MINOT, N.D., Nov. 25, 2009 (GLOBE NEWSWIRE) -- Capital Financial Holdings, Inc. (OTCBB:CPFH), a financial services company, today reported revenues for the third quarter of 2009 of $4,588,517, a 32% decrease from revenues of $6,737,045 for the third quarter of 2008. Revenues for the nine months ended September 30, 2009 were $13,318,159, a 42% decrease from revenues of $22,954,493 for the nine months ended September 30, 2008.
The Company reported a net loss of $192,496, or ($0.01) per diluted share, for the third quarter of 2009, compared to net income of $129,150, or $0.01 per diluted share, for the third quarter of 2008. A net loss for the nine months ended September 30, 2009 was $131,138 or ($0.01) per diluted share, compared to net income of $749,958, or $0.04 per diluted share, for the nine months ended September 30, 2008.
The decrease in earnings and revenues resulted primarily from decreased commission and fee 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.