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Non-Tech : Under $0.05 stocks

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From: jmhollen9/6/2006 9:26:12 AM
   of 696
 
FGFC -- First Guardian Financial Corporation President & CEO Will Buy on the Open Market Shares for His Personal Portfolio

NEW YORK, Sep 06, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporations (Pink Sheets:FGFC) President & CEO Abraham Rosenman announced today that he will purchase up to 15 Million Common Shares on the open market for his personal portfolio.

Mr. Rosenman's purchase of shares on the open market is above and beyond the company's previously announced and on going share buyback program.

"I am completely confident in the progress and direction of the company and as I have previously stated it is our objective to have the least amount of shares in the float/market as possible as we strive towards our stated goal of becoming a fully reporting company. I believe if your company is fairly valued or undervalued, why not buy your own stock as it shows confidence and commitment in the future of the company." Said Mr. Rosenman President & CEO

SOURCE: First Guardian Financial Corporation
CONTACT: First Guardian Financial Corporation Investor Relations, 212-572-4823 Fax: 212-572-6499 Investor.relations@guardianfinancialcorp.com www.guardianfinancialcorp.com

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