SALT LAKE CITY, UT — (March 24, 2017) — Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has signed a Letter of Intent to enter into a possible arrangement involving the potential acquisition of cash flows derived from the death benefit payouts from various portfolios of senior life settlement policies.
“This marks a clear path to our going-forward business model,” said Paul Edward Norat, CEO of Capital Financial Global, Inc. “We expect big things to come as a result of this agreement. We plan to fundamentally change how the life settlement industry accesses the capital markets.”
The completion of the foregoing transactions are subject to the negotiation of complex, multi-party definitive agreements; the satisfactory review by each party of the business and financial condition of other parties; each party’s analysis of the ability of each other party to perform its commercial obligations; the accuracy of representations and warranties and the satisfaction of conditions that will be included in the definitive agreements; compliance with regulatory matters; the approval of certain legal matters; and various other matters not currently identified. Our ability to participate as proposed in these transactions is dependent on our ability to obtain third party credit enhancements to support debt offerings; our ability to obtain the necessary funding that we will be obligated to provide; our ability to recruit and retain experienced financial and insurance executives to become a credible participant and manage our contractual obligations; our ability to prepare updated financial statements, obtain audits, and prepare regulatory filings; the registration of our common stock under the Securities Exchange Act of 1934 and meet ongoing periodic reporting obligations; the development of a viable trading market in our securities; and other factors. Many of the foregoing are outside our control or influence. We cannot assure that the necessary definitive agreements will be negotiated and signed, that we will be able to perform our contractual obligations, or that, if we do, we will derive revenues therefrom.More definitive details will be released as the various components of the Letter of Intent become solidified.
A copy of the Letter of Intent can be review here: http://www.otcmarkets.com/financialReportViewer?symbol=CFGX&id=168161
The Company plans to release an updated plan of operations in the weeks to come. Disclosures can be found on the Company’s website and its online disclosure portal at:
For inquiries to Life Settlement Advisors, LTD., please contact: Kevin Turney, Esq., Director, at [email protected].
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (CFGX) is a specialty finance company that offers asset-backed financing and loan advisory services.
Our Market Positioning & Differentiation
Unlike traditional banking models, CFGX offers organizations needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form.
Our Revenue Model
We seek revenue from loan fees, interest rate spreads on loans and investments we hold, and margins on loans and investments we sell in whole or in part to institutional investors, hedge funds, or other secondary market participants. We also seek revenue by charging loan servicing fees, and fees for other finance related consulting engagements.
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.