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Non-Tech : Under $0.05 stocks

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From: jmhollen	5/2/2006 11:22:29 AM
	of 696

FGFC -- First Guardian Financial Corporation Enters Negotiations to Acquire the Balance of Windsor Capital Ltd. NEW YORK, May 02, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets:FGFC) today announced that it has entered negotiations to acquire the remaining interest that it does not own of New York based Windsor Capital. The company recently acquired a majority interest in Windsor Capital and will now seek to acquire the remaining outstanding minority interest; negotiations are underway with an agreement to be reached within the next two weeks thus making Windsor Capital a 100% wholly owned subsidiary of First Guardian Financial Corporation. Windsor Capital Ltd. is a consulting and investment firm specializing in the areas of information technologies serving the Banking, Investment Banking and Health Care Service Industries. The company's increased investment in Windsor Capital Ltd, will give 100% of all revenue/cash flow to First Guardian with all the other benefits of 100% ownership. "We are very excited and pleased to have this opportunity to acquire the outstanding balance of Windsor Capital and look forward to a fast completion of the acquisition. We also expect with the added interest (giving the company 100% control) that it will accelerate the company's growth plan even further," said Abraham Rosenman President First Guardian Financial Corporation. 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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