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Non-Tech : Under $0.05 stocks

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From: jmhollen	6/20/2006 2:16:01 PM
	of 696

FGFC -- First Guardian Financial Corporation Details Share Buyback Plan NEW YORK, Jun 20, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) announces its share buyback plan. The Board of Directors has approved management's buyback plan and budget; the company will buyback up to 50 million shares at a maximum price of 0.06 per share for a budgeted commitment of up to $3,000,000.00 Dollars. The funding for said buyback will come from a combination of revenues and debt (credit Lines), the company will attempt to buyback 15 - 20 Million shares per month until the goal of 50 Million shares is reached. "The company apologizes for any confusion regarding the typographical error that occurred in its last release regarding the dollar amount of its buyback plan, the company is fully committed to the complete and accurate issuance of information and will take extra steps in the future regarding the proofing of future information releases," stated Abraham Rosenman President of 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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