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[QUOTE]Originally posted by skipdeez: [QB] First Guardian Financial Corporation Reaches an Agreement to Buyout the Balance of Windsor Capital Ltd. May 9, 2006 9:02:00 AM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--May 9, 2006-- First Guardian Financial Corporation (Pink Sheets:FGFC) today announced it has reached a definitive agreement to buyout the balance of Windsor Capital Ltd., that it does not own. The company recently acquired a majority interest in Windsor Capital and will now buyout the remaining minority interest; thus making Windsor Capital a (100%) wholly owned subsidiary of First Guardian Financial Corporation. FGFC anticipates the buyout will be completed within the next two weeks and FGFC will immediately proceed with a full integration of management and personal, streamlining operations and enhancing cash flow. "The company intends to control 100% of its investments, we are very pleased that we were able to acquire total control of Windsor Capital Ltd., and look forward to equally rewarding investments in the future. This buyout was a milestone for the company as it represents our commitment of solid growth and shareholder security, we believe the company to be severely undervalued and intend to correct that with our business plan going forward and future investment's.," said Abraham Rosenman President First Guardian Financial Corporation. About Windsor Capital Ltd: Windsor Capital Ltd. is a consulting and investment firm specializing in the areas of information technologies serving the Banking, Investment Banking and Health Care Service Industries. About First Guardian Financial Corporation: The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio to small and 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. Forward Looking Statements: 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 ---------------------------------------------- First Guardian Financial Corporation Investor Relations 212-572-4823 Fax: 212-572-6499 ir*guardianfinancialcorp.com [URL=http://www.guardianfinancialcorp.com]www.guardianfinancialcorp.com[/URL] [/QB][/QUOTE]
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