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Non-Tech : NCFC - New Capital Funding Corporation

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From: midway moron	5/18/2006 10:41:58 AM
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First Guardian Financial Corporation to Establish Leasing Division May 18, 2006 9:07:00 AM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--May 18, 2006-- First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that the board of directors has approved the establishment of a wholly owned leasing division. The company's executive management had requested board approval to establish a leasing division as the company receives requests for equipment leasing and for other items required by businesses; management views this as another opportunity to cross market to clients along with its other services while adding an additional revenue stream. The company has yet to determine the name for the leasing company, several brand able names are under consideration and a decision will be made within the next two weeks. A search for the executive to head up the division is underway at this time and the company expects to have the position filled within the next thirty days. The company will announce the progress as it becomes available. About First Guardian Financial Corporation: The company provides Commercial Real Estate Financing & Invests/Lends 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 in businesses either start up or growth wise throughout the United States. This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Source: First Guardian Financial Corporation ---------------------------------------------- First Guardian Financial Corporation Investor Relations 212-572-4823 Fax: 212-572-6499 ir@guardianfinancialcorp.com www.guardianfinancialcorp.com

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