SALT LAKE CITY, Jan. 3, 2012 /PRNewswire/ -- Capital Financial
Global, Inc. (OTC:CFGX), announced today that it has signed a
letter of intent with Gambit Trade Worldwide, a mobile precious
metals retrieval and processing company, to mine its distressed St.
Louis Mine.
"We are delighted to be in negotiations with Gambit to work our
distressed St. Louis Mine," said Mr. Paul
Norat, CEO of Capital Financial Global, Inc. "Gambit
has agreed in concept to finance its part of the operation for a
split of the end proceeds, which puts us at much lower risk. Based
on mining efforts in the surrounding area, Gambit feels it can pull
and process enough ore with sufficient precious metals yield to
make this the deal of the century for both of our companies."
"Furthermore, this goes to show that our business model of
acquiring distressed loan related assets works," said Mr. Norat.
"If borrowers can successfully complete the loan work-out process
we will make money; If they can't, we will still make money by
converting the related collateral to cash."
The St. Louis mine is comprised
of 85.5 acres near Searchlight,
Nevada, containing 5 patented lode mining claims. For
more information about the mine, please visit our "Investor Center"
at http://www.capfiglobal.com/investor-center/projects.
For additional information, please contact our Investor
Relations team headed by Mr. Michael
Keller by calling toll free at 888-801-9715 or by emailing
ir@capfiglobal.com.
For further information regarding Gambit Trade Worldwide, please
visit http://gambittrade.com.
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC:CFGX) is a specialty finance
company that, unlike traditional banks, 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 by converting distressed collateral
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 distressed collateral
into cash or trade-able form.
Market Segments
The market segments the Company operates in are: insurance
trusts and pension funds, residential & commercial real estate,
precious metals, and investment grade government securities. The
Company will also aggressively pursue any other opportunities that
fall 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.
For more information please contact:
Capital Financial Global, Inc.
Investor Relations
Mike Keller
Tel: 888-801-9715
Email: ir@capfiglobal.com
www.capfiglobal.com
SOURCE Capital Financial Global, Inc.