MINOT, N.D., May 11, 2010 (GLOBE NEWSWIRE) -- Capital Financial Holdings, Inc. (OTCBB:CPFH), a financial services company, today reported revenues for the first quarter of 2010 of $4,535,563, a 4% increase from revenues of $4,351,673 for the first quarter of 2009.
The Company reported a net loss of $100,311, or ($0.01) per diluted share, for the first quarter of 2010, compared to a net loss of $147,141, or ($0.01) per diluted share, for the first quarter of 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.