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Capital Financial Holdings, Inc. Appoints Elizabeth Redding CFO

Contact: John Carlson 701/837-9600

MINOT, NORTH DAKOTA - (March 29, 2012) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, announced that Effective March 26, 2012, the Board of the Company appointed Ms. Elizabeth Redding to fill the position of Chief Financial Officer and Treasurer.

Ms. Redding  served as the general manager of Spicy Pie a restaurant, located in  Fargo, ND from 2009 to 2010. From 2010 to 2011 Ms Redding served as an administrative assistant at Capital Financial Services, Inc., a broker dealer located in Minot, ND. From 2010 to 2011 Ms. Redding served as  a commission/accounting specialist,  for Capital Financial Services, Inc; a subsidiary of the Company.  From 2011 to 2012 Ms. Redding served as a  loan officer for  Northern Tier Federal Credit Union, located in Velva, ND. From 2012 to the present Ms. Redding serves as Treasurer of the Velva Association of Commerce,  a local organization located in Velva, ND. In 2010  Ms  Redding received a  B.S. Degree in Business Management from  Minot State University, Minot, ND.




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