$CFGX a/h news: Tests-Confirm-Gold-@-St.-Louis-Mine
Press Release: Capital Financial Global, Inc.
SALT LAKE CITY, July 18, 2012 /PRNewswire/ -- Capital Financial Global, Inc. (CFGX), announced today that it has received the lab results from an additional 10 samples pulled from its distressed St. Louis Mine. The results are as follows:
"We are in the process of compiling enough hard data to put together a NI 41-101, which will allow us to list the true value of the mine on our balance sheet," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "Right now, due to GAAP guidelines, we have the asset listed at our purchase price, which we feel dramatically understates what we really have. When this process is completed, our shares will be dramatically underpriced, that's for sure."
More details about this can be found on the Company's website at:
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (CFGX) is a specialty finance company that provides asset-backed 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.
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 Business 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.