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Non-Tech : NCFC - New Capital Funding Corporation

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From: jmhollen	3/2/2006 10:21:12 AM
	of 80

First Guardian Financial Corporation Board Approves Reduction of its Authorized Common Stock NEW YORK, Mar 02, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (FGFC:PK) yesterday the Board of Directors after the bell approved a reduction of its Authorized Common Stock from 520,000,000 to 150,000,000 of which 100,000,000 common shares are restricted and in managements control. The company believes this action in conjunction with the previously announced 10 for 1 forward split to be paid to shareholders of record on March 15, 2006 with a pay date of March 31, 2006 will create substantial value for our shareholders and increased visibility within the investment community. "We aggressively intend to maintain and enhance shareholder value on a consistent basis; we are currently in the process of interviewing candidates to head up our recently acquired Buysellmerge.com portal and to begin development immediately thereafter. We are continuing an aggressive campaign directed towards our targeted market for our products & services. The company currently has other several potentially lucrative opportunities under review and we intend to execute several of them in the very near term," said Mr. Rosenman President Mr. Rosenman also stated "I am very excited about the company's prospects and business plan going forward and reiterate my enthusiasm of joining an organization with the tremendous opportunities of First Guardian Financial Corporation and look forward to a very prosperous and rewarding experience" About First Guardian Financial Corporation: The company is an Investment Banking & Commercial Real Estate Finance Company serving the small to mid sized market. Its primary goal is to provide products and services within the commercial real estate finance, mergers & acquisition and investment banking sector throughout the United States. SOURCE: First Guardian Financial Corporation CONTACT: First Guardian Financial Corporation Investor Relations, 212-572-4823 Fax: 212-572-6499 ir@guardianfinancialcorp.com www.guardianfinancialcorp.com .

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