First Guardian Financial Corporation Names Mr. Fauzie Mohamed Permanent President & CEO
NEW YORK, NY, Apr 23, 2007 (MARKET WIRE via COMTEX) -- First Guardian Financial Corporation (PINKSHEETS: FGFC) today announced that it has named Mr. Fauzie Mohamed as the permanent President & CEO of the company. Mr. Mohamed has served as the interim President since January of this year.
Mr. Mohamed has also acquired a majority interest in the company; the company will undergo a new name and symbol change to reflect the new direction of the business operations. The name and symbol change will be announced upon its approval by NASDAQ.
The company also stated that there will be no reverse split or change in the capital structure of the company.
The new name for the company will be New Capital Funding Corporation.
Mr. Mohamed stated: "Going forward, we will maintain a sharp focus on meeting all of our stated objectives and will continue to grow the business per its current and new business plan." The Company focuses on NEW Technologies for: NEW eTechnologies, NEW Energy, Clean Environment, Responsible Mining.
The Company builds Funds to create Incubation Capital for these Sectors while developing Client Companies through a Financial Network in the Capital Markets to foster the Growth of Incubated Companies with Capital and Business Development Opportunities. FGFC grows with the Companies it fosters that meets its Capitalization Criteria.
Mr. Fauzie Mohamed established in 1973 a Professional Practice of Management, Business and Information Systems Consulting (MBISC). He started his Practice as an Independent Consultant in this field, after leaving the Software/Consulting firm in London, England where he started as a Software Engineer in 1969. In addition to his Country of Birth, British Guiana, South America (now Guyana, since independence from Britain in 1966), where he left in 1967, Fauzie lived and worked in:
1. New York City, USA 1967-1968, where he got his Initial Education as a
Software Engineer for IBM Mainframe Technologies. (Current Legacy
Systems).
2. London, England 1968-1975. Continued Education/Practical Experience:
1969 +.
3. Toronto, Canada 1975-1985. Independent MBISC/IT Consultant. Major
Clients.
4. New York 1985 to present: Major MBISC/IT Financial Institution
Clients, Wall Street, NYC: CitiBank/CitiGroup, Bankers Trust/Deutsche
Bank, JPMorgan Chase, etc.
Mr. Mohamed also established in 2001 a Professional Practice of Investment Banking Services, including Mergers and Acquisitions (M&A) and Capital Funding Services. He has been very active and focused in this area since establishing this Practice. He is Entrepreneurial with a broad set of diversified skills in addition to his core competencies of MBISC skill sets. He has also established and operated an International Trading Company during the early 1990s and still gets involved with appropriate Deals/Projects.
Mr. Mohamed has compiled an impressive Information Systems/Technology background related to Project Management/Project Leadership, Feasibility, Business Analysis, Requirements Definition, Systems Architecture, Design, Development, Testing and Implementation of large, complex Online/Real Time and Batch Systems. He is a proven performer who has led by example, maintained technical skills and accepted greater leadership and management responsibilities. He is able to successfully handle Projects from conception through to implementation because he has maintained his unique combination of skills. His 36+ years of information systems experience have covered the UK, Canada and the United States, where he has lived and worked on a variety of Projects for various types of clients, designing, building and implementing large, complex application systems.
Since 1994, Mr. Mohamed's assignments have been in the Wall Street, NY area. During this time his clients have included Merrill Lynch, Citigroup/Smith Barney, Deutsche Bank/Banker's Trust, Citibank and Chase Manhattan Bank/JP Morgan Chase.
Mr. Mohamed possesses a strong background in Mortgage Backed Securities, Securities/Brokerage Systems, Banking Application Systems, Mutual Fund/Investment Systems, and Trade Information Systems; Financial Products Sub-Systems, Branch Electronic Reporting System, Financial Accounting Systems, Mortgage Administration Systems, and Loan Systems. Mr. Mohamed is married with one daughter and is a citizen of the United States and lives in New York City.
Mr. Mohamed was educated at the University of London, England. B.Sc. Computer Science.
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.
CONTACT:
First Guardian Financial Corporation
Investor Relations
212-514-5555 or 1-212-363-6342
Fax: 212-658-9539
Contact via marketwire.com
www.guardianfinancialcorp.com |
