Capital Financial Holdings, Inc. Announces Second Quarter 2016 Earnings
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.
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