FGFC -- First Guardian Financial Corporation Retains Alliance Financial Services as Acquisition Agent
NEW YORK, Apr 18, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that it has retained Alliance Financial Services, of Chicago to act as non exclusive acquisition agent for certain prospects.
The company expects that with the assistance/services of Alliance Financial that it will be able to accelerate its growth significantly and be considered for acquisitions that would not ordinarily be available to the company.
The company has already identified and expressed extreme interest in several companies within the financial industry available for acquisition from Alliance Financial and will be pursuing them immediately, the revenue range of these companies is between $18,000,000 and 38,000,000 dollars per year, with a net verifiable profit of 10% to 15% per annum.
"The company in keeping with its aggressive growth plan going forward is extremely pleased with being able to retain and bring on board the services of an experienced proven firm such as Alliance Financial Services, and look forward to a very profitable relationship; they bring so much knowledge and experience to the team." Said Abraham Rosenman President First Guardian Financial Corporation "Furthermore not only do they bring the creditability to our company as a major acquirer of businesses they also bring and provide some of the most favorable and big name company's funding options available that almost always guarantees a profit to the company." Said Abraham Rosenman
About Alliance Financial Services:
Alliance Financial Services are not business brokers; we are accountants who have been in business for over 30 years. We represent buyers who are interested in acquiring companies that are presented to them by Alliance or targeted by the acquiring company with minimum sales of $15,000,000. (15 million dollars) or more, we will do the financial work up on all the financial statements and determine the value of the company and its cash flow, if all parties agree we will then recommend an acquisition price and arrange special financing utilizing a combination of self liquidating zero coupon bonds funded by major banks with the bonds being purchased from major brokerage houses.
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage 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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