SOURCE: 1st Global Financial Corporation

June 29, 2011 08:15 ET

1st Global Posts on FGBF's OTC Markets Website Updates

Financial Bond Offering Information

LAS VEGAS, NV--(Marketwire - Jun 29, 2011) - 1st Global Financial Corporation (PINKSHEETS: FGBF), an asset based holding company today announced that the Company on its OTC Markets website FGBF financial page has posted an update on the $200,000,000 Bond offering. [] The Bond offering will provide the Capital to complete several of 1st Global Real Estate purchases.

John Bannister, President of 1st Global Financial Corporation, stated, "We have created an offering for the retail and the institutional investment communities that has been tailored to fit the investment criteria that has been suggested by the institutional investors to 1st Global management team. Accordingly, we have a secured investment offering that will serve a multiple investment strategy over the life of the bond issue and which will guarantee the returns that have been described."

The Bond offering's current status is as follows:

1st Global Financial Corporation has:
1) offered appointment to Trustee for the Bonds which was accepted
2) acquired Insurance enhancements for 100% of the Bond Offering
3) made preparations for the $200,000,000 Bond Offering to be presented to the Investment Community through the Bond Brokers.

The Bond Offering presentation will begin July 2011 as follows:

We are offering for sale three new series of notes consisting of $200,000,000 aggregate principal amount of 6.00% notes due 2018. We will pay interest on each series of notes on May 17 of each year commencing, 2012.

Unless earlier redeemed, the 2018 notes will mature on May 17, 2018. We may redeem the notes prior to maturity in whole or in part at the redemption prices described in this prospectus supplement under "Description of Notes Optional Redemption." If the 2018 notes, are redeemed on or after May 17, 2014 the redemption price will not include the Make-Whole Amount (defined herein).

The notes will be our unsecured and unsubordinated obligations and will rank equally with all of our other existing and future unsecured and unsubordinated indebtedness.

About 1st Global Financial Corporation (PINKSHEETS: FGBF) is creating strategic partnerships with individual and institutional owners of property portfolios in Ireland, the United Kingdom, Europe, USA and the Caribbean to finance the acquisition of those portfolios. 1st Global Financial Corporation has selected a range of properties including hotels, commercial retail and office, and leisure developments to provide a comprehensive spreadsheet of income generation to facilitate growth in the Corporation. 1st Global intends to present to the investment community at all levels an opportunity to participate in solid property asset acquisition with steady income projection. The Corporation plans to issue a series of asset backed bonds in this financial year and has begun the confidential negotiations with book-runners and institutional investment managers in Europe, China, and the Middle East to facilitate that intention.

Safe Harbor Statement: This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as 1st Global Financial Corporation 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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