First Capital Int'l, Inc., Reports a 250% Increase in Revenues in the Year 2000

Apr 19, 2001, 01:00 ET from First Capital International, Inc.

    HOUSTON, April 19 /PRNewswire/ -- First Capital International, Inc.,
 (OTC Bulletin Board:   FCAI.OB; Berlin Stock Exchange: FCAI.BE; NEWEX Exchange:
 FCAI.EX), an International Telecommunications Company (www.FirstCap.net),
 achieved an approximately 250% increase in revenues in calendar year 2000 to
 $643,250 compared to $185,432 a year earlier.
     The Company also reported a nearly 50% reduction in losses from
 $1,141,821.00 to $587,475 in the year 2000.  Shareholder's Equity rose to
 $772,849, as opposed to $21,778 in 1999.
     "These figures indicate that the Company is moving in the right direction.
 We are hopeful that we will be profitable in the immediate future," said Alex
 Genin - President of First Capital International, Inc.  Mr. Genin further
 stated that, "With the Company's aggressive acquisition program in Eastern
 Europe we will be in a strong position to show substantial market growth in
 the Telecommunications/Data transmission sector in Eastern Europe over the
 next 24 months."
 
     About First Capital International, Inc.
     First Capital International, Inc., www.firstcap.net, is a rapidly
 expanding international telecommunications company with its headquarters in
 Houston, Texas.  The Company is building and expanding its ISP/VoIP
 infrastructure in the Central and Eastern European Markets.  In addition to
 existing ISP/data management subsidiaries in the Baltic Region, the Company
 recently acquired a controlling interest in TGK-LINK (www.TGK-link.com), an
 Estonian VoIP Provider and is actively looking for other acquisitions in the
 Region, as well as, telecommunication acquisitions in Lithuania and in Russia.
 First Capital seeks to also expand its infrastructure through cross marketing
 and through the implementation of new technologies.
 
     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.
 
      For Additional Information, please contact:
      First Capital International, Inc.
      5120 Woodway Drive, Suite 9004
      Houston, Texas 77056
      Tel. (713) 629-4866
      Fax (713) 629-4913
      investor@firstcap.net
      www.firstcap.net
      Contact:  Alex Genin - President
 
 

SOURCE First Capital International, Inc.
    HOUSTON, April 19 /PRNewswire/ -- First Capital International, Inc.,
 (OTC Bulletin Board:   FCAI.OB; Berlin Stock Exchange: FCAI.BE; NEWEX Exchange:
 FCAI.EX), an International Telecommunications Company (www.FirstCap.net),
 achieved an approximately 250% increase in revenues in calendar year 2000 to
 $643,250 compared to $185,432 a year earlier.
     The Company also reported a nearly 50% reduction in losses from
 $1,141,821.00 to $587,475 in the year 2000.  Shareholder's Equity rose to
 $772,849, as opposed to $21,778 in 1999.
     "These figures indicate that the Company is moving in the right direction.
 We are hopeful that we will be profitable in the immediate future," said Alex
 Genin - President of First Capital International, Inc.  Mr. Genin further
 stated that, "With the Company's aggressive acquisition program in Eastern
 Europe we will be in a strong position to show substantial market growth in
 the Telecommunications/Data transmission sector in Eastern Europe over the
 next 24 months."
 
     About First Capital International, Inc.
     First Capital International, Inc., www.firstcap.net, is a rapidly
 expanding international telecommunications company with its headquarters in
 Houston, Texas.  The Company is building and expanding its ISP/VoIP
 infrastructure in the Central and Eastern European Markets.  In addition to
 existing ISP/data management subsidiaries in the Baltic Region, the Company
 recently acquired a controlling interest in TGK-LINK (www.TGK-link.com), an
 Estonian VoIP Provider and is actively looking for other acquisitions in the
 Region, as well as, telecommunication acquisitions in Lithuania and in Russia.
 First Capital seeks to also expand its infrastructure through cross marketing
 and through the implementation of new technologies.
 
     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.
 
      For Additional Information, please contact:
      First Capital International, Inc.
      5120 Woodway Drive, Suite 9004
      Houston, Texas 77056
      Tel. (713) 629-4866
      Fax (713) 629-4913
      investor@firstcap.net
      www.firstcap.net
      Contact:  Alex Genin - President
 
 SOURCE  First Capital International, Inc.