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Capital Financial Holdings, Inc. Announces First Quarter 2016 Earnings

Contact: John Carlson 701/837-9600

 

MINOT, NORTH DAKOTA - (May 12, 2016) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, reports revenues for the first quarter of 2016 of $4,181,780, a decrease from revenues of $4,765,319 for the first quarter of 2015. 

 

The Company reported net loss of $75,297, or ($61) per diluted share, for the first quarter of 2016, compared to a net loss of $10,560, or $(9) per diluted share, for the first quarter of 2015. 

The decrease in revenues resulted from stagnant growth and an increase in salaries, auditing expenses and commission expense during the first quarter in 2014.

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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