FGFC First Guardian Financial Corporation Board Approves Reduction of its Authorized Common Stock Business Wire - March 2, 2006 8:46 AM (EDT)
NEW YORK, Mar 02, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (FGFC:PK) yesterday the Board of Directors after the bell approved a reduction of its Authorized Common Stock from 520,000,000 to 150,000,000 of which 100,000,000 common shares are restricted and in managements control.
The company believes this action in conjunction with the previously announced 10 for 1 forward split to be paid to shareholders of record on March 15, 2006 with a pay date of March 31, 2006 will create substantial value for our shareholders and increased visibility within the investment community.
"We aggressively intend to maintain and enhance shareholder value on a consistent basis; we are currently in the process of interviewing candidates to head up our recently acquired Buysellmerge.com portal and to begin development immediately thereafter. We are continuing an aggressive campaign directed towards our targeted market for our products & services. The company currently has other several potentially lucrative opportunities under review and we intend to execute several of them in the very near term," said Mr. Rosenman President
Mr. Rosenman also stated "I am very excited about the company's prospects and business plan going forward and reiterate my enthusiasm of joining an organization with the tremendous opportunities of First Guardian Financial Corporation and look forward to a very prosperous and rewarding experience"
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.
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.
posted
yea? 10/1 R/S OR 10/1 F/S? I think you are a little excited! 52% green is wonderful stiper.
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