FirstGrowth Capital Inc.

FirstGrowth Capital Inc.

May 07, 2007 08:00 ET

FirstGrowth Capital Inc. Announces Investor Relations Appointment

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 7, 2007) - FirstGrowth Capital Inc. (TSX VENTURE:FGC)(FRANKFURT:G8Q), a TSX Venture Exchange listed company (the "Company"), announces it has reached an agreement with Nicholas Sayce for investor relations services to augment existing Investor Relations services currently being provided by Mr. Barry Claridge and Ascenta Capital Inc.

Pursuant to the agreement, Mr. Sayce will provide investor relations services for the Company, with particular emphasis on Eastern Canada and Europe. Services to be provided by Mr. Sayce include contacting potential investors, investment clubs, high net-worth individuals, retail brokers, small fund managers, and publications and providing factual information related to the every day business of the Company, with a view to introducing such parties to the Company, all in accordance with the relevant policies of the TSX Venture Exchange.

Mr. Sayce was educated in the UK, emigrated to Canada in 1966, and entered the investment business in 1968. His knowledge of Canadian, US and European financial institutions stems from years spent in institutional sales. He has worked in equity trading for major financial institutions and investment dealers, during which time he gained insight into the workings of global securities markets. Lately he has devoted his time to Investor Relations in the institutional field, successfully introducing companies to institutional markets in North America and Europe, specializing in the resource industry.

The term of the contract is for twelve months commencing May 1, 2007, and terminating on April 30th, 2008, with a performance review every three months. The agreement may be terminated without cause or penalty by either party on 30 days written notice. As consideration for services, the Company has agreed to pay Mr. Sayce Five thousand dollars per month, payable on the first day of each month.

The Company has also granted an option to Mr. Sayce to purchase up to 100,000 shares at $1.10 per share for a term expiring May 1, 2009, and vesting in four equal portions over four three-month periods.

Mr. Sayce does not own any shares in FirstGrowth Capital Inc.

The investor relations agreement between the Company and Mr. Sayce, and the compensation payable to Mr. Sayce including the allocation of options to Mr. Sayce are subject to TSX Venture Exchange approval.


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.

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