Capital Financial Global Signs First Client on New Loan Servicing Platform
SALT LAKE CITY, Jan. 10, 2012 /PRNewswire/ -- Capital Financial Global, Inc. (OTC:CFGX), announced today that it signed its first client on its new loan servicing platform.
"We are proud to put our first client on our new loan servicing platform," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "We've set a goal to have 1,000 loans on our system by the end of this year and 10,000 on board by the end of 2013."
"I can't overstate the importance of this loan servicing platform for our long term success," said Mr. Norat. "This will give us a substantial revenue base in monthly servicing fees in addition to allowing us to more effectively manage loan interest rate spreads and loan portfolio sales and acquisitions."
The platform consists of various proprietary hardware and software components, along with key pieces that integrate with the ACH (automated clearing house) network, allowing the Company to move inbound borrower payments and outbound note-holder disbursements automatically.
For additional information, please contact our Investor Relations team headed by Mr. Michael Keller by calling toll free at 888-801-9715 or by emailing [email protected].
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 tradable form. The company is publicly traded on the OTC Markets trading system under the symbol "CFGX".
Our Business Model
The Company makes money by charging loan fees, making interest rate spreads on loans it holds, and by buying & selling loans in whole or in part to institutional investors, hedge funds, or other secondary market participants. The Company also makes money by selling distressed assets that it acquires for its own investment or through some type of foreclosure.
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: [email protected]
www.capfiglobal.com
SOURCE Capital Financial Global, Inc.
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