FirstGrowth Capital Inc.

FirstGrowth Capital Inc.

July 11, 2007 13:21 ET

FirstGrowth Capital Inc. Achieves Over $9M in Sales for the First Half of 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2007) - FirstGrowth Capital Inc. (TSX VENTURE:FGC)(FRANKFURT:G8Q) (the "Company") today announced sales revenue for the first half ended June 30, 2007 totaling approximately $9,000,000 which is in line with the company's previously reported guidance. The company's sales guidance for the full year is expected to be between $17 - $20 million.

The company's recently announced equipment purchases will enable FirstGrowth to continue to expand its business. The company is currently negotiating the expansion of existing contracts and new domestic and international business.

President and CEO, Gil Schneider states "We are pleased to see that demand for the company's full wave digital seismic services continues to be strong. The company's stellar first quarter performance is indicative of the contracts that we are bringing on stream. Given that the fourth quarter has historically been the company's strongest quarter we are confident in the company's ability to continue its current trend of year over year growth."

About FirstGrowth

FirstGrowth is an oil, gas and mineral exploration services company focused on the organic growth of its subsidiary, Kinetex Inc. In addition, FirstGrowth's goal is to make acquisitions in the resource services sector accretive to Kinetex's current seismic imaging services.

Kinetex has been a developer of advanced exploration techniques for over six years as a Calgary-based integrator of applied sciences to the resource industry, including oil & gas exploration and development, and precious and base mineral exploration and evaluation. One of Kinetex's primary services is targeted implementation and optimization of seismic imaging using the proprietary VectorSeis Recording System and Digital 3 Component Full Wave Imaging.

Kinetex continues to be focused on offering value added services which accelerate the advancement of both grass roots exploration and development of hard rock deposits, with extensive experience in the areas of diamonds, gold and uranium.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation regarding future plans and objectives of FirstGrowth are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this document are often, but not always, identified by the use of words such as "anticipate" and "intend" and statements that an event or result "will" occur or be achieved and other similar expressions. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially form those anticipated in such statements.


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. The company seeks safe harbour.

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