FirstGrowth Capital Inc.
TSX VENTURE : FGC

FirstGrowth Capital Inc.

January 25, 2007 08:00 ET

FirstGrowth Capital Inc. Retains Ascenta Capital Partners Inc. to Provide Investor Relations Services

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 25, 2007) - FirstGrowth Capital Inc. ("FirstGrowth") (TSX VENTURE:FGC) is pleased to announce it has retained Ascenta Capital Partners Inc. ("Ascenta") of Vancouver, BC, to provide investor relations and financial communications services. Ascenta will receive a monthly retainer of $5,500 for a 12-month term, subject to termination by either party with 30 days written notice. FirstGrowth will also issue as compensation to Ascenta an option to purchase 200,000 common shares at an exercise price of C$1.10 per share, which will be effective for a period ending 30 days after the termination of the contract. The options granted will vest in accordance with TSX Venture Exchange guidelines and FirstGrowth's stock option plan. This agreement is subject to regulatory approval.

"With our demonstrated double digit growth, we believe it is the right time to invest in communicating our story to the market," stated Gil Schneider, FirstGrowth's President and CEO.

About Ascenta Capital Partners Ltd.

Ascenta is a leading provider of investor relations services to public companies in Canada. Ascenta's strength is its disciplined approach to the development and execution of strategic, customized investor relations programs and services.

About FirstGrowth Capital Inc.

FirstGrowth is establishing itself as an oil, gas and mineral services company. Our long term goal is to make accretive acquisitions in this major service sector. Our 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.

FIRSTGROWTH CAPITAL INC.

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
    President
    (604) 484-5761