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Capital Financial Holdings, Inc. Announces Third Quarter 2010 Earnings

Contact:  Jacqueline Case 701/837-9600

MINOT, NORTH DAKOTA - (November 22, 2010) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, today reported revenues for the third quarter of 2010 of $4,714,262, a 3% increase from revenues of $4,588,517 for the third quarter of 2009.  Revenues for the nine months ended September 30, 2010 were $14,405,448 an 8% increase from revenues of $13,318,159 for the nine months ended September 30, 2009.

The Company reported a net loss of $154,942, or ($0.01) per diluted share, for the third quarter of 2010, compared to a net loss of $192,496, or ($0.01) per diluted share, for the third quarter of 2009.  A net loss for the nine months ended September 30, 2010 was $215,990 or ($.01) per diluted share, compared to a net loss of $131,138, or ($.02) per diluted share, for the nine months ended September 30, 2009.

The increase in earnings and revenues resulted primarily from increased commission 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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