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NCFC (was FGFC) - NEW CAPITAL FUNDING CORPORATION Announces Its Direction for Its Wholly Owned Brand BuySellMerge.com




NEW YORK, NY -- (MARKET WIRE) -- 05/08/07 -- NEW CAPITAL FUNDING CORPORATION (PINKSHEETS: NCFC) announced today that it will re-launch its wholly owned Brand BuySellMerge.com as a very viable eCommerce Website generating revenues as previously stated by previous management.

NEW CAPITAL Funding Corp. current and previous management have indicated they ran into numerous challenges in getting the BuySellMerge.com Portal off the ground and is looking into this Brand with a different launch strategy. The company still intends to launch and generate revenues and Deals from this Brand. NCFC is currently negotiating the Acquisition of and Investment in an existing Portal that has a proven track record with current revenue. The Portal has the potential to grow its revenues tenfold within the first year of its acquisition utilizing proven Internet Marketing Strategies. NCFC has made its offer for the Portal on May 3, 2007 and is awaiting the final contract from the Seller.

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.
Contact:
NEW CAPITAL Funding Corp.
Investor Relations
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