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Capital Financial Holdings, Inc. Announces First Quarter 2012 Earnings

Contact:  John Carlson 701/837-9600

MINOT, NORTH DAKOTA - (June 18, 2012) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, reports revenues for the first quarter of 2012 of $4,160,778, a 20% decrease over revenues of $5,170,089 for the first quarter of 2011. 

The Company reported net loss of $397,794, or ($0.03) per diluted share, for the first quarter of 2012, compared to a net income of $74,269, or $0.00 per diluted share, for the first quarter of 2011. 

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

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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