to team up with us, since they are selective in who they are willing to represent," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "This move means we can now continue to move forward with our SEC filings to become fully reporting, up-list, and start raising more capital."
"As I've stated previously, taking steps to becoming fully reporting with the SEC is very significant for the success of our Company because it will allow us to access capital in ways that have been inaccessible to us for the last several years," added Mr. Norat. "These are crucial milestones for us to hit."
More information about the securities firm Kruse, Landa, Maycock & Ricks can be found on their website at http://klmrlaw.com/
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. 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.
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SOURCE: Capital Financial Global, Inc.