First Capital Intl Inc. Will Unveil Its VIP Systems in Europe.

Business Editors & High-Tech Writers

HOUSTON--(BUSINESS WIRE)--Aug. 28, 2002

First Capital International Inc. (OTCBB:FCAI)(Frankfurt: FCAI.F; XETRA: FCAI.DE; Berlin: FCAI.BE; Austria: NEWEX: FCAI.EX), (www.FirstCap.net), announced today that the Company's wholly owned subsidiary -- the Vip Systems Inc., which produces the state-of-the-art Media Distribution & Home Automation technology, the VIP Systems(TM)(www.VipHomeSystems.com) will participate in the Net-atHome(TM) International Conference and Exhibition in France in November of this year, (www.Net-atHome.com/event02).

The Company has also confirmed that its President and CEO -- Mr. Alex Genin will be a featured speaker at the conference. This conference is being conducted by the Sigma Consultants (www.Sigma-Consultants.fr.) one of the leading international companies providing business information and market support services on newly emerging technology. Additionally, the Company's new VIP Systems(TM) will be fully adaptable to European market, including a new PAL/Secam TV tuner and capabilities to function within the 220v European electrical current. This new product will target the fast growing European movement for the digital living environment.

"This is the largest and most prestigious European exhibition in the Home Network and Home Automation industries in Europe," said Duane Aman -- vice president of marketing for First Capital International Inc. Mr. Aman went on to further state: "We are extremely proud to unveil our VIP Systems(TM) in Europe and to be one of the few U.S. companies on the forefront of the newly emerging Home Automation market in Europe."

Mr. Roger Torrenti -- CEO of Sigma Consultants and one of the leading European experts in the field of home networks and gateways, connected appliance and Internet services, stated: "We are very pleased and excited to see that VIP Systems(TM) will be exhibited at our conference in November. We have seen this product in the United States at the CompUSA Digital Living Center and are very impressed with its capabilities and believe that this product has great possibilities in the European marketplace, as well."

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 -- 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 monitor with full CPU, which is built into the wall of a home and has 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 dotCOM dreamHOME Project in Las Vegas, in April 2002. VIP Systems(TM) can be viewed in detail at: www.BobVila.com and www.ishow.com/demo/connections2002/.

About Sigma

Sigma (www.Sigma-Consultants.fr) is a company established in 1984 and located in Sophia Antipolis, a technology park often called, "The European Silicon Valley," close to Nice. Recognized as one of the indisputable leaders in providing business information and market support services, Sigma's client list includes most leading manufacturers and service companies, international organizations and research institutions. Above and beyond the methodological experience the company has acquired over years, Sigma has also been developing a recognized sector-based expertise in the fields of information technology, energy and the environment. This is particularly the case in the field of home networks & gateways, where Sigma is recognized as the leading European consulting firm. Market researches, technology assessments, watch services, business events (conferences & exhibitions, study trips to the U.S. & to Asia, workshops, working groups, etc.) are among the services that Sigma develops most frequently for its clients. Sigma is proud to have succeeded in building a long-standing reputation for quality, efficiency and professionalism for all its services.

This press release contains forward-looking statements 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.