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Capital Financial Holdings, Inc. Announces Fourth Quarter and Year-End 2016 Results

Contact:  John Carlson, 701/837-9600

MINOT, NORTH DAKOTA - (March 30, 2017) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, reports revenues for continuing operations for the fourth quarter of 2016 of $4,279,878, a decrease from revenues for continuing operations of 4,905,379 for the fourth quarter of 2015.  Revenues for the year ended December 31, 2016 were $17,558,489, compared to revenues of $19,274,165 for the year ended December 31, 2015.

The Company reported for continuing operations a net loss of $217,628 for the fourth quarter of 2016, compared to a net income of $66,573 for the fourth quarter of 2015.  The net income (loss) for continuing operations for the year ended December 31, 2016 was $(259,898), or $(209) per diluted share, compared to $32,310, $12 per diluted share, for the year ended December 31, 2015.

The decrease in revenues for the fourth quarter and year ended resulted from a decrease in the commission income received by the Company’s broker-dealer division. 

Statements in this press release regarding the Company’s business which are not historical facts are “forward-looking statements” that involve a number of risks and uncertainties.  The Company cautions that various factors, including the factors described under the caption forward-looking statements in the Company’s annual report on Form 10-K, could cause actual results to differ materially from the statements contained herein.  These factors include the following:  business conditions and growth in the financial services industry, regulatory changes; general economic conditions; competitive factors including compressed net profit margins; changes in product mix; labor strikes; fluctuations in foreign currency exchange rates; income tax legislation; and the risk factors listed from time to time in the Company’s reports filed with the Securities and Exchange Commission.  The Company undertakes no obligation to update any forward-looking statement.

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.  More information is available at http://capitalfinancialholdings.com or by calling (877) 814-6379.


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