First Guardian Financial Establishes Debt Purchasing/Collection Unit

First Guardian Financial Corporation (Pink Sheets: FGFC) announced today in a press release that they have established a wholly owned receivables & management subsidiary to be named U.S. Receivables & Management Company. The company is a Delaware Registered Company.

U.S. Receivables & Management will engage in the purchasing and the debt recovery of sub-performing and non-performing receivables. These portfolios of receivables will be acquired at deep discounts and will be outsourced for collections on a contingency basis.

“We feel that the establishment of this subsidiary fits our business model of a full service financial company, while adding another service/product line for our business customers. It is the company’s intention upon completion of its buysellmerger.com unit that these services can be cross marketed to its clients and will enhance the revenue of the company. We intend to utilize warehouse lines of credit to acquire select portfolios of receivables that will yield the company the greatest return on investment,” said Abraham Rosenman, President of First Guardian Financial Corporation.

First Guardian Financial Corporation provides commercial real estate financing & invests/lends for its own portfolio in small to mid sized businesses.