updated 4/5/2011 9:17:09 AM ET 2011-04-05T13:17:09

MINOT, N.D., April 5, 2011 (GLOBE NEWSWIRE) -- Capital Financial Holdings, Inc. (OTCBB:CPFH), a financial services company, announced that John Carlson will serve as interim CEO for the company.

Mr. Carlson, age 47, has been employed by the Company since 2002. Since that time, Mr. Carlson has served as the Chief Compliance Officer of the Company's wholly owned subsidiary Capital Financial Services, Inc. and is currently serving as the President of that subsidiary as well.

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.

CONTACT: John Carlson

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