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Capital Financial Holdings, Inc. Names New Board Members

Contact: John Carlson 701/837-9600

MINOT, NORTH DAKOTA - (August 16, 2016) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, announced that On August 11, 2016, at the Annual Meeting of Shareholders of the Company (the “2016 Annual Meeting”), the shareholders re-elected three persons nominated by the Board of Directors to serve as Directors for the ensuing year and until the next annual meeting of shareholders or until their successors are elected and qualified.  The three nominees elected as Directors at the 2016 Annual Meeting were Gordon Dihle, Elizabeth Colby and John R. Carlson.  Biographical information as to the above named persons were included in the Definitive Schedule 14A filed by the Registrant on June 29, 2016.


            On August 11, 2016, John R. Carlson, currently Chief Executive Officer and President of the Company, was re-elected by the vote of the board of directors as Chief Executive Officer and President.  On August 11, 2016, Elizabeth A. Colby, currently Chief Financial Officer and Secretary of the Company, was re-elected by the vote of the board of directors as Chief Financial Officer and Secretary.


None of the directors elected at the 2016 Annual Meeting have any family relationship with any other director or to any executive officer of the Company, and there are no transactions in which any director or executive officer has an interest requiring disclosure under Item 404(a) of Regulation S-K.


In other events, at the 2016 Annual Meeting, the shareholders of the Company also ratified the appointment of Hein & Associates, LLP, the Company’s present independent auditors, to serve as the Company’s independent auditors for the fiscal year ending December 31, 2016. Capital Financial Holdings, Inc. is publicly traded over the OTC Bulletin Board under the symbol CPFH.OB. The Company continues to operate as a Broker-Dealer with its wholly owned subsidiary Capital Financial Services, Inc.; a full-service brokerage firm that specializes in providing investment products and services to independent investment advisors and financial planners throughout the United States.

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