JNS Holding Corp (JNSH)

[joeson]

NEWS - First Guardian Financial Corporation Enters Negotiations to Acquire Another 50 Million Share Block of the Company's Outstanding Restricted Shares thus Further Reducing the Company's Authorized Shares
Business Wire - July 06, 2006 10:32

NEW YORK, Jul 06, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets:FGFC) today announced that it has entered negotiations to acquire another block of 50 million outstanding restricted shares.

The Company keeping with its stated commitment to reduce its share structure is very optimistic that a deal to acquire this block of restricted common shares can be achieved, If the company is successful in its efforts the result will be another reduction in outstanding shares to a total of 102 million authorized shares.

"The company continues to position itself for listing on the OTCBB this potential additional reduction in the company's authorized shares coupled with the company's previously announced buyback plan would be huge," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated "We expect to get it done within the next couple of days."