AAAMHIM SALT LAKE CITY, March 18, 2014 SALT LA
Post# of 63700
SALT LAKE CITY, March 18, 2014
SALT LAKE CITY , March 18, 2014 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has successfully completed the acquisition of $5.1 million dollars of debt in Gold Rush Refiners, LLC, a distressed Georgia based gold and precious metals refinery. The debt was acquired in exchange for $1.7 million dollars' worth of the Company's Series B Preferred Stock.
"Now that we've acquired the debt, our plan is to re-age it and structure a work-out that will allow the refinery to cash flow and get back on its feet," said Mr. Paul Edward Norat , CEO of Capital Financial Global, Inc. "The folks at Gold Rush Refiners have a great business model and a talented team of professionals. As we work with them to structure a realistic re-payment plan, we believe they will be able to bounce back and regain profitability and competitiveness. The end goal, of course, is to receive the long-term incoming cash flow that the restructured loans will provide us, once they become performing."
Disclosures can be found on the Company's online disclosure portal at: http://www.otcmarkets.com/stock/CFGX/filings
More information about Gold Rush Refiners, LLC can be found by visiting their website at: http://www.goldrushrefiners.com/
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (CFGX) is a specialty finance company that offers asset-backed financing and loan advisory services to insurance trusts & pension funds, owners of commercial real estate, owners of residential real estate portfolios, and owners of mining & precious metals assets.
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 we hold, and margins on loans sold 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 by selling distressed assets that we acquire for our own investment or through some type of foreclosure.