First Capital Intl Inc. Reports an Increase in Revenues and a Reduction in Losses.Business Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--Aug. 15, 2002 First Capital International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FCAI FCAI Federal Chamber of Automotive Industries (Australia) )(Frankfurt: FCAI.F; XETRA Xetra Deutsche Borse electronic trading platform that commenced operation in 1997. : FCAI.DE; Berlin: FCAI.BE; Austria: NEWEX: FCAI.EX), (www.FirstCap.net), announced today that the Company is reporting a substantial increase in its Revenue of $331,207 for the last three months of operation. This is compared to $144,762 for the same period in 2001. Further, the Company has substantially reduced its Net Loss to $30,588.00 for the last Quarter compared to the loss of $257,801 for the same period in 2001 The Company is also reporting the sale of its Telecommunication business in Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. and the streamlining of its U.S. Operations. At the present time, the Company is strictly focusing on the marketing, development and production of its state-of-the-art New Home Automation and Media Distribution center -- the VIP Systems(TM) (www.VipHomeSystems.com). This will enable the Company to generate new and substantial revenue base, as well as, create a Brand name for the Company's new product line. About First Capital International Inc. First Capital International Inc. (www.firstcap.net) is a rapidly expanding International Technology company with its headquarters in Houston. Currently, the Company has developed a new Video Conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. -- Media Distribution and Home Automation Center - the VIP Systems(TM) (patent pending). The System (www.VipHomeSystems.com) is a fully interactive Internet device complete with touch-screen LCD monitors with full CPU CPU in full central processing unit Principal component of a digital computer, composed of a control unit, an instruction-decoding unit, and an arithmetic-logic unit. , which are built into the wall of a home and have full Web capabilities. The Company recently unveiled its VIP Systems(TM), with great success, at both the International Builders Show in Atlanta, and at the Electronic House Expo in Orlando, Fla. The VIP Systems(TM) was also featured as the main Home Automation Control Unit at the Bob Vila's "dotCom dreamHome" Project in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , in April 2002. VIP Systems(TM) can be viewed in detail at: www.BobVila.com and www.ishow.com/demo/connections2002/ . This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties. In addition to those factors already discussed, important factors that could cause actual results to differ materially from those in the forward-looking statements are, among others, fiscal operating strategy, economic stability in Europe and the availability of financing. For Additional Information, please contact: |
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