Capital Financial Global Acquires Loan Servicing Platform
Poster: SySAdmin
Posted on November 15, 2011 at 10:56:02 AM
Capital Financial Global Acquires Loan Servicing Platform
SALT LAKE CITY, Nov. 15, 2011 /PRNewswire/ -- Capital Financial Global, Inc. (OTC:CFGX), announced today that it has acquired a new loan servicing platform.
"This is an extremely important strategic development and will facilitate the growth and development of our core business segments," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "This will enable us to create more interest rate spread revenues and help us hold and aggregate pools of loans, which will give us better execution and pricing on the secondary loan sales markets."
The platform consists of various hardware and software components, along with key pieces that integrate with the ACH (automated clearing house) network, allowing the Company to move borrower payments and note-holder disbursements automatically.
The Company plans to integrate the platform internally immediately and launch it within the next several weeks.
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.
Contact:
Capital Financial Global, Inc.
http://www.capfiglobal.com
Email: ir@capfiglobal.com
Tel: 801-747-2000
SOURCE Capital Financial Global, Inc.
Capital Financial Global, Inc.
Web Site: http://www.capfiglobal.com
SALT LAKE CITY, Nov. 15, 2011 /PRNewswire/ -- Capital Financial Global, Inc. (OTC:CFGX), announced today that it has acquired a new loan servicing platform.
"This is an extremely important strategic development and will facilitate the growth and development of our core business segments," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "This will enable us to create more interest rate spread revenues and help us hold and aggregate pools of loans, which will give us better execution and pricing on the secondary loan sales markets."
The platform consists of various hardware and software components, along with key pieces that integrate with the ACH (automated clearing house) network, allowing the Company to move borrower payments and note-holder disbursements automatically.
The Company plans to integrate the platform internally immediately and launch it within the next several weeks.
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.
Contact:
Capital Financial Global, Inc.
http://www.capfiglobal.com
Email: ir@capfiglobal.com
Tel: 801-747-2000
SOURCE Capital Financial Global, Inc.
Capital Financial Global, Inc.
Web Site: http://www.capfiglobal.com