FGFC -- First Guardian Financial Corp.
Com ($0.0001)
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bellwetherreport.com: The Bellwether Report takes a closer look into First Guardian Financial Corporation
May 10, 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 a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio to small and mid sized businesses, this morning announced it has reached a definitive agreement to buyout the balance of Windsor Capital Ltd., that it does not own.
The company recently acquired a majority interest in Windsor Capital and will now buyout the remaining minority interest; thus making Windsor Capital a (100%) wholly owned subsidiary of First Guardian Financial Corporation.
FGFC anticipates the buyout will be completed within the next two weeks and FGFC will immediately proceed with a full integration of management and personal, streamlining operations and enhancing cash flow.
"The company intends to control 100% of its investments, we are very pleased that we were able to acquire total control of Windsor Capital Ltd., and look forward to equally rewarding investments in the future. This buyout was a milestone for the company as it represents our commitment of solid growth and shareholder security, we believe the company to be severely undervalued and intend to correct that with our business plan going forward and future investment's.," said Abraham Rosenman President First Guardian Financial Corporation.
Following the announcement, shares of First Guardian Financial Corporation continues to trade in its very volatile pattern as the company consistently bounces up and down between $0.01 and $0.02. Currently trading at $0.01 on fairly high volume I feel that it will be hard press for this micro-cap company to pull out of this stature unless the company is able to land an incredible opportunity. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
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