StockGuru Shines its Spotlight on First Corporation (OTCBB: FSTC) with Activity Reported on Interest in Gecko and Letter of Intent for Acquisition of 10% Equity in Gecko – July 18, 2011

StockGuru Shines its Spotlight on First Corporation (OTCBB: FSTC) with Activity Reported on Interest in Gecko and Letter of Intent for Acquisition of 10% Equity in Gecko – July 18, 2011

Dallas, Texas (July 18 , 2011) – StockGuru shines its Spotlight on First Corporation (OTCBB: FSTC).  The company announced an interim technology report from the IT team at Private Trading Systems confirms Gecko Landmarks Ltd. has developed specialized software enabling landmark acquisition. According to the report, Gecko has developed a software tool, AtLAS (Advanced Landmark Acquisition System), which enables the landmark acquisition process to be carried out reliably without having to visit the location. AtLAS, the key software asset of Gecko, was developed in-house, appears to be unique, and is the enabling tool for the rapid acquisition and production of quality landmark data.  On July 15, 2011, the company closed at $0.55 trading on volume of roughly 14,000 shares in the middle of its fifty-two week range of $0.18 to $1.09.

Gecko also expects to offer Gecko SMS, an SMS editor which automatically adds landmark information to text messages. Currently at an advanced stage of development, Gecko SMS is a mobile phone proof-of-concept application that demonstrates landmark usage in a practical fashion.

The interim report provisionally concludes:

  • Gecko seemingly has the only worldwide landmark database that is fit for the purpose
  • The mammoth task of building an accurate landmark database for the world might be unachievable without Gecko’s AtLAS advanced landmark acquisition system enabling fast and accurate gathering of landmark data
  • Being the sole owner of AtLAS, Gecko restricts access creating a unique competitive advantage

First Corporation recently announced a Letter of Intent to acquire an initial 10% equity interest in Gecko. The Company commissioned the specialist IT department of PTS to report on Gecko’s software as part of the due diligence process. First Corporation management awaits finalization of the report from Private Trading Systems. With the gathering of additional due diligence information, the Company intends to conclude the transaction with Gecko as soon as possible thereafter, subject to regulatory requirements.

About First Corporation

First Corporation was incorporated under the laws of the State of Colorado on December 27, 1995. The Company’s activities to date have been limited to organization and capital formation.

Forward-Looking Statement

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company’s contracts, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.

To view the StockGuru Spotlight on OTCBB: FSTC, please visit: http://www.stockguru.com/category/latest-spotlights/

To get free alerts on this and other similar stocks, please register here:

http://www.stockguru.com/?page_id=250

What is the StockGuru Spotlight?

Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.

StockGuru looks for potential break-out candidates in The StockGuru Spotlight.  Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage.  There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below.   StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.

To feature a company in The StockGuru Spotlight please contact the Publisher at publisher@stockguru.com.  If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile.  Please contact the StockGuru Publisher John Pentony at this email address:  john@stockguru.com.

Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions.  SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage.  When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present.  Additionally SG also discloses any anticipated compensation in the future.  Compensation is typically in cash.  Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.

John Pentony, Publisher, Stockguru.com

Tel: +1 469 252 3031

e-mail: john@stockguru.com