Contact: John Carlson 701/837-9600

MINOT, NORTH DAKOTA – (August 22, 2016) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, reports revenues for the second quarter of 2016 of $4,390,705, a 13% decrease over revenues of $5,035,075 for the second quarter of 2015.

The Company reported net loss of $36,343, or $(29) per diluted share, for the second quarter of 2016, compared to a net loss of $56,301, or $(45) per diluted share, for the second quarter of 2015.

The decrease in revenues resulted primarily from a decrease in income related to commission based products 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.