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First Guardian Financial Corporation to Be Arranger/Lender of a $100,000,000 Acquisition & Redevelopment Financing Package for a Major Retail/Commercial/Office Development Project

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NEW YORK, Oct 04, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (PINK: FGFC) today announced that it has agreed to be the exclusive arranger/lender or syndicate the funding for a $100,000,000 previously announced development project.
First Guardian Financial Corporation besides arranging the funding it may also participate in the ownership of the development with the percentage to be determined/negotiated.
The company expects to receive revenue from this deal in the form of fee (percentage of the loan amount) income and loan serving fees.
The company, due to certain non-disclosure agreements and the need to keep the confidentiality of the negotiations, will announce the other particulars upon the completion of all legal issues being completed. The company has released this information to the public as to the impact it may have on the company's operations going forward.
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invest/Joint Ventures 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: [phone] [e-mail] www.guardianfinancialcorp.com Copyright Business Wire 2006