FGFC - First Guardian Financial Corporation & The Cosmos Group to Memorialize Previously Announced Cooperative
NEW YORK, Apr 04, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets:FGFC) announced today that the Board of Directors recently approved agreement with The Cosmos Group to participate or joint venture in all potential investment opportunities will now proceed to memorialize said agreement with the formation of an entity (yet to be named) of which will be majority owned by First Guardian Financial Corporation.
The Cosmos Group, a private Wall Street investment firm, who had also agreed to share potential investment opportunities with First Guardian Financial Corporation for participation or joint venture possibilities has also agreed to the formation of the new entity and will hold a minority stake in the new entity.
The companies will combine resources and prospects within investment related industries for its portfolio such as commercial real estate finance, commercial equipment leasing, non performing asset acquisitions, receivables factoring and other investment related opportunities.
"We are pleased that we were able to reach an agreement of this magnitude to form this entity under the terms and conditions as mentioned and look forward to a successful and profitable relationship between the two companies as we build a quality portfolio of investments," said Abraham Rosenman President, First Guardian Financial Corporation.
About First Guardian Financial Corporation:
The company is an Investment Company & 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, and invest or participate/joint venture in start up or existing projects 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
. |
