SOURCE: First Guardian Financial Corp.

May 07, 2007 09:23 ET

First Guardian Financial Corporation Announces Formal Company Name and Symbol Change Effective Today

NEW YORK, NY -- (MARKET WIRE) -- May 7, 2007 -- First Guardian Financial Corporation (PINKSHEETS: FGFC) announced today the formal Name and Symbol change of the Company. The Company will now trade under the Symbol (PINKSHEETS: NCFC). This has been confirmed by NASDAQ on May 5, 2007 to be effective today. The new name of the Company is NEW CAPITAL Funding Corp. The Company’s new CUSIP number will be 643175 10 2.

NEW CAPITAL Funding Corp. indicated that the name change represents a new opportunity for growth of the company. With a greater potential for a higher level of company recognition and progress while reaching its goal of high growth and greater shareholder value.

NCFC will focus to generate Revenues and build a strong Balance Sheet by:

1) Being a Financial Services Firm, do Deals in the Capital Markets for Clients to generate Fees. These Deals include, but are not limited to: Investment Banking Services, Capital Funding, Mergers and Acquisitions (M&A), etc. For example, NCFC has access to Capital Targeted for the Building of New Power Plants or the Upgrade of existing Power Plants, Nuclear, Hydrogen, Coal, Traditional etc. Average Deal size is $500 Million and up. We make fees when we bring in the Deal. NCFC has one Deal of this nature in the pipeline. This is just one example of Deal type.

2) NCFC in its Incubation Capital Model going forward will participate in Joint Venture with proven New Technologies in the Energy Sector and the Environment. Green Energy and Eco Friendly Environmental Projects. These Sectors have huge upside for NCFC and its Investors. The Major Funding for these Projects is as was presented in the recent JV Press Release with REMCO EU, with Grants and Guaranteed Loans, USA Export Import (EXIM) Bank Loans etc.

3) NCFC is seeking M&A for its own Portfolio M&A Platforms to give Operating Companies in its Fold opportunities for growth going forward. NCFC has access to Acquisition Capital for Companies/Projects that meet specific Criteria.

4) Through NCFC Subsidiary of WINDSOR Capital Ltd. It is pursuing Financing and Leasing Opportunities.

“In summary going forward, we will build the Value of NCFC to benefit the Shareholders including the Executive Team, creating a Positive Cash Flow, participate in Ownership of Companies we develop in their Growth by bringing in Capital and Business Development Opportunities through our well established Network of Contacts in the Capital Markets and various Business Sectors,” said Fauzie Mohamed, President and CEO of NEW CAPITAL Funding Corporation.

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.

Contact Information

    New Capital Funding Corp.
    Investor Relations
    Fax: 1-212-658-9539