1st Global Financial Corporation Announces New Corporate Website and Updates Activities Regarding Potential Acquisitions Utiliz
1st Global Financial Corporation Announces New Corporate Website and Updates Activities Regarding... -- LAS VEGAS, Nov. 18, 2011 /PRNewswire/ --
1st Global Financial Corporation Announces New Corporate Website and Updates Activities Regarding Potential Acquisitions Utilizing the 350 Million Euro Line of Credit
LAS VEGAS, Nov. 18, 2011 /PRNewswire/ -- 1st Global Financial Corporation (OTC: FGBF), a real estate holding and trading company creating strategic partnerships with individual and institutional owners of property portfolios in the USA, United Kingdom, Europe, and the Caribbean, announced today that 1st Global will launch its new website by November 25. The Company also announced that based upon its 350 Million Euro Line of Credit, that it has been able to access financial institutions' lists of property holdings and has presented offers to purchase on the properties that met the Company's criteria.
1st Global Financial Corporation's President Johnny Bannister said, "Our new website will give our shareholders important information about their Corporation and our acquisitions over the coming financial years. We are presently actively engaged in meetings with major banks in the UK and in Ireland under terms of non-disclosure with our 350 Million Euro Line of Credit provided to them to review what properties they are offering that might fit the Corporation's business plan. With the new agreed credit facility together with investment deposits being made into 1st Global give us the necessary funding to implement and develop our business model over the next financial year. Our additional bond offerings will complete shortly and we will be making full public disclosure regarding that event. We have already made significant offers on a number of properties which we have identified as bringing solid benefits to our shareholders and look forward to making public as soon as possible the full details regarding them when the necessary legal procedures are completed."
About 1st Global Financial Corp (OTC 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 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.
1st Global Financial Corporation
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