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[QUOTE]Originally posted by krquinn: [QB] News for 'FGFC' - (First Guardian Financial Corporation Names Mr. Fauzie Mohamed Permanent President & CEO) NEW YORK, NY, Apr 23, 2007 (MARKET WIRE via COMTEX) -- First Guardian FinancialCorporation(PINKSHEETS: FGFC) today announced that it has named Mr. Fauzie Mohamed as the permanent President & CEO of the company. Mr. Mohamed has servedasthe interim President since January of this year. Mr. Mohamed has also acquired a majority interest in the company; the companywillundergo a new name and symbol change to reflect the new direction of the business operations. The name and symbol change will be announced upon itsapprovalby NASDAQ. The company also stated that there will be no reverse split or change in thecapitalstructure 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 meetingallof our stated objectives and will continue to grow the business per its current and new business plan." The Company focuses on NEW Technologies for: NEWeTechnologies,NEW Energy, Clean Environment, Responsible Mining. The Company builds Funds to create Incubation Capital for these Sectors whiledevelopingClient Companies through a Financial Network in the Capital Markets to foster the Growth of Incubated Companies with Capital and BusinessDevelopmentOpportunities. FGFC grows with the Companies it fosters that meets its Capitalization Criteria.Mr. Fauzie Mohamed established in 1973 a Professional Practice of Management,Businessand Information Systems Consulting (MBISC). He started his Practice as an Independent Consultant in this field, after leaving the Software/Consultingfirmin London, England where he started as a Software Engineer in 1969. In addition to his Country of Birth, British Guiana, South America (now Guyana,sinceindependence 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 FundingServices.He has been very active and focused in this area since establishing this Practice. He is Entrepreneurial with a broad set of diversified skills inadditionto his core competencies of MBISC skill sets. He has also established and operated an International Trading Company during the early 1990s and stillgetsinvolved with appropriate Deals/Projects. Mr. Mohamed has compiled an impressive Information Systems/Technology backgroundrelatedto Project Management/Project Leadership, Feasibility, Business Analysis, Requirements Definition, Systems Architecture, Design, Development,Testingand Implementation of large, complex Online/Real Time and Batch Systems. He is a proven performer who has led by example, maintained technical skills andacceptedgreater leadership and management responsibilities. He is able to successfully handle Projects from conception through to implementation becausehehas maintained his unique combination of skills. His 36+ years of informationsystemsexperience 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.Duringthis time his clients have included Merrill Lynch, Citigroup/Smith Barney, Deutsche Bank/Banker's Trust, Citibank and Chase Manhattan Bank/JPMorganChase. Mr. Mohamed possesses a strong background in Mortgage Backed Securities,Securities/BrokerageSystems, Banking Application Systems, Mutual Fund/Investment Systems, and Trade Information Systems; Financial ProductsSub-Systems,Branch Electronic Reporting System, Financial Accounting Systems, Mortgage Administration Systems, and Loan Systems. Mr. Mohamed is married withonedaughter 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. ComputerScience.This press release does not constitute an offer of any securities for sale. Thispressrelease contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the SecuritiesExchangeAct of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, withoutlimitation,the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capitalonterms acceptable to the company, the inability to compete effectively in themarketplace,the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from thosecontainedin the company's projections or forward-looking statements. All forward-looking statements in this press release are based on informationavailableto the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events orcircumstancesoccurring after the date of this press release. CONTACT:First Guardian Financial Corporation Investor Relations212-514-5555 or 1-212-363-6342 Fax: 212-658-9539Contact via http://www.marketwire.com/mw/emailprcntct?id=D8E79FFA89A2D8AF [URL=http://www.guardianfinancialcorp.comSOURCE:]www.guardianfinancialcorp.comSOURCE:[/URL] First Guardian Financial Corp. CONTACT: http://www.guardianfinancialcorp.comCopyright 2007 Market Wire, All rights reserved. [/QB][/QUOTE]
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