Capital Financial Global Adds $13.9 Million Dollars of Insurance Lending Pipeline to Its Recently Acquired Distressed Gold Mine
SALT LAKE CITY, Nov. 28, 2011 /PRNewswire/ — Capital Financial Global, Inc. (OTC:CFGX), announced today that its insurance lending pipeline has reached $13.9 Million Dollars.
“It’s important that our shareholders know that our core lending business is progressing very well,” said Mr. Paul Norat, CEO of Capital Financial Global, Inc. “Taken with our recently acquired distressed gold mine, we have the makings of some nice revenues for the next coming years. As we are able to put more pieces into place, our progress will accelerate more, and more.”
The Company’s insurance lending activities include making loans to insurance trusts, deferred compensation trusts, and other qualified and non-qualified plans, including premium financing on individual policies.
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.
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.
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.
Capital Financial Global, Inc.
SOURCE Capital Financial Global, Inc.