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Non-Tech : NCFC - New Capital Funding Corporation -- Ignore unavailable to you. Want to Upgrade?

To: xcentral1 who wrote (63)	10/13/2006 9:26:58 AM
From: xcentral1	Read Replies (1) \| Respond to of 80

First Guardian Financial Corporation Issues Revenues & Earnings Guidance NEW YORK, Oct 13, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (PINK SHEETS:FGFC), a Financial Holding Company specializing in short term high yield commercial real estate financing, leasing & business financing today issued its Revenue & Earnings projections/guidance for the calendar year 2006. The Company expects year end gross revenues to meet or exceed $6,800,000 to $7,300,000 of which does not include a one time windfall from its land deal of approximately $1,100,000 as this revenue has not been realized yet, as the closing has not occurred when it does the revenues and net income will be revised accordingly. The Company fully expects to report positive net income of 14% to 16% on its core business operations. With the addition of the one time windfall from the sale of its interest in the land contract to bolster the bottom line even further. The company is awaiting the revenue from the land deal so that it may be incorporated into its year end balance sheet so that it will be part of its year end audited financial statements. The company realizes revenue from the fees (points) it collects up front from its lending activities (usually 3% to 6%) plus administrative fees/loan servicing fees and the interest spread between what the company pays for the money it lends (warehouse credit lines) and what it charges its borrowers, the spread is usually 3% to 6% on a short term basis (two years maximum). More details will be forthcoming when the company issues its exact earnings and audited financial statements on or before the end of December.