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First Guardian Financial Corporation Board Approves 10 for 1 Forward Split
NEW YORK, Feb 27, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (FGFC:PK) today announced that its Board has approved a 10 for 1 forward stock split of its common shares. The record date of the forward split will be March 15, 2006 and the pay out/effective date will be March 31, 2006. Each common shareholder of record will receive 10 shares of common stock for every one share that they hold.
"The board has approved this action to reward the current small investor base of 114 shareholders for their patience and to also bring to awareness to our company and expand upon the current investor base as the company moves forward with its business plan," said Abraham Rosenman President.
About First Guardian Financial Corporation:
The company is an Investment Banking & Commercial Real Estate Finance Company serving the small to mid sized market. Its primary goal is to provide products and services within the commercial real estate finance, mergers & acquisition and investment banking sector throughout the United States. The company's website is www.guardianfinancialcorp.com
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.
KEYWORD: United States North America New York INDUSTRY KEYWORD: Professional Services Banking Finance Construction & Property Commercial Building & Real Estate Other Construction & Property SUBJECT CODE: Funding
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