LONDON--(Marketwire - Nov 14, 2012) - First Corporation (OTCBB: FSTC) announces Gecko Landmarks Ltd. is in advanced negotiations with African mobile telecom operators. Gecko plans to launch Gecko's Family and Friend Finder for over 100 million consumer subscribers. A "must have" service, Family and Friend Finder will provide safety, peace of mind, and convenience. Users can send SMS text messages to find the location of any phone, as well as activate alarms to inform family members if they find themselves in dangerous situations.
The Gecko Family and Friend Finder works everywhere with every phone. Finding another person has never been so easy. See how it works at http://www.youtube.com/watch?v=9unKNbADeUg
Soon available for operators and phone companies to increase sales and differentiate services, the first agreements are expected to be formalized later this year. Several implementations are expected to take place in Africa early in 2013 and expanded into Asia and other emerging markets thereafter.
- Send a text message FIND < with person or child's phone number > to the Finder service short number
- With one-time permission of the phone owner, the location of the child automatically returns in a text message
- All phones are supported and located in a format that is understood by everybody
- Alarm informs everyone if in trouble -- send a text message "SOS" to the service number
- An alarm message is sent as text with location to predefined list of users
First Corp. completed a $1m investment in Gecko Landmarks Ltd. in June 2012 with the option for further investment in December 2012.
About Gecko Landmarks Ltd.
Gecko Landmarks Ltd. is the world leading global landmark data and mass market finder application provider for emerging markets. The Company enables text-based location information empowering all 6.5 billion mobile phones. In landmark format, users instantly understand the location. Gecko Landmarks develops and manages global landmark data in-house. Learn more about Gecko Landmarks at www.geckolandmarks.com
About First Corporation
First Corporation was incorporated under the laws of the State of Colorado on December 27, 1995. The Company's activities to date have been limited to organization and capital formation.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements reflect First Corporation's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to complete First Corporation's planned acquisition, its liquidity position and its ability to obtain new funding. In the light of these uncertainties the forward-looking events referred to in this release might not occur, and actual events could differ materially from those described in First Corporation's forward-looking statements.