SOURCE: First Corporation

September 06, 2011 11:12 ET

First Corporation Continues Audit of the Gecko SMS Application: Current Phase 1 Version Provides Superior Functionality to the Native Android Text Editor

LONDON--(Marketwire - Sep 6, 2011) - First Corporation (OTCBB: FSTC) reports on the continuing audit of the Gecko SMS Application, a significant component of Gecko's AtLAS Advanced Landmark Acquisition System. The current version of Gecko's SMS Application is available on the Android mobile phone platform enhancing SMS messages by adding location information based on well-known geographic related interest points.

Mark Collins-Cope, Private Trading Systems, notes, "The Gecko SMS in use now is the Phase 1 proof of concept version. We understand the 'real thing' should be released later this month and is expected to re-enforce Gecko's position as world leader in the provision of local landmarks." Mr Collins-Cope is head of the Private Trading Systems IT team retained by First Corporation to audit Gecko's AtLAS Advanced Landmark Acquisition System.

Gecko's CEO, Pasi Riipinen, states, "The Gecko SMS is a generic text message editor currently available on Google's Android mobile phone platform. As well as providing superior functionality to the native Android text editor it automatically adds location information to the end of the message."

The audit of Gecko's SMS Application is intended to augment First Corporation's due diligence process further accelerating the acquisition of their 10% equity stake in Gecko. With the gathering of additional due diligence information, First Corporation intends to conclude the transaction with Gecko as soon as possible thereafter, subject to regulatory requirements.

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.

Forward-Looking Statement

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.

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