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Capital Financial Holdings, Inc. Announces Third Quarter 2009 Earnings

Contact:  Bradley P. Wells 701/837-9600

MINOT, NORTH DAKOTA - (November 19, 2009) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, today reported revenues for the third quarter of 2009 of $4,588,517, a 32% decrease from revenues of $6,737,045 for the third quarter of 2008.  Revenues for the nine months ended September 30, 2009 were $13,318,159 a 42% decrease from revenues of $22,954,493 for the nine months ended September 30, 2008.

The Company reported a net loss of $192,496, or ($0.01) per diluted share, for the third quarter of 2009, compared to net income of $129,150, or $0.01 per diluted share, for the third quarter of 2008.  A net loss for the nine months ended September 30, 2009 was $131,138 or ($.01) per diluted share, compared to net income of $749,958, or $.04 per diluted share, for the nine months ended September 30, 2008.

The decrease in earnings and revenues resulted primarily from decreased commission and fee income received by the Company’s broker-dealer division.

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, financial planners, and investment advisors throughout the United States. More information is available at http://capitalfinancialholdings.com or by calling (877) 814-6379.

 




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