SALT LAKE CITY, Aug. 31, 2011 /PRNewswire/ -- Capital Financial
Global, Inc. (OTC:CFGX), announced today that it has acquired a
100% interest in the St. Louis Gold Mine in Clark County, Nevada.
The St. Louis Mine is comprised of Arctic, Atlantic, Pacific,
Baltic, and Antarctic Lode patented gold and silver mining claims
situated on 85.54 acres of property located in Clark Country,
Nevada, approximately four miles
north of Searchlight, Nevada, a
well-known gold mining area.
The move is consistent with the Company's stated long term
strategy to back its lending operation by gold and precious metals
so it can be insulated against another credit crisis, wherein much
of the world's core assets were devalued almost overnight.
"I want to make sure the back-bone of this company consists of
assets that have intrinsic value and that can be freely traded
anywhere in the world without being subject to third-party
appraisals or local housing prices, and precious metals are really
good for that," said Mr. Paul Norat,
CEO of Capital Financial Global, Inc.
Mr. Norat further stated, "Every monetary system in the world is
supposed to be backed by gold, it only makes sense that we aspire
to do the same."
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC:CFGX) is a specialty finance
company that facilitates the movement of credit and illiquid assets
in the secondary debt markets, by originating new loans, buying and
selling existing loans, and by converting assets upon which these
loans are secured into cash or trade-able form. The company
is publicly traded on the OTC Markets trading system under the
symbol CFGX.
Our Business Model
The Company makes money by originating new loans, buying and
selling existing loans, and by converting assets upon which these
loans are secured into cash or trade-able form.
Our Basic Strategy
The Company looks for opportunities for arbitrage by exploiting
price differences in assets and interest rates due to distressed
economic conditions rather than deterioration in the intrinsic
value of the assets themselves.
Market Segments
The market segments the Company operates in are: residential
& commercial real estate, insurance trusts and pension funds,
precious metals, and investment grade government securities. The
Company will also aggressively pursue any other opportunities that
falls within its overall strategy.
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.
Contact:
Capital Financial Global, Inc.
www.capfiglobal.com
Email: ir@capfiglobal.com
Tel: 801-747-2000
SOURCE Capital Financial Global, Inc.