CFGX Latest news release: Capital Financial Global Pursuing 40% Interest In Hedge Fund
SALT LAKE CITY, June 27, 2012
SALT LAKE CITY, June 27, 2012 /PRNewswire/ -- Capital Financial Global, Inc. (OTC: CFGX), announced today that it is in talks with a hedge fund to acquire a 40% interest in its management entity.
"We are hopeful this will allow us to increase our funding capacity and simultaneously add some consistent fee revenue to our business model," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "Even though we have reached an agreement in concept, I have to wait for due diligence to complete before I can announce names and final terms. I'm very excited about this and will announce more as soon as I can."