CFGX NEWS ~ Capital Financial Global Releases Updated Insurance Lending Pipeline Figures, $16.4MM
Today : Wednesday 20 June 2012
Capital Financial Global Releases Updated Insurance Lending Pipeline Figures, $16.4MM
PR Newswire
SALT LAKE CITY, June 19, 2012
SALT LAKE CITY, June 19, 2012 /PRNewswire/ -- Capital Financial Global, Inc. (OTC: CFGX), released updated figures today for its Insurance Lending unit. As of today, there is $16.4MM dollars of loans in process which corresponds to approximately $328,000 in estimated revenue for the Company.
"Our insurance lending pipeline is extremely important to our Company for several reasons," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "First of all, we don't know of anyone out there that is successfully structuring large loans on portfolios of insurance related assets. The fact that we are pulling it off illustrates how valuable our proprietary structuring techniques are. What we are doing is rare, valuable, and hard to imitate. We believe it will give us a real competitive advantage over any would-be competitors that may arise. As we close the loans in our pipeline, our techniques will be validated, giving us a "blue ocean" of uncontested market space in the insurance portfolio lending arena, which is simply huge!"
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC: 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.
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 RelationsTel: 888-801-9715Email: ir@capfiglobal.comwww.capfiglobal.com
SOURCE Capital Financial Global, Inc.
