FGFC starting to get some broader attention.
Tuesday , May 16, 2006 03:29 ET
NEW JERSEY, May 16, 2006 (M2 PRESSWIRE via COMTEX) -- PQL Research, a smallcap, microcap, and nanocap stock research group, today announced that it is beginning coverage of First Guardian Financial Corporation (OTC:FGFC.PK).
First Guardian Corporation is a financial holding company currently providing commercial real estate financing & investments for its own portfolio in small and mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate finance 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.
According to the First Guardian website, guardianfinancialcorp.com, the company currently has 157,082,048 shares outstanding as of May 1st, and claims a public float of 18,560,116. At Monday's close, First Guardian commands approximately a $1.3M market cap. The stock closed at $.0084, up 5%, on volume of almost 6.6M shares - nearly $60,000 changing hands.
PQL Research Editor Tim Fostik commented, "First Guardian is very interesting to me as the company has historically provided a lot of positive press with the stock price falling drastically over the last two months or so. Additionally, the company has stated in a recent press release that they have filed to reduce their authorized common shares by over 50%, a move which should add significant value and security to shareholders. If management can deliver on some of their stated acquisition initiatives, First Guardian may be a bargain at these prices."
For continued coverage of First Guardian Financial Corp, and for more great smallcap, microcap, and nanocap stocks, visit pqlresearch.com and subscribe to our free Yahoo! Group. PQL Research, its affiliates, and its members, may hold various positions in First Guardian Financial Corp acquired in the open market at prevailing prices. Mr Fostik specifically owns 35,000 shares of First Guardian Financial Corp at approximately $.008/share. PQL Research and its editors have not been compensated by First Guardian Financial Corp in any fashion for this release or coverage on any PQL Research website or service.
CONTACT: Tim Fostik, PQL Research e-mail: info@pqlresearch.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at presswire.net on the world wide web. Inquiries to info@m2.com.
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