SALT LAKE CITY, Feb. 24, 2014 /PRNewswire/ -- Capital
Financial Global, Inc. (OTC Pink: CFGX), announced today that it
has executed a letter of intent to purchase $5.6 million dollars of debt in Gold Rush
Refiners, LLC, a distressed Georgia based gold and precious metals
refinery. The debt will be acquired in exchange for $2 million
dollars' worth of the Company's Series B Preferred Stock.
"The plan is to acquire the debt, re-age it, and structure a
work-out that will allow the refinery to cash flow and get back on
its feet," said Mr. Paul Edward
Norat, CEO of Capital Financial Global, Inc. "Once the
refinery starts cash flowing again it will mean incoming cash flow
to us in the form of a performing loan. It's a true win-win
transaction."
The names of the specific creditors were not released. The
letter of intent can be found on the Company's online disclosure
portal at: http://www.otcmarkets.com/stock/CFGX/filings
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (CFGX) is a specialty finance
company that offers 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.
Our Market Positioning & Differentiation
Unlike traditional banking models, CFGX offers organizations
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.
Our Revenue Model
We seek revenue from loan fees, interest rate spreads on loans
we hold, and margins on loans sold in whole or in part to
institutional investors, hedge funds, or other secondary market
participants. We also seek revenue by charging loan servicing
fees and by selling distressed assets that we acquire for our own
investment or through some type of foreclosure.
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.
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
Tel: 888-801-9715
Email: ir@capfiglobal.com
www.capfiglobal.com
Twitter: @CFGX
Facebook: "Capital Financial Global, Inc. Ticker: CFGX"
SOURCE Capital Financial Global, Inc.