Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: xcentral1 who wrote (65)	11/1/2006 6:59:17 PM
From: oldno7	Read Replies (2) \| Respond to of 80

According to FGFC website this should put the total outstanding share count at about 42,000,000 plust 68,000,000 restricted guardianfinancialcorp.com First Guardian Financial Corporation Retires First Block of 100 Million Common Shares NEW YORK, Nov 01, 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 announced that they have retired/returned the first block of 100 million common shares back to the company's Transfer Agent. That the company sent, via federal express yesterday the certificates for delivery today. The company's Transfer Agent Computershare has informed us that they will try and have the retired share reduction on record by Friday of this week as it usually can take up to 10 days to be reflected in the system. The company anticipates within the next couple of weeks to retire an additional large block of shares as it completes its previously announced buyback. "We have decided to retire this block of shares at this time contrary to previously announced plans to retire the entire amount of shares at one time, to show our shareholders our good faith efforts and intentions. We apologize that the buyback has not gone as fast as we anticipated as the lack of volume has not allowed us the ability to acquire the shares that we would like on the open market as fast as we thought; however, we will get it done very soon," said Abraham Rosenman, President. 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. 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. SOURCE: First Guardian Financial Corporation CONTACT: First Guardian Financial Corporation Investor Relations, 212-572-4823 Fax: 212-572-6499 ir@guardianfinancialcorp.com Copyright Business Wire 2006