First Guardian Financial Corporation Names Interim President.

NEW YORK -- First Guardian Financial Corporation (PINK SHEETS: FGFC) today announced that it has named Mr. Fauzie Mohamed as the interim President of the company. Mr. Mohamed has most recently served as the company's Director of Buysellmerge.com unit and President of Windsor Capital.

Mr. Mohamed was educated at the University of London, England. B.Sc. Computer Science.

Mr. Mohamed has compiled an impressive Information Systems/Technology background related to Project Management/Project Leadership, Feasibility, Business Analysis, Requirements Definition, Systems Architecture, Design, Development, Testing and Implementation of large, complex Online/Real Time and Batch Systems. He is a proven performer who has led by example, maintained technical skills and accepted greater leadership and management responsibilities. He is able to successfully handle Projects from conception through to implementation because he has maintained his unique combination of skills. His 36+ years of information systems experience 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. During this time his clients have included Merrill Lynch, Citigroup/Smith Barney, Deutsche Bank/Banker's Trust, Citibank and Chase Manhattan Bank/JP Morgan Chase.

Mr. Mohamed possesses a strong background in Mortgage Backed Securities, Securities/Brokerage Systems, Banking Application Systems, Mutual Fund/Investment System, and Trade Information System. Financial Products Sub-System, Branch Electronic Reporting System, Financial Accounting System, Mortgage Administration Systems, & Loan System. Mr. Mohamed is married with one daughter and is a citizen of the United States and lives in New York City.

Mr. Mohamed said: "I am very enthusiastic about the opportunity to lead First Guardian Financial Corporation and to aggressively execute our strategic plan. In recent months, the company has adopted a comprehensive strategy, we will strengthen our portfolio through both acquisitions and organic growth, although we still have much to do, these steps have positioned us to achieve our stated goals."

Mr. Mohamed continued: "Going forward, we will maintain a sharp focus on meeting all of our stated objectives and will continue to grow the business per its current business plan, we have a strong roster of clients and business partners and I look forward to continuing to work closely with our business partners and clients."

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.