MINOT, N.D., March 23, 2010 (GLOBE NEWSWIRE) -- Capital Financial Holdings, Inc. (OTCBB:CPFH), financial services company, today reported revenues for the fourth quarter of 2009 of $4,584,615, a 16% decrease from revenues of $5,441,843 for the fourth quarter of 2008. Revenues for the year ended December 31, 2009 were $17,902,774, a 37% decrease from revenues of $28,396,337 for the year ended December 31, 2008.
The Company reported a net loss of $62,560, or $0.01 per diluted share, for the fourth quarter of 2009, compared to a net loss of $4,259,654, or $0.30 per diluted share, for the fourth quarter of 2008. The net loss for the year ended December 31, 2009 was $193,698, or $0.02 per diluted share, compared to a net loss of $3,509,697, or $0.25 per diluted share, for the year ended December 31, 2008.
The decreases in revenues resulted 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.