EMB Corporation's Subsidiary First Guaranty Financial Corporation Exceeds 2001 Projections

Huntington Beach, California, UNITED STATES


HUNTINGTON BEACH, Calif., Dec. 5, 2001 (PRIMEZONE) -- James E. Shipley, President of EMB Corporation (OTCBB:EMBI) (Berlin: EMBI.BE), (Frankfurt: EMBI.F), and (Hamburg: EMBI.H) announced today that its wholly owned subsidiary, First Guaranty Financial Corporation, is having a record year for 2001 and has exceeded projections in originations, fundings, revenues and profits. First Guaranty Financial Corporation, (http://www.fgflend.com), headquartered in Santa Ana, California, is a multi-state wholesale mortgage lender that has a winning strategy in the vastly competitive field of mortgage banking.

Mr. Rod Thompson, President of First Guaranty said, "Total fundings for calendar year 2001 will exceed $540 million representing more than a 224% increase over calendar year 2000." Mr. Thompson went on to say, "More importantly the company will exhibit strong net earnings for the fiscal year ended September 30, 2001, based on gross revenues in excess of approximately $9 million instead of our projected $8 million for the period. We have added some new key personnel and expect demand for our mortgage products to remain robust throughout 2002."

James Shipley, President of EMB said, "We are very proud of the excellent job Mr. Thompson and all those associated with First Guaranty have done, and continue to do." Mr. Shipley went on to say, "Technology for valuation of property, underwriting automation, and the entry of foreign capital into the U.S. markets will continue to provide an environment where well managed mortgage lenders can thrive. EMB's formula for success is in place, and our strategy is to continue to assist FGFC with national growth, advertising, and increased technology through additional acquisitions, and/or mergers, that are presently in negotiations or under review."

To request an investor kit for EMB Corporation please call Justin Keener, Investor Relations Consultant, at (650) 292-1585 or email EMBI@equitybroadcast.com.

About EMB Corporation:

EMB Corporation is a financial services holding company, which provides a network to mortgage brokers, both retail and wholesale through our wholly owned mortgage companies, currently including American National Mortgage, and First Guaranty Financial Corporation. Mortgages originated by our group of companies may be held temporarily for investment, or may be sold to third parties or financial institutions, or may be secured, packaged, and sold as mortgage backed securities. For further information about the Company please look at our Website, http://www.embcorp.net or http://www.embcorporation.com.

A number of statements referenced in this Release and the CEOcast or EquityBroadcast interviews are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this actions may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may, "could," or "might" occur. Such statements reflect the current views of EMB Corporation with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the "forward-looking" statements contained in this news release. This is not an offer to sell or a solicitation of an offer to purchase any securities.



        

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