The principal business of FVC First Venture Capital Corporation will be to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation subject to receipt of shareholder approval and acceptance for filing by the Exchange. Until the completion of a Qualifying Transaction, the Company will not carry on any business other than the identification and evaluation of assets or businessses in connection with potential Qualifying Transactions. The Company does not have business operations or assets other than seed capital, and has no written or oral agreements for the acquisition of an asset or business at this time.

The company’s capitalization is 50,000,000 common shares with no par value of which 4,000,000 common shares are issued and outstanding (including 1,500,000 held in escrow). Pacific Corporate Trust Company of Canada is the transfer agent for the company and Pacific International Securities Inc. is the sponsoring member.

The company has issued to its sponsor a total of 200,000 non-transferable share purchase warrants. Each warrant entitles the agent to purchase one share of the company at $0.20 per share up to 18 months from the date of listing.

For further information, please refer to the Company’s Prospectus dated August 11, 1998 at vcinfo.vse.ca.

FVC FIRST VENTURE CAPITAL CORPORATION
Douglas L. Mason, President
Suite 450 - 999 West Hastings Street
Vancouver, BC  V6C 2W2
Phone: (604) 688-2280