Frontline Gold Corp V.FGC.H

News

[Suntrader]

Stellar revenues again ! Hopefully this will help to correct the recent slide in the share price. Bargain buying at this price. FirstGrowth Capital Inc. Achieves Over $9M in Sales for the First Half of 2007 VANCOUVER, BRITISH COLUMBIA, Jul 11, 2007 (CCNMatthews via COMTEX News Network) -- 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.