Capital Financial Holdings, Inc. Announces Third Quarter 2010 Earnings

/ Source: GlobeNewswire

MINOT, N.D., Nov. 22, 2010 (GLOBE NEWSWIRE) -- Capital Financial Holdings, Inc. (OTCBB:CPFH), 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.

CONTACT: Capital Financial Holdings, Inc. Jacqueline Case 701/837-9600