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Non-Tech : NCFC - New Capital Funding Corporation

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From: jmhollen	6/21/2006 12:37:15 PM
	of 80

First Guardian Financial Corporation to Participate/Joint Venture in Proposed Hotel & Casino Project NEW YORK, Jun 21, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that they have entered into an agreement to participate/joint venture in a 50 acre parcel for development of a hotel/casino project. The company (FGFC) has agreed to a joint venture that will acquire a 50 acre parcel located in Woodstock, Ontario, Canada. First Guardian Financial Corporation will be the majority partner (controlling 51% or better of the joint venture). First Guardian Financial Corporation will invest up to $3,000,000.00 (Canadian) for the venture (land acquisition only) and we will rely on the issuance of bonds or traditional financing for the development (construction) of the property. "This is a fantastic opportunity/deal for our company and we are extremely excited about this particular venture, we are very pleased that this deal was brought to us as it speaks for the creditability and belief in our young company. I would like to thank our executives who traveled to Canada this weekend to bring this deal together." 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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