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Capital Financial Global, Inc. (CFGX)

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Capital Financial Global, Inc. (CFGX)




COMPANY WEBSITE
 






   A/S  Per Nev SOS   = 3,000,000,000 a/o May 23, 2017

A/S (Common) Nev SOS    = 2,850,000,000 a/o May 23, 2017
    
     O/S OTC MARKETS = 1,786,275,316 a/o Apr 28, 2017 


Float  Per OTC Markets  = 1,384,830,299 a/o Sep 30, 2016

 

COMPANY INFO

COMPANY FILINGS

NEVADA SOS ENTITY ACTIONS

NEWSROOM

TWITTER - FACEBOOK - LINKEDIN



******************** LATEST PRESS RELEASES ********************




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Capital Financial Global Completes Merger With Affiliated Funding Corporation, Invoice Factoring and Commercial Finance Business

 

SALT LAKE CITY, March 22, 2019 (GLOBE NEWSWIRE) -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has successfully completed a merger with Affiliated Funding Corporation (“AFC”), an invoice factoring and commercial finance business.

The result of the transaction is that AFC has merged with and into CFGX, and CFGX is now the surviving entity.

“We thank the guys from Affiliated for working so fast to get this done and we welcome them to our team,” said Paul Edward Norat, CEO of Capital Financial Global. “As I’ve pointed out before, this merger is a huge development for us because it comes with an existing credit facility to fund loans with, software and infrastructure to handle growth, and two seasoned professionals to join us.”

“We love the synergy that will result from our merger and feel like we just started something big,” said Ronald N. Hyatt, former CEO of Affiliated Funding Corporation. “Now it’s time to roll up our shirt-sleeves and get to work.”

The merger consideration was composed of a combination of restricted preferred stock and new debt. The Company does not have any plans for a reverse-split in connection with the merger.

It is anticipated that commercial finance, including invoice factoring, will form an informal business segment that will supplement CFGX’s existing real estate and life settlement backed funding pursuits.

The Company plans to release an updated plan of operations in the weeks to come. Disclosures can be found on the Company’s website and its online disclosure portal at:

https://www.capfiglobal.com/ 
https://www.otcmarkets.com/stock/CFGX/disclosure





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Capital Financial Global in Talks to Acquire Affiliated Funding Corporation, Invoice Factoring and Commercial Finance Business

 

SALT LAKE CITY, UT–(February 25, 2019) – Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has executed a letter of intent to acquire all of the outstanding stock of Affiliated Funding Corporation (“AFC”), an invoice factoring and commercial finance business.

The result of the transaction will be that AFC will merge with and into CFGX, and CFGX will be the surviving entity on the closing of the Merger. The closing of the Merger is subject to the execution of a final Agreement and Plan of Merger, and the satisfaction of certain conditions, including approval by all of the AFC Stockholders.

“This merger comes with an existing credit facility to fund loans with, software and infrastructure to handle growth, and two seasoned professionals to join CFGX and execute our combined business objectives,” said Paul Edward Norat, CEO of Capital Financial Global. “AFC’s management team have been in the industry since 1993, and we’ll get the benefit of more than 15 years of AFC’s profitable history, along with their existing client book and revenue stream. I couldn’t be more pleased with the forward momentum that this will give us.”

“After engaging in several rounds of informal discussions, we feel that joining forces with CFGX will enable us to accomplish much more over the long-term,” said Ronald N. Hyatt, CEO of Affiliated Funding Corporation. “This will be a true case of synergistic alignment that will make us both much better together than we could have been apart. We can’t wait to close the merger and get to work as part of CFGX’s management team.”

The letter of intent calls for the purchase price to be paid in the form of a combination of restricted preferred stock and new debt.

It is anticipated that commercial finance, including invoice factoring, will form an informal business segment that will supplement CFGX’s existing real estate and life settlement backed funding pursuits.

The Company plans to release an updated plan of operations in the weeks to come. Disclosures can be found on the Company’s website and its online disclosure portal at:

https://www.capfiglobal.com/
https://www.otcmarkets.com/stock/CFGX/disclosure



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Capital Financial Global Announces Letter of Intent for Possible Life Settlement Transaction

 

SALT LAKE CITY, UT–(March 24, 2017) – Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has signed a Letter of Intent to enter into a possible arrangement involving the potential acquisition of cash flows derived from the death benefit payouts from various portfolios of senior life settlement policies.

“This marks a clear path to our going-forward business model,” said Paul Edward Norat, CEO of Capital Financial Global, Inc. “We expect big things to come as a result of this agreement. We plan to fundamentally change how the life settlement industry accesses the capital markets.”

The completion of the foregoing transactions are subject to the negotiation of complex, multi-party definitive agreements; the satisfactory review by each party of the business and financial condition of other parties; each party’s analysis of the ability of each other party to perform its commercial obligations; the accuracy of representations and warranties and the satisfaction of conditions that will be included in the definitive agreements; compliance with regulatory matters; the approval of certain legal matters; and various other matters not currently identified.  Our ability to participate as proposed in these transactions is dependent on our ability to obtain third party credit enhancements to support debt offerings; our ability to obtain the necessary funding that we will be obligated to provide; our ability to recruit and retain experienced financial and insurance executives to become a credible participant and manage our contractual obligations; our ability to prepare updated financial statements, obtain audits, and prepare regulatory filings; the registration of our common stock under the Securities Exchange Act of 1934 and meet ongoing periodic reporting obligations; the development of a viable trading market in our securities; and other factors.  Many of the foregoing are outside our control or influence.  We cannot assure that the necessary definitive agreements will be negotiated and signed, that we will be able to perform our contractual obligations, or that, if we do, we will derive revenues therefrom.More definitive details will be released as the various components of the Letter of Intent become solidified.
 

A copy of the Letter of Intent can be review here: LOI Details

The Company plans to release an updated plan of operations in the weeks to come.

Disclosures can be found on the Company’s website: Company filings and its online disclosure portal at: OTC Markets

 

 

Company Profile

Capital Financial Global (CFGX) is a specialty finance company that provides asset-backed financing and loan advisory services.

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.

 

Mission & Vision

Mission:

To help organizations obtain needed liquidity by using a non-traditional, asset-backed approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form.


Vision:

Our higher purpose is to help restore global economic stability by adding only socially and economically responsible financial assets to the global financial system, by helping to rid the system of illiquid, toxic financial assets, and by being the positive change we want to see in the world as an organization.

 

Ethical Standards

In working with us, you will find that:

- We treat others as we would want to be treated, in every circumstance. This includes our clients, our investors, our creditors, our business partners, our employees, and the rest of the world that we may impact, directly and indirectly.
- We only do win-win transactions that benefit all parties involved, in some way.
- We do not take unfair advantage of others.
- We proactively provide clear and appropriate information to all our business constituents.
- We do not deceive anyone in any way.
- We respect and protect our economy and the world in which we live and thrive.
- We report those who violate our ethical and moral standards without exception, including our own upper management.
- We ensure that we are living up to these standards by implementing and maintaining an effective corporate governance strategy to monitor, audit, educate, and enforce them.

 


Management

 

Paul Edward Norat : Chairman, President & CEO:

Mr. Paul Edward Norat is Chairman, President & CEO, of Capital Financial Global, Inc. (OTC:CFGX), a specialty finance company. Mr. Norat was previously Chairman, President & CEO, of Capital Financial Services, Inc., a specialty finance company based in Salt Lake City, Utah and operating in the western region of the USA, from April 2000 to May 2010. Prior to 2000, Mr. Norat served as Chief Operations Officer, Vice President of Marketing, and Director of Marketing, respectively, at Equity First Marketing, LLC, a privately held nationwide financial services firm. Mr. Norat began his career as an Investment Analyst for USA Financial Security Corporation, New York, in 1992. Mr. Norat received his BS in Economics and Minor in Business at the University of Utah, and a Master of Business Administration at the David Eccles School of Business at the University of Utah.  Mr. Norat lives in the foothills of the Wasatch Mountains in Salt Lake City, Utah, USA, where he and his wife enjoy raising their four children in the active lifestyle that the mountainous area provides.

 

 
Board of Directors

 

Paul Edward Norat : Chairman, President

Mr. Paul Edward Norat is Chairman, President & CEO, of Capital Financial Global, Inc. (OTC:CFGX), a specialty finance company. Mr. Norat was previously Chairman, President & CEO, of Capital Financial Services, Inc., a specialty finance company based in Salt Lake City, Utah and operating in the western region of the USA, from April 2000 to May 2010. Prior to 2000, Mr. Norat served as Chief Operations Officer, Vice President of Marketing, and Director of Marketing, respectively, at Equity First Marketing, LLC, a privately held nationwide financial services firm. Mr. Norat began his career as an Investment Analyst for USA Financial Security Corporation, New York, in 1992. Mr. Norat received his BS in Economics and Minor in Business at the University of Utah, and a Master of Business Administration at the David Eccles School of Business at the University of Utah. Mr. Norat lives in the foothills of the Wasatch Mountains in Salt Lake City, Utah, USA, where he and his wife enjoy raising their four children in the active lifestyle that the mountainous area provides.
 

Curtis Rasmussen : CPA Independent Director

Curtis Rasmussen is President of Rasmussen & Associates, PC a full service Certified Public Accounting Firm located in North Salt Lake, Utah. Mr. Rasmussen has been working in the public accounting arena for the past eleven years. Prior to working in public accounting Mr. Rasmussen spent several years as a financial systems consultant with various Fortune 500 companies. Mr. Rasmussen received his Bachelors Degree in Accounting from Utah State University and a Masters Degree in Professional Accounting/Taxation from Weber State University. Mr. Rasmussen is a licensed Certified Public Accountant in both Utah and Nevada. Mr. Rasmussen lives in Kaysville, Utah with his wife and four children.

 

Advisors
 

Charles D. Roe, CPA : Advisor

Mr. Roe is an Audit Partner at HJ & Associates, LLC, with over 36 years of experience in public and private accounting. Chuck has experience with clients in professional services, manufacturing, distribution, software and mineral resources industries. He also has extensive experience in providing audit and related services to public companies dealing with the US Securities and Exchange Commission and other regulators.

Chuck graduated in 1976 from the University of Utah with a Bachelor of Arts in Accounting. Chuck is a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants (AICPA) and the Utah Association of Certified Public Accountants (UACPA).

Chuck has 5 years of experience as a Chief Financial Officer for two public companies. He was also in management of a professional financial services company as well as practiced public accounting with an international and several local firms. Chuck holds a CPA license in Utah, Nevada, Texas and Wyoming.

Coporate Governance
 


 


 

 




 

 









 










 

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PostSubject
#45297  Sticky Note MUST READ CFGX DD. waterchaser 03/31/19 06:03:03 PM
#44776  Sticky Note CFGX News: Completes Merger With Affiliated Funding Corporation, Cimmerian 03/22/19 04:02:11 PM
#43478  Sticky Note $1,000,000 in escrow per last 10Q https://i.postimg.cc/6p8xRcqj/Scr Rvn4nt 02/05/19 02:33:33 PM
#31310  Sticky Note Here we go, again. Huggy Bear 02/15/16 05:58:33 PM
#46900   I see that. Was it a buy N.A.T. 10/14/19 08:26:45 PM
#46899   Huge volume today! oilin07 10/14/19 05:43:04 PM
#46898   agree oilin07 10/02/19 08:29:59 PM
#46897   What is sad is that more people don't ajackson1204 10/02/19 07:10:31 PM
#46896   The ole' "Buy The Dip" strategy! MastaBeta 10/02/19 07:07:52 PM
#46895   "The lure of easy money has a very Huggy Bear 10/02/19 06:09:42 PM
#46894   The CFGX warnings have been plentiful here. waterchaser 10/02/19 05:55:16 PM
#46893   sad oilin07 10/02/19 05:50:57 PM
#46892   Don't get me wrong, I have nothing against ajackson1204 10/02/19 01:33:52 PM
#46891   Norat should have been prosecuted years ago along Huggy Bear 10/02/19 12:01:28 PM
#46890   That is your opinion, I can understand your N.A.T. 10/02/19 10:32:57 AM
#46889   Been saying this for years. My goal is ajackson1204 10/02/19 10:26:18 AM
#46888   No bid pos norat is a little punk nicoausto 10/02/19 10:25:10 AM
#46887   I'll try to explain this in a way ajackson1204 10/02/19 10:24:18 AM
#46886   I totally understand the silence on this board. N.A.T. 10/01/19 01:42:15 PM
#46885   https://youtu.be/xbE8E1ez97M Mostly Dead MastaBeta 09/30/19 08:48:02 AM
#46884   Hmmmm,Completely dead. Can I be half dead or a ezyE 09/30/19 02:12:32 AM
#46883   Wow, this is completely dead! Norat really killed inthesky 09/29/19 03:09:20 PM
#46882   I wouldn't contact him via email if you ajackson1204 09/21/19 07:20:37 PM
#46881   same place u think oilin07 09/21/19 04:44:55 PM
#46880   Last I saw it was still on the waterchaser 09/21/19 01:28:09 PM
#46879   Where do you think that million dollars went? Huggy Bear 09/21/19 12:49:59 PM
#46878   smh oilin07 09/21/19 12:16:19 PM
#46877   Is that a serious question? Huggy Bear 09/21/19 10:33:56 AM
#46876   and do u know what it was used for oilin07 09/21/19 07:52:22 AM
#46875   Contact Paul via Twitter or email and request Cimmerian 09/21/19 02:57:29 AM
#46874   Website down. Deals in place with no information ajackson1204 09/20/19 12:48:19 PM
#46873   This personal ATM has worked out well so Huggy Bear 09/20/19 09:34:21 AM
#46872   Hopefully Norat knows what goes around comes around oilin07 09/19/19 10:00:57 PM
#46870   we have been scammed by paul norat oilin07 09/19/19 09:23:36 PM
#46869   Nor at borrowed $1,000,000 at a 36% interest rate. waterchaser 09/19/19 12:30:28 PM
#46868   Still waiting for real news to begin that N.A.T. 09/19/19 11:34:50 AM
#46867   If thats the case you would see a oilin07 09/18/19 05:15:56 PM
#46866   While I do agree with you, Mr. Norat N.A.T. 09/18/19 04:52:20 PM
#46865   Good business requires time, better go safe and Rvn4nt 09/18/19 04:29:05 PM
#46864   Just waiting for this fool to announce rs nicoausto 09/17/19 10:39:45 PM
#46863   I hate norat i hope he reads this nicoausto 09/17/19 04:19:37 PM
#46862   As many know I've been warning of this ajackson1204 09/17/19 08:00:50 AM
#46861   Definitely a sit and wait thing lol, I LoneJagFan 09/16/19 10:16:53 AM
#46860   Congratulations, I hope you make a bundle N.A.T. 09/16/19 10:12:08 AM
#46859   Just saw I caught some 1's on Friday! LoneJagFan 09/16/19 09:38:01 AM
#46858   Seems I’ve been saying something similar for years. waterchaser 09/15/19 09:37:11 AM
#46857   Paul Norat proved he has no intention of oilin07 09/15/19 09:30:34 AM
#46856   yes oilin07 09/13/19 05:10:49 PM
#46854   It’s important to warn potential buyers of the waterchaser 09/13/19 12:17:14 PM
#46853   Lol, why? ezyE 09/13/19 11:19:03 AM
#46852   Seems I’ve been saying something similar for many years. waterchaser 09/12/19 09:37:22 PM
#46851   No reason to touch this with a 10 oilin07 09/12/19 09:27:49 PM
#46850   No reason to buy more than I currently N.A.T. 09/11/19 12:50:58 PM
#46849   Pink current up Rvn4nt 09/11/19 11:37:36 AM
PostSubject