FirstGrowth Capital Inc.

FirstGrowth Capital Inc.

February 01, 2007 16:00 ET

FirstGrowth Capital Inc. Corporate Update: Sales Contracts in Excess of $7.2 Million

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 1, 2007) - FirstGrowth Capital Inc. (TSX VENTURE:FGC) is pleased to announce that their current sales contracts for 2007 are already approaching last year's total sales of approximately of $9.5 million.

"I am very pleased to see that the early stages of our business plan continues to be embraced vigorously by both existing and new clients," stated Gil Schneider, President and CEO. "This is a great start to the new year, and shows that the company strategy is proving to be a strong foundation for solid growth."

FirstGrowth offers a mix of services targeted at the exploration and development of base minerals in combination with a measured approach to the introduction of its services to targeted market segments of the oil and gas industry Currently one crew remains in strong demand in the Athabasca Basin while an additional crew continues to operate on a number of oil & gas projects in various regions of Alberta and British Columbia.

About FirstGrowth

FirstGrowth is establishing itself as an oil, gas and mineral services company with a long term goal to make accretive acquisitions in this major service sector. The first acquisition is Kinetex Inc. ("Kinetex"), a Calgary-based integrator of applied sciences to the resource industry including both oil & gas exploration and development and mining exploration. One of Kinetex's primary services is targeted implementation and optimization of seismic imaging utilizing the proprietary VectorSeis® Recording System and Digital 3 Component Full Wave imaging.


Gilbert Schneider, President

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • FirstGrowth Capital Inc.
    Gil Schneider
    (604) 484-5761
    Ascenta Capital
    Bruce Korhonen
    Investor Relations
    (604) 684-4743 ext. 230