|By PR Newswire||
|December 19, 2013 06:00 AM EST||
SALT LAKE CITY, Dec. 19, 2013 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that Aldis Barsketis has been appointed to the company's Advisory Panel.
"Having Aldis as a resource to help guide us through our upcoming life settlement activities will be extremely beneficial to our success," said Mr. Paul Edward Norat, CEO of Capital Financial Global, Inc. "Aldis has seasoned experience doing the exact kind of transactions that we will be doing in the near future, and has the connections to augment our distribution network. I'm delighted he has agreed to join our cause."
Aldis Barsketis has worked in the Insurance and Investment area for over 23 years. He started his career with Fidelity Investments as a retirement specialist, then as a Regional Vice President for Transamerica overseeing the sales and implementation of small to mid-sized company qualified plans in the Rocky Mountain Region. In 2004, he was a founding partner in a national insurance brokerage and managed the origination and implementation of over $250 million of premium financed life insurance and the purchase and sale of senior life settlements. Recently he has worked as a consultant for various organizations in the design and implementation of various insurance and investment products. Mr. Barsketis has a bachelor's degree in marketing and a minor in finance from DePaul University.
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.
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.
For more information please contact:
Facebook: "Capital Financial Global, Inc. Ticker: CFGX"
SOURCE Capital Financial Global, Inc.