SOURCE: 1st Global Financial Corporation

February 02, 2011 08:00 ET

1st Global Enters Into an Agreement With Conspectus to Acquire About $14,000,000 Worth of Real Estate

LAS VEGAS, NV--(Marketwire - February 2, 2011) - 1st Global Financial Corporation (PINKSHEETS: FGBF) announced today that it is finalizing an agreement with Conspectus Consultancy Corporation to acquire income properties in Florida and Cape Verdi with a value of about $14,000,000.

Details of the real estate being acquired will be posted on the Corporation's website, (www.fgbf-corp.com). 

John Bannister, President of 1st Global, stated, "With these properties under contract the Company is beginning implementation of its business plan. These are important steps for the Company and we expect to make significant advancements in the execution of the business plan in the coming weeks moving 1st Global forward." 

About 1st Global Financial Corporation

1st Global Financial Corporation's business plan is to finance substantial property portfolios in Europe and the USA in partnership with established property developers and institutional investors. The Corporation will be announcing in the near future further details of the acquisitions under contract.

For more information please visit www.fgbf-corp.com.

Safe Harbour Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as FGBF or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

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