SOURCE: First Capital International, Inc.

May 30, 2007 10:00 ET

First Capital International, Inc. Signs an Agreement With a Major Russian Electronic Security Manufacturer/Defense Contractor

HOUSTON, TX--(Marketwire - May 30, 2007) - First Capital International, Inc. (OTCBB: FCPN), the designer and manufacturer of its prepackaged VIP Systems™, (www.VipSystems.us), a state-of-the-art Video Surveillance Security Solution, announced today that the Company has signed a major Agreement with OAO "Russian Electronica" (ROSEL) -- a leading Russian industrial/defense manufacturer and designer of security products.

Under the Agreement, JSC "Ruselectronics" will provide marketing and manufacturing/integrator capabilities for various large projects that First Capital International, Inc. is currently working on in Russia. Both companies decided to jointly market their technologies and products in the field of the protection of the marine port facilities including LNG terminals, against any possible terrorist attacks. Further, both companies have agreed to consider JSC "Ruselectronics" as a strategic investor for First Capital in the near future.

"This is an important event," said Alex Genin -- CEO and President of First Capital International, Inc. Mr. Genin went on to further state: "Finally we will be able to undertake the large contracts in Russia and provide complete Solutions including designing and installation of the equipment. We have been actively discussing large projects in Russia for sometime now, but the lack of local, qualified integrators created numerous delays in the final decision making process."

"We are excited to have such a major company as JSC "Ruselectronics" as our Partner in Russia. We are currently bidding on several very large projects in Russia, and with the new capabilities, we feel much better about procuring these sizable projects in Russia," said Mr. James Gooch -- Vice President of Technology for First Capital International, Inc.

Mr. Alexander Bashkov -- Deputy Director General of JSC "Ruselectronics" -- said: "We expect that the cooperation with First Capital will help to implement the state-of-the-art security Solutions developed by First Capital in the Russian market and create new opportunities to market Ruselectronics product line in the United States." Mr. Alexander Bashkov went on to further state: "The joining of the capabilities and efforts will allow us to offer totally integrated security systems able to confront new threats and participate in various security solution projects currently in the bidding process by major U.S. firms in Russia."

About First Capital International, Inc.

First Capital International, Inc. is an international technology company, (OTCBB: FCPN), with its main business focus on full technology solutions for various enterprise ventures. The Company specializes in video surveillance enterprise solutions, as well as, technology integration solutions for marine and urban technology.

About JSC "Ruselectronics"

Open Joint-Stock Company (JSC) Ruselectronics was established pursuant to RF President's Decree No. 764 of 23 July 1997 and Government Resolution No. 1583 of 18 December 1997. JSC Ruselectronics is a Holding Company of the largest Holding, in the Russian electronics industry, comprising 12 production facilities and 15 research institutes with over 18,000 employees. The core businesses of the Holding are security and safety equipment, quantum electronics, control and measuring equipment, semiconductor devices, night vision devices, microwave technology, power electronics, special materials for electronic components, data display and recording facilities, communications and telecommunications equipment, electronic tubes and others. The Holding is rapidly rowing and currently its output accounts for 20% to 40% of all domestic electronic manufacturers' output of the majority of electronic components groups.

This press release contains forward-looking statements that involve a number of risks and uncertainties. In addition to those factors already discussed, important factors that could cause actual results to differ materially from those in the forward-looking statements are, among others, fiscal operating strategy and the availability of financing.

Contact Information

  • For Additional Information, please contact:

    First Capital International, Inc.
    Tel. (713) 629-4866
    Fax (713) 629-4913
    Email Contact
    www.firstcap.net
    Contact: Public Relations Department