NEWS!!
First Guardian Financial Corporation Corrects Company Status and Has Officially Completed the Filings Amending the Company's Authorized Shares to 152 Million with the Secretary of State in Delaware
Business Wire - July 13, 2006 09:04
NEW YORK, Jul 13, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets:FGFC) today announced that it has completed the amendment of its authorized shares to 152 million and has corrected the company's status with The Secretary of State in Delaware.
The company will also be forwarding a copy of said amendments to its Transfer Agent so that they may adjust/update their records accordingly, (this update may take a day or so depending on their process).
The company has also opened up a new website for its wholly owned subsidiary Windsor Capital, LLC (www.windsorcapltd.com), this site is very preliminary and we will continue to add and upgrade it, as time permits and the same with the company's corporate website (www.guardianfinancialcorp.com).
"We are extremely pleased that since new management came on board, that within a short period of time, within a couple of months, we have been able to reduce the company's share structure from 520 million authorized down to 152 million," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated, "We expect to close on the previously announced purchase of 50 million additional restricted shares by next week, further reducing the share structure and after that we anticipate even further reduction of the share structure via our buyback program."
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests and provides financing for its own portfolio in small to mid sized businesses nationally. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: First Guardian Financial Corporation
First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
Investor.relations@guardianfinancialcorp.com
www.guardianfinancialcorp.com
