Strategy is evident in bolded copy below. Great Target customer. Underserved and fragmented across many providers. This is a long over-due great opportunity finally getting respect!
FGFC -- First Guardian Financial Corp.
Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
bellwetherreport.com: The Bellwether Report Issues a Mid-day Alert for First Guardian Financial Corporation
Jun 15, 2006 (M2 PRESSWIRE via COMTEX) -- First Guardian Financial Corporation (OTCPK:FGFC), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscriber's cutting edge research tools, and second to none customer service.
First Guardian Financial Corporation one of the first companies to interface with online games and player tracking systems found on traditional floor slot machines, announced earlier this week that during a specially called Board of Directors meeting that it has adopted a resolution on Monday, June 12, 2006, to further reduce the Company's outstanding shares of common stock by another 20 million shares.
The reduction will be above and beyond the previously announced projected buyback plan of 25 million common shares as previously announced the plan calls for the company to pay up to 0.06 cents per share as the company believes in its future very strongly and at that level (the company believes) it is at least 40% below value (pre forward split levels). "This resolution reflects the commitment of First Guardian Financial Corporations management and Board of Directors to restore and build value for our current and future shareholders," commented Abraham Rosenman, President.
"The company would like to reduce the common shares outstanding to no more than 15 to 20 million shares; in conjunction with its reduction plan, the company is also working diligently on obtaining audited financial statements for its desired move to the OTCBB," said Abraham Rosenman, President FGFC.
At a recent meeting the board directed executive management to review its ,b>opportunities with Alliance Financial Services (they are under retainer to the company) to provide acquisition and/or merger funding via self liquidating zero coupon bonds, the process is very appealing as the bonds (AAA Rated) are purchased through brokers such as Merrill Lynch, Credit Suisse or other major brokerage houses and financed by The Bank of Israel or other major banking institutions and will provide another valuable source of financing for further growth, without diluting the company's shares.
"The Board of Directors has directed me to reduce the outstanding/float shares as much as I can to a pre forward split price of at least 0.90 to 1.00 per share, given this task I will continue to seek opportunities to reduce the outstanding/float shares as much as possible, while creating/increased revenues and value for the company," said Abraham Rosenman.
A couple of weeks ago the company began the process of exploring and developing a merchant credit card processing service.
The company's executive management in its attempt to provide complete financial services/products to small and mid sized businesses across America has elected to pursue merchant credit card processing services as part of its portfolio of products. The company intends to establish/develop this venture either as a joint venture or as an intermediary with an established processor or explore developing its own from the ground up, whatever course the company decides it believes that it is essential to enter into this multi billion dollar sector.
Some of the anticipated processing services/products the company will offer include: ATM/Debit Card Processing, Gift Cards, Electronic Check Processing, Check Guarantee, POS Equipment and Secure Online Payment Processing.
"The company continues to pursue products and services that are essential for the small and midsized business community as part of its overall goal of becoming a one stop destination for all thing business, with the company's development underway of its Buysellmerge.com Unit it is essential that the company offers as many products as possible that will be available on the portal in house thus creating and controlling the revenue streams of said products opposed to out sourcing them for only a fraction of the fees/revenues that will be generated, the company also intends on generating revenue via advertising on its Buysellmerge.com portal."
Said Abraham Rosenman President FGFC "We foresee a network of offices in major cities across the country staffed with local knowledgeable professionals generating business from their communities augmented buy leads from the company's soon to be launched Buysellmerge.com business portal." Mr. Rosenman also stated.
The BWR Research Team will continue to follow the developments pertaining to this company and numerous others. Investor's sentiment has changed dramatically over the last couple of days as investors begin to drive this company down as they are currently trading at $0.019, down over 15% from its previous close. After taking a significant dive back in the middle of 2005, this company's shares looked like they are finally headed in the right direction as the company traded above $0.03 for the first time in months. This company has a lot of potential as the continue but has since then had problems retaining its high value.
Rascal@$$$Closer.com
|
