U.S. SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                           FORM 10-KSB

[X] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934

For the fiscal year ended December 31, 2004    Commission File No. 333-83125

[  ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

     For the transition period from           to           .

                   FIRST GROWTH INVESTORS, INC.
          (Name of small business issuer in its charter)

      Nevada                                    87-0569467
State or other jurisdiction of               (I.R.S. Employer
     incorporation or organization           Identification No.)

         2508 South 1300 East, Salt Lake City, Utah 84106
       (Address of principal executive offices)  (zip code)

Issuer's telephone number, including area code:  (801) 466-7808


  (Former name or former address, if changed since last report.)

Securities registered under Section 12(b) of the Exchange Act:  None
Securities registered under Section 12(g) of the Act:  None

Check whether the Issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the Issuer was required
to file such reports) and (2) has been subject to such filing requirements for
the past 90 days.                           Yes   X      No

Check if no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is contained in this form, and no disclosure will be contained,
to the best of the Issuer's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. (Not applicable)             [   ]

The Issuer's revenues for its most recent fiscal year.  $   -0-

As of February 3, 2005, the aggregate market value of voting stock held by
non-affiliates was approximately $75,000.

The number of shares outstanding of the Issuer's common stock at December 31,
2004: 2,000,000

<PAGE>
<PAGE>

<PAGE>
                              PART I

ITEM 1.        DESCRIPTION OF BUSINESS

       (A)  BUSINESS DEVELOPMENT.

     First Growth Investors, Inc. (the "Company") was incorporated under the
laws of the State of Nevada on September 9, 1997.  In connection with the
organization, the founders contributed $5,050 cash to initially capitalize
First Growth Investors in exchange for 1,750,000 shares of common stock.

     On October 15, 1997, First Growth Investors commenced a public offering
of up to 250,000 shares of its common stock, in reliance upon Rule 504 of
Regulation D, promulgated by the U.S. Securities & Exchange Commission under
the Securities Act of 1933.  The offering closed in November, 1997.  The
Company sold 250,000 shares of common stock, at $.20 per share, and raised
gross proceeds of $50,000 increasing the total issued and outstanding common
stock to 2,000,000 shares.

     The Company then registered a public offering of its securities.  First
Growth Investors declared a distribution of 1,000,000 common stock purchase
warrants to shareholders of record as of September 30, 1999.  The Company
filed with the Securities and Exchange Commission a registration statement on
Form SB-2, Commission File No. 333-83125, which became effective October 8,
1999.  Pursuant thereto the Company then distributed 1,000,000 warrants.  The
warrants were exercisable at $1.00 per share, on or before June 30, 2002. The
warrants have now expired, and no securities were ever sold pursuant to the
offering.

       (B)  BUSINESS OF COMPANY.

     First Growth Investors was formed to take advantage of what management
believed was a money making opportunity that could be realized through buying,
selling and investing in select vintages of wines.  The philosophy was simple;
buy California's and France's premier red wines when first released and hold
them for investment, appreciation and later resale, then sell the wines after
a 12 to 24 month period.  It was anticipated, but not assured, that the
appreciation of the wines would be greatest within this period.  The Company
would then take any proceeds from investment, roll it over, and reinvest in
the next release of the wines.  While the initial purchase of wines, an
investment costing about $50,000, was subsequently sold for an amount which
generated a gross profit in excess of $20,000, the Company did not continue to
be successful in this venture.  This business was not successful, and
operations were eventually discontinued.  The Company is not presently engaged
in any significant business activities and has no operations. Presently the
Company's principal activity has been to investigate potential acquisitions.
There is no assurance the Company could become involved with any business
venture, especially any business venture requiring significant capital.

<PAGE>
     The Company is currently negotiating a potential acquisition.  The
potential acquisition will be subject to certain conditions precedent and no
assurance can be given that the potential acquisition will be completed. If
the potential acquisition is completed it will involve a change in management
and shareholder control of the company.

ITEM 2.        PROPERTIES

     First Growth Investors has no office facilities and does not presently
anticipate the need to lease commercial office space or facilities. For now
the President's address is being used as the business address.  The Company
may lease commercial office facilities in the future at such time as
operations have developed to the point where the facilities are needed, but
has no commitments or arrangements for any facilities. There is no assurance
regarding the future availability of commercial office facilities or terms on
which the Company may be able to lease facilities in the future, nor any
assurance regarding the length of time the present arrangement may continue.

ITEM 3.        LEGAL PROCEEDINGS.

     The Company is not a party to any material pending legal proceedings
and, to the best of its knowledge, no action has been threatened by or against
the Company.

ITEM 4.        SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

     No matter was submitted to a vote of security holders through the
solicitation of proxies or otherwise during the fourth quarter of the fiscal
year covered by this report.

                             PART II

ITEM 5.        MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

       (A)  MARKET INFORMATION.

     The Company's initial public offering closed November, 1997.  The Common
Stock of the Company did not begin until October, 1998 to be quoted on the
Electronic Bulletin Board maintained by the National Association of Securities
Dealers, Inc. The common stock is quoted under the symbol FGIV, but has not
been traded in the over-the-counter market except on a very limited and
sporadic basis. The following sets forth high and low bid price quotations for
each calendar quarter during the last two fiscal years that trading occurred
or quotations were available. Such quotations reflect inter-dealer prices,
without retail mark-up, mark-down or commission and may not represent actual
transactions.

<PAGE>
     Quarter Ended                 High                     Low
     March 31, 2003                $ .25                    $ .25
     June 30, 2003                 $ .25                    $ .25
     September 30, 2003            $ .25                    $ .25
     December 31, 2003             $ .25                    $ .25

     March 31, 2004                $ .40                    $ .30
     June 30, 2004                 $ .40                    $ .40
     September 30, 2004            $ .40                    $ .25
     December 31, 2004             $ .30                    $ .30

       (B)  HOLDERS.

     As of March 9, 2005, there were about 30 record holders of the Common
Stock.

       (C)  DIVIDENDS.

     First Growth Investors has not previously paid any cash dividends on
common stock and does not anticipate or contemplate paying dividends on common
stock in the foreseeable future.  Management's present intention is to utilize
all available funds for the development of the business.  The only
restrictions that limit the ability to pay dividends on common equity or that
are likely to do so in the future, are those restrictions imposed by law.
Under Nevada corporate law, no dividends or other distributions may be made
which would render a company insolvent or reduce assets to less than the sum
of liabilities plus the amount needed to satisfy outstanding liquidation
preferences.

ITEM 6.        MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
        PLAN OF OPERATIONS.

     The Company is not presently engaged in any business activities and has
no operations,  income producing assets or significant operating capital.
Management's plan of operation for the next twelve months is to continue to
receive shareholder advances as necessary to provide general working capital
to (i) handle the administrative and reporting requirements of a public
company, and (ii) search for potential businesses, products, technologies and
companies for acquisition. Presently the Company's principal activity has been
to investigate potential acquisitions. At this time, we have no significant
operating capital and do not know how long it will be necessary to fund
necessary expenditures from shareholder advances, of which there is no
assurance. There is also no assurance the Company could become involved with
any business venture, especially any business venture requiring significant
capital. We cannot anticipate what, if any, capital commitments for product
research and development or significant purchases of plant or equipment, or
change in the number of employees there may be, prior to completing a suitable
business acquisition.  At December 31, 2004, indebtedness of the Company to
certain shareholders in the amount of $26,673 was forgiven and contributed to
capital.

<PAGE>
     The accompanying financial statements have been prepared in conformity
with generally accepted accounting principles, which contemplate continuation
of the Company as a going concern. However, the Company has incurred losses
since its inception.  These factors raise substantial doubt about the ability
of the Company to continue as a going concern. In this regard, management is
proposing to raise any necessary additional funds not provided by operations
through loans and/or through additional sales of its common stock.  Management
plans to maintain its filings and curtail operations and activities to keep it
in existence. This may require additional advances from stockholders to pay
accounting and legal fees associated with its filings. There is no assurance
that the Company will be successful in raising this additional capital or in
achieving profitable operations. The financial statements do not include any
adjustments that might result from the outcome of these uncertainties.

ITEM 7.        FINANCIAL STATEMENTS.

       See attached Financial Statements and Schedules.

ITEM 8.        CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
               ACCOUNTING AND FINANCIAL DISCLOSURE.

     There are not and have not been any disagreements between the Company
and their accountants on any matter of accounting principles or practices or
financial statement disclosure.

ITEM 8A.       CONTROLS AND PROCEDURES.

     The issuer's principal executive officer or officers and principal
financial officer or officers, or persons performing similar functions, are
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the issuer and have:

     designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under their supervision,  to
ensure that material information relating to the issuer, including its
consolidated subsidiaries, is made known to them by others within those
entities, particularly during the period in which the periodic reports are
being prepared;

     designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under their
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;

     evaluated the effectiveness of the issuer's disclosure controls and
procedures as of the end of the fiscal year (the "Evaluation Date").

<PAGE>
     Based on their evaluation as of the Evaluation Date, their conclusions
about the effectiveness of the disclosure controls and procedures were that
nothing indicated:

     any significant deficiencies in the design or operation of internal
controls which could adversely affect the issuer's ability to record, process,
summarize and report financial data;

     any fraud, whether or not material, that involves management or other
employees who have a significant role in the issuer's internal controls; or

     any material weaknesses in internal controls that have been or should be
identified for the issuer's auditors and disclosed to the issuer's auditors
and the audit committee of the board of directors (or persons fulfilling the
equivalent function).

     Changes in internal control over financial reporting. There was no
significant change in the issuer's internal control over financial reporting
that occurred during the most recent fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the issuer's internal
control over financial reporting.

                             PART III

ITEM 9.        DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
               COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

       (A)  IDENTIFY DIRECTORS AND EXECUTIVE OFFICERS.

     The following table sets forth the sole director and executive officer
of the Company, her age, and all offices and positions with the Company.  A
director is elected for a period of one year and thereafter serves until her
successor is duly elected by the stockholders and qualifies.  Officers and
other employees serve at the will of the Board of Directors.



<TABLE>
<S>                                  <C>                 <C>
                                     Term Served As       Positions
Name of DirectorAge                  Director/Officer    With Company

Pam Jowett51                         Since inception     President & Secretary/Treasurer

</TABLE>


     A brief description of her background and business experience is as
follows:

     Pam Jowett  serves as President, Secretary/Treasurer and Director of the
Company.  Ms. Jowett has been self employed for many years as a nail
technician in the beauty industry.  Ms. Jowett also serves as President and
Director of Fashion Tech International, Inc. another company subject to the
reporting requirements of the Securities Exchange Act of 1934.

<PAGE>
     The director holds no other directorships in any company subject to the
reporting requirements of the Securities Exchange Act of 1934.

       (B)  IDENTIFY SIGNIFICANT EMPLOYEES.

       None other than the person previously identified.

       (C)  FAMILY RELATIONSHIPS.

       None

       (D)  INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS.

     Except as described herein, no present officer or director of the
Company; 1) has had any petition filed, within the past five years, in Federal
Bankruptcy or state insolvency proceedings on such person's behalf or on
behalf of any entity of which such person was an officer or general partner
within two years of filing; or 2) has been convicted in a criminal proceeding
within the past five years or is currently a named subject of a pending
criminal proceeding; or 3) has been the subject, within the past five years,
of any order, judgment, decree or finding (not subsequently reversed,
suspended or vacated) of any court or regulatory authority involving violation
of securities or commodities laws, or barring, suspending, enjoining or
limiting any activity relating to securities, commodities or other business
practice.

       (E)  AUDIT COMMITTEE FINANCIAL EXPERT.  The issuer does not have an
audit committee financial expert serving on its audit committee, due to lack
of funds. The Company is not presently engaged in any significant business
activities and has no operations or assets.

       COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.  Section 16(a) is
inapplicable.

       CODE OF ETHICS. The issuer has adopted a code of ethics that applies
to the issuer's principal executive officer, principal financial officer,
principal accounting officer or controller, or persons performing similar
functions. For purposes of this Item, the term code of ethics means written
standards that are reasonably designed to deter wrongdoing and to promote:
Honest and ethical conduct, including the ethical handling of actual or
apparent conflicts of interest between personal and professional
relationships; Full, fair, accurate, timely, and understandable disclosure in
reports and documents that the issuer files with, or submits to, the
Commission and in other public communications made by the issuer; Compliance
with applicable governmental laws, rules and regulations;  The prompt internal
reporting of violations of the code to the board of directors or another
appropriate person or persons; and Accountability for adherence to the code.
The issuer hereby undertakes to provide to any person without charge, upon
request, a copy of such code of ethics. Such request may be made in writing to
the board of directors at the address of the issuer.

<PAGE>
ITEM 10.       EXECUTIVE COMPENSATION.

     The Company has not paid any cash compensation to its executive officer
to date.

COMPENSATION OF DIRECTORS     None

EMPLOYMENT CONTRACTS AND TERMINATION OF EMPLOYMENT AND CHANGE-IN-CONTROL
ARRANGEMENTS

     The Company has not entered into any contracts or arrangements with any
named executive officer which would provide such individual with a form of
compensation resulting from such individual's resignation, retirement or any
other termination of such executive officer's employment with the Company or
its subsidiary, or from a change-in-control of the Company or a change in the
named executive officer's responsibilities following a change-in-control.

ITEM 11.       SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     The following table contains stock ownership information about officers
or directors, and other stockholders who we know to be beneficial owners of
more that 5% of our stock. A beneficial owner of stock is any person who has
or shares the power to decide how to vote or whether to dispose of the stock.


<TABLE>
<S>                              <C>            <C>                       <C>
                                 Title of       Amount & Nature of        % of Class
Name and Address                  Class         Beneficial Ownership
                                                                            79%
Pam Jowett                        Common        1,575,000 shares
2508 S. 1300 E.
SLC, UT 84106
                                                                             9%
Lynn Dixon                        Common          175,000 shares
311 S. State, #460
SLC, UT 84111
                                                                            79%
All officers and directors as a   Common        1,575,000 shares
group (1 person)
</TABLE>

     The foregoing amounts include all shares these persons are deemed to
beneficially own regardless of the form of ownership.

     The Company is negotiating a potential acquisition as referred to in
item 1 of this Form 10-KSB. In the event of completion of an acquisition, it
is the intent of Ms. Jowett to sell a substantial portion of her shares of the
Company's stock at or about the time of closing the acquisition at prices
which may be less than prices quoted in the OTC market place, if any. There is
no written agreement with respect to such sales.

<PAGE>
CHANGES IN CONTROL

     Pam Jowett has granted options, exercisable within six months from March
4, 2005, which allow certain persons the right to purchase up to 1,500,000
shares of her common stock at a price of $.02 per share.  The optionees are
set forth as follows:


<TABLE>
<S>                                  <C>                       <C>
Name (1)                             Shares                    % of outstanding Stock (2)


McCrae Associates LLC                832,500                   41.625%
Elizabeth M. Funk
196 Fern Avenue
Litchfield, CT. 06759


Devonshire Partners, LLC             416,250                   20.8125%
Thomas G. Kimble
311 So State Street #440
Salt Lake City , Utah 84111


Lynn Dixon                           241,250 (3)               12.0625%
311 So State Street #460
Salt Lake City , Utah 84111


Van L. Butler                         10,000                     .5%
311 So State Street #440
Salt Lake City, Utah 84111
</TABLE>


(1)  The individual person shown with respect to any entity listed above has
been represented to the Issuer as the sole beneficial owner of said entity.

(2)  This assumes the exercise of the entire option and is based on 2,000,000
shares outstanding .

(3)  Does not include an additional 175,000 shares owned by Mr. Dixon.


ITEM 12.       CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     The Company has entered into certain transactions with officers,
directors or affiliates of the Company which include the following:

     In connection with the organization, initial stockholders paid an
aggregate of $5,050 cash to purchase 1,750,000 shares of Common Stock at a
price of $.0029 per share.

<PAGE>
     Except as disclosed in this item, in notes to the financial statements
or elsewhere in this report, the Company is not aware of any indebtedness or
other transaction in which the amount involved exceeds $60,000 between the
Company and any officer, director, nominee for director, or 5% or greater
beneficial owner of the Company or an immediate family member of such person;
nor any relationship in which a director or nominee for director of the
Company was also an officer, director, nominee for director, greater than 10%
equity owner, partner, or member of any firm or other entity which received
from or paid the Company, for property or services, amounts exceeding 5% of
the gross annual revenues or total assets of the Company or such other firm or
entity.

ITEM 13.       EXHIBITS.

     Exhibits to this report are all documents previously filed which are
incorporated herein as exhibits to this report by reference to registration
statements and other reports previously filed by the Company pursuant to the
Securities Act of 1933 and the Securities Exchange Act of 1934.

     Exhibits required by Item 601 of Regulation S-B.

          31. Certifications required by Rules 13a-14(a) or 15d-14(a).

          32. Section 1350 Certifications

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

(1) AUDIT FEES
     The aggregate fees billed for each of the last two fiscal years for
professional services rendered by the principal accountant for the audit of
the Company's annual financial statements and review of financial statements
included in the Company's Form 10-Q (17 CFR 249.308a) or 10-QSB (17 CFR
249.308b) or services that are normally provided by the accountant in
connection with statutory and regulatory filings or engagements for those
fiscal years was $3,580 for the fiscal year ended December 31, 2003, and
$4,340 for the fiscal year ended December 31, 2004 .

(2) AUDIT-RELATED FEES
     The aggregate fees billed in each of the last two fiscal years for
assurance and related services by the principal accountant that are reasonably
related to the performance of the audit or review of the Company's financial
statements was $-0- for the fiscal year ended December 31, 2003, and $-0- for
the fiscal year ended December 31, 2004 .

(3) TAX FEES
     The aggregate fees billed in each of the last two fiscal years for
professional services rendered by the principal accountant for tax compliance,
tax advice, and tax planning was $-0-  for the fiscal year ended December 31,
2003, and $-0-  for the fiscal year ended December 31, 2004 .

(4) ALL OTHER FEES
     The aggregate fees billed in each of the last two fiscal years for
products and services provided by the principal accountant, other than the
services reported above was $-0- for the fiscal year ended December 31, 2003,
and $-0- for the fiscal year ended December 31, 2004 .

(5) PRE-APPROVAL POLICIES AND PROCEDURES
     Before the accountant is engaged by the issuer to render audit or non-
audit services, the engagement is approved by the company's board of directors
acting as the audit committee.

<PAGE>











                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                           FINANCIAL STATEMENTS

                             DECEMBER 31, 2004























<PAGE>

                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]




                                 CONTENTS

                                                          PAGE

        -  Report of Independent Registered Public
             Accounting Firm                                 1


        -  Balance Sheet, December 31, 2004                  2


        -  Statements of Operations, for the years
             ended December 31, 2004 and 2003 and
             from inception on September 9, 1997
             through December 31, 2004                       3

        -  Statement of Stockholders' Equity (Deficit),
             from inception on September 9, 1997
             through December 31, 2004                   4 - 5

        -  Statements of Cash Flows, for the years
             ended December 31, 2004 and 2003
             and from inception on September 9, 1997
             through December 31, 2004                       6


        -  Notes to Financial Statements                7 - 11


<PAGE>










REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



Board of Directors
FIRST GROWTH INVESTORS, INC.
Salt Lake City, Utah

 We have audited the accompanying balance sheet of First Growth Investors, Inc.
 [a development stage company] at December 31, 2004, and the related statements
 of operations, stockholders' equity (deficit) and cash flows for the years
 ended December 31, 2004 and 2003 and for the period from inception on
 September 9, 1997 through December 31, 2004.  These financial statements are
 the responsibility of the Company's management.  Our responsibility is to
 express an opinion on these financial statements based on our audit.

 We conducted our audit in accordance with the standards of the Public Company
 Accounting Oversight Board (United States).  Those standards require that we
 plan and perform the audit to obtain reasonable assurance about whether the
 financial statements are free of material misstatement.  An audit includes
 examining, on a test basis, evidence supporting the amounts and disclosures
 in the financial statements.  An audit also includes assessing the accounting
 principles used and significant estimates made by management, as well as
 evaluating the overall financial statement presentation.  We believe that our
 audit provides a reasonable basis for our opinion.

 In our opinion, the financial statements audited by us present fairly, in all
 material respects, the financial position of First Growth Investors, Inc. as
 of December 31, 2004, and the results of its operations and its cash flows
 for the years ended December 31, 2004 and 2003 and for the period from
 inception on September 9, 1997 through December 31, 2004, in conformity with
 accounting principles generally accepted in the United States of America.

 The accompanying financial statements have been prepared assuming the Company
 will continue as a going concern.  As discussed in Note 5 to the financial
 statements, the Company has incurred losses since its inception and has
 current liabilities in excess of current assets.  These factors raise
 substantial doubt about the ability of the Company to continue as a going
 concern.  Management?s plans in regards to these matters are also described
 in Note 5.  The financial statements do not include any adjustments that
 might result from the outcome of these uncertainties.



PRITCHETT, SILER, & HARDY, P.C.

February 8, 2005
Salt Lake City, Utah



<PAGE>



                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                               BALANCE SHEET


                                  ASSETS


                                                      December 31,
                                                          2004
                                                      ___________
CURRENT ASSETS:
  Cash in trust                                       $     1,403
                                                      ___________
        Total Current Assets                                1,403
                                                      ___________
                                                      $     1,403
                                                      ___________


              LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES:
  Accounts payable                                    $     1,820
                                                      ___________
        Total Current Liabilities                           1,820
                                                      ___________

STOCKHOLDERS' EQUITY (DEFICIT):
  Preferred stock, $.001 par value,
   1,000,000 shares authorized,
   no shares issued and outstanding                             -
  Common stock, $.001 par value,
   24,000,000 shares authorized,
   2,000,000 shares issued and
   outstanding                                              2,000
  Capital in excess of par value                           74,035
  Deficit accumulated during the
   development stage                                      (76,452)
                                                      ___________
        Total Stockholders' Equity (Deficit)                 (417)
                                                      ___________
                                                      $     1,403
                                                      ___________







 The accompanying notes are an integral part of this financial statement.

                                   -2-

<PAGE>


                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                         STATEMENTS OF OPERATIONS

                                          For the         From Inception
                                        Year Ended        on September 9,
                                       December 31,       1997, Through
                                  ______________________   December 31,
                                     2004        2003          2004
                                  __________  __________  ______________
REVENUE                           $        -  $        -  $            -

EXPENSES:
  General and administrative           6,980       6,655          13,635
                                  __________  __________  ______________

LOSS BEFORE OTHER INCOME
 (EXPENSE)                            (6,980)     (6,655)        (13,635)
                                  __________  __________  ______________

OTHER INCOME (EXPENSE):
  Interest Expense                    (1,650)     (1,649)         (7,561)
                                  __________  __________  ______________

LOSS BEFORE INCOME TAXES              (8,630)     (8,304)        (21,196)

CURRENT TAX EXPENSE                        -           -               -

DEFERRED TAX EXPENSE                       -           -               -
                                  __________  __________  ______________
LOSS FROM CONTINUING
OPERATIONS                            (8,630)     (8,304)        (21,196)
                                  __________  __________  ______________
DISCONTINUED OPERATIONS:
  Loss from operations of
    discontinued wine investment
    business (net of $0 in
    income taxes)                          -           -         (54,506)
  Gain (loss) on disposal of
    discontinued wine investment
    business operations (net
    of $0 in income taxes                  -           -               -
                                  __________  __________  ______________
LOSS FROM DISCONTINUED
OPERATIONS                                 -           -         (54,506)
                                  __________  __________  ______________
CUMULATIVE EFFECT OF CHANGE
 IN ACCOUNTING PRINCIPLE                   -           -            (750)
                                  __________  __________  ______________
NET LOSS                          $   (8,630) $   (8,304) $      (76,452)
                                  __________  __________  ______________
LOSS PER COMMON SHARE:
  Continuing operations                 (.00)       (.00)           (.01)
  Discontinued operations                  -           -            (.03)
  Gain (loss) on disposal of
     discontinued operations               -           -               -


Cumulative effect of change in
     accounting principle                  -           -            (.00)
                                  __________  __________  ______________
  Net Loss Per Common Share       $     (.00) $     (.00) $         (.04)
                                  __________  __________  ______________

The accompanying notes are an integral part of these financial statements.

                                    -3-

<PAGE>


                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

              FROM THE DATE OF INCEPTION ON SEPTEMBER 9, 1997

                         THROUGH DECEMBER 31, 2004


                                                                    Deficit
                                                                  Accumulated
                     Preferred Stock    Common Stock   Capital in During the
                    ________________ __________________ Excess of Development
                     Shares  Amount   Shares    Amount  Par Value    Stage
                    _______ ________ _________ ________ _________ ___________
BALANCE, September
 9, 1997                  - $      -         - $      - $       - $         -

Shares issued to
 initial stockholders
 for cash, September
 18, 1997 at
 approximately $.0029
 per share                -        - 1,750,000    1,750     3,300           -

Shares issued upon
 completion of
 offering of stock
 to the public at
 $.20 per share,
 November 1997            -        -   250,000      250    49,750           -

Direct costs of the
 offering of common
 stock to the public      -        -         -        -    (5,688)          -

Net income (loss)
 from September 9,
 1997 (inception) to
 December 31, 1997        -        -         -        -         -      (2,350)
                    _______ ________ _________ ________ _________ ___________
BALANCE, December
 31, 1997                 -        - 2,000,000    2,000    47,362      (2,350)

Net loss for the
 year ended December
 31, 1998                 -        -         -        -         -      (1,440)
                    _______ ________ _________ ________ _________ ___________
BALANCE, December
 31, 1998                 -        - 2,000,000    2,000    47,362      (3,790)

Net loss for the
 year ended December
 31, 1999                 -        -         -        -         -      14,032
                    _______ ________ _________ ________ _________ ___________
BALANCE, December
 31, 1999                 -        - 2,000,000    2,000    47,362      10,242

Net loss for the
 year ended December
 31, 2000                 -        -         -        -         -      (5,315)
                    _______ ________ _________ ________ _________ ___________
BALANCE, December
 31, 2000                 -        - 2,000,000    2,000    47,362       4,927

Net loss for the
 year ended December
 31, 2001                 -        -         -        -         -     (20,816)
                    _______ ________ _________ ________ _________ ___________
BALANCE, December
 31, 2001                 -        - 2,000,000    2,000    47,362     (15,889)

Net loss for the
 year ended December
 31, 2002                 -        -         -        -         -     (43,629)
                    _______ ________ _________ ________ _________ ___________
BALANCE, December
 31, 2002                 -        - 2,000,000    2,000    47,362     (59,518)



                                [Continued]

                                    -4-

<PAGE>



                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

              FROM THE DATE OF INCEPTION ON SEPTEMBER 9, 1997

                         THROUGH DECEMBER 31, 2004

                                [Continued]


                                                                    Deficit
                                                                  Accumulated
                     Preferred Stock    Common Stock   Capital in During the
                    ________________ __________________ Excess of Development
                     Shares  Amount   Shares    Amount  Par Value    Stage
                    _______ ________ _________ ________ _________ ___________
Net loss for the
 year ended December
 31, 2003                 -        -         -        -         -      (8,304)
                    _______ ________ _________ ________ _________ ___________
BALANCE, December
 31, 2003                 - $      - 2,000,000 $  2,000 $  47,362 $   (67,822)

Debt forgiven by
 shareholders
 Accounted for as
 contribution to
 Capital                  -        -         -        -    26,673           -

Net loss for the
 year ended December
 31, 2004                 -        -         -        -         -      (8,630)
                    _______ ________ _________ ________ _________ ___________
BALANCE, December
 31, 2004                 - $      - 2,000,000 $  2,000 $  74,035 $   (76,452)
                    _______ ________ _________ ________ _________ ___________












 The accompanying notes are an integral part of this financial statement.

                                   -5-

<PAGE>


                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                         STATEMENTS OF CASH FLOWS


                                            For the         From Inception
                                          Year Ended        on September 9,
                                          December 31,       1997, Through
                                     _____________________   December 31,
                                        2004        2003         2004
                                     __________  _________  ______________
Cash Flows From Operating
 Activities:
  Net loss                           $   (8,630) $  (8,304) $      (76,452)
  Adjustments to reconcile net loss
   to net cash used by operating
   activities:
    Amortization expense                      -          -             250
    Effect of change in accounting
     principle                                -          -             750
    Change in assets and
     liabilities:
      Decrease in inventory                   -          -               -
      Increase in accrued interest
       - related party                    1,650      1,649           6,378
      Increase in accounts payable        1,035        785           1,820
                                     __________  _________  ______________
        Net Cash Provided (Used) by
        Operating Activities            (5,945)    (5,870)        (67,254)
                                     __________  _________  ______________
Cash Flows From Investing Activities:
  Payment of organization costs               -          -          (1,000)
                                     __________  _________  ______________
        Net Cash (Used) by
          Investing Activities                -          -          (1,000)
                                     __________  _________  ______________
Cash Flows From Financing Activities:
  Proceeds from advances from
    shareholders                          3,845          -          20,295
  Proceeds from common stock
    issuance                                  -          -          55,050
  Stock offering costs                        -          -          (5,688)
  Proceeds from short-term loan
    and advance                               -          -          27,350
  Payments on short-term loan and
    advance                                   -          -         (27,350)
                                     __________  _________  ______________
        Net Cash Provided by
          Financing Activities            3,845          -          69,657
                                    __________  _________  ______________
Net Increase (Decrease) in Cash          (2,100)    (5,870)          1,403

Cash at Beginning of Period               3,503      9,373               -
                                     __________  _________  ______________
Cash at End of Period                $    1,403  $   3,503  $        1,403
                                     __________  _________  ______________

Supplemental Disclosures of Cash
 Flow Information:
  Cash paid during the periods for:
    Interest                         $        -  $       -  $          994
    Income taxes                     $        -  $       -  $        1,905

Supplemental Schedule of Noncash Investing and Financing Activities:
  For the year ended December 31, 2004:
      Shareholders  and  an  entity related to a shareholder  forgave  debts
totaling $26,672.
     Due  to the related party nature of the debt, the Company recorded  the
     forgiveness as a contribution to Capital.

  For the year ended December 31, 2003:
     None






The accompanying notes are an integral part of these financial statements.

                                   -6-

<PAGE>


                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization - First Growth Investors, Inc. ("the Company") was  organized
  under  the laws of the State of Nevada on September 9, 1997.  The  Company
  previously bought and sold investments in wine and champagne.  The Company
  is  currently  seeking  a possible merger with or acquisition  of  another
  company.   The  Company  has  not generated significant  revenues  and  is
  considered  a  development  stage  company  as  defined  in  Statement  of
  Financial  Accounting Standards No. 7.  The Company has,  at  the  present
  time,  not  paid any dividends and any dividends that may be paid  in  the
  future  will  depend upon the financial requirements of  the  Company  and
  other relevant factors.

  Cash  and Cash Equivalents - The Company considers all highly liquid  debt
  investments purchased with a maturity of three months or less to  be  cash
  equivalents.

  Inventory - Inventory is carried at the lower of cost or market using  the
  first-in, first-out (FIFO) method.

  Revenue  Recognition  -  The Company recognizes revenue  from  sales  upon
  delivery of the product.

  Income  Taxes  - The Company accounts for income taxes in accordance  with
  Statement  of  Financial  Accounting Standards No.  109,  "Accounting  for
  Income  Taxes."   This statement requires an asset and liability  approach
  for accounting for income taxes.

  Loss  Per  Share - The Company computes loss per share in accordance  with
  Statement of Financial Accounting Standards No. 128 "Earnings Per  Share,"
  which  requires the Company to present basic and dilutive loss  per  share
  when the effect is dilutive [See Note 6].

  Accounting  Estimates  -  The  preparation  of  financial  statements   in
  conformity  with generally accepted accounting principles  in  the  United
  States  of  America requires management to make estimates and  assumptions
  that   affect  the  reported  amounts  of  assets  and  liabilities,   the
  disclosures  of  contingent assets and liabilities  at  the  date  of  the
  financial  statements, and the reported amounts of revenues  and  expenses
  during  the  reporting  period.  Actual results could  differ  from  those
  estimated by management.

  Recently Enacted Accounting Standards - Statements of Financial Accounting
  Standards ("SFAS") No. 151, "Inventory Costs - an amendment of ARB No. 43,
  Chapter  4",  SFAS  No.  152,  "Accounting for  Real  Estate  Time-Sharing
  Transactions  - an amendment of FASB Statements No. 66 and 67",  SFAS  No.
  153,  "Exchanges of Nonmonetary Assets - an amendment of APB  Opinion  No.
  29", and SFAS No. 123 (revised 2004), "Share-Based Payment", were recently
  issued.   SFAS  No. 151, 152, 153 and 123 (revised 2004) have  no  current
  application  to  the  Company or their effect on the financial  statements
  would not have been significant.

  Reclassification - The financial statements for periods prior to  December
  31,   2003  have  been  reclassified  to  conform  to  the  headings   and
  classifications used in the December 31, 2004 financial statements.

                                   -7-

<PAGE>


                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS


NOTE 2 - DISCONTINUED OPERATIONS

  On  December  31,  2003,  the  Company discontinued  its  wine  investment
  business.  The Company has accounted for this disposal in accordance  with
  Statement of Financial Accounting Standards No. 144, "Accounting  for  the
  Impairment or Disposal of Long-Lived Assets".  At December 31,  2003,  the
  Company had no assets or liabilities associated with its discontinued wine
  investment business.

  The  following is a summary of the results of operations of the  Company's
  discontinued wine investment business:

                                                          From Inception
                                     For the Year Ended   on September 9,
                                        December 31,       1997, Through
                                  ______________________    December 31,
                                     2004        2003          2003
                                  __________  __________  ______________
         Revenue                  $        -  $        -  $       99,820
         Cost of goods sold                -           -        (118,168)
         General and administrative        -           -         (35,253)
         Other income                      -           -           1,000
         Income Taxes                      -           -          (1,905)
                                  __________  __________  ______________
         Net loss                 $        -  $        -  $      (54,506)
                                  __________  __________  ______________


NOTE 3 - CAPITAL STOCK

  Preferred Stock - The Company has authorized 1,000,000 shares of preferred
  stock, $.001 par value, with such rights, preferences and designations and
  to  be issued in such series as determined by the Board of Directors.   No
  shares are issued and outstanding at December 31, 2004.

  Common Stock - In September 1997, in connection with its organization, the
  Company  issued 1,750,000 shares of its previously authorized but unissued
  common  stock.  Total proceeds from the sale of stock amounted  to  $5,050
  (or approximately $.0029 per share).

  In  November  1997,  the Company issued 250,000 shares of  its  previously
  authorized,  but unissued common stock.  Total proceeds from the  sale  of
  stock  amounted to $50,000 (or $.20 per share).  Stock offering  costs  of
  $5,688  were  netted  against the proceeds as a reduction  to  capital  in
  excess of par value.

  Common  Stock  Warrants  - In 1999, the Company  declared  a  dividend  of
  1,000,000  warrants  to  purchase common  stock  at  $1.00  per  share  to
  shareholders  of record as of September 30, 1999.  All 1,000,000  warrants
  expired on June 30, 2002.

                                  -8-

<PAGE>



                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS

NOTE 4 - INCOME TAXES

  The  Company  accounts for income taxes in accordance  with  Statement  of
  Financial  Accounting Standards No. 109, "Accounting  for  Income  Taxes".
  SFAS  No.  109  requires  the  Company  to  provide  a  net  deferred  tax
  asset/liability  equal  to  the  expected future  tax  benefit/expense  of
  temporary  reporting differences between book and tax  accounting  methods
  and any available operating loss or tax credit carryforwards.  The Company
  has  available  at  December 31, 2004, an operating loss  carryforward  of
  approximately $85,000, which may be applied against future taxable  income
  and which expires in various years through 2024.

  The  amount of and ultimate realization of the benefits from the operating
  loss carryforwards for income tax purposes is dependent, in part, upon the
  tax  laws in effect, the future earnings of the Company, and other  future
  events,  the  effects  of  which cannot be  determined.   Because  of  the
  uncertainty  surrounding  the realization of the loss  carryforwards,  the
  Company  has established a valuation allowance equal to the tax effect  of
  the  loss  carryforwards and, therefore, no deferred tax  asset  has  been
  recognized  for  the loss carryforwards.  The net deferred  tax  asset  is
  approximately  $29,000  and  $26,700 as of December  31,  2004  and  2003,
  respectively, with an offsetting valuation allowance of the  same  amount.
  The change in the valuation allowance for the year ended December 31, 2004
  is approximately $2,300.

NOTE 5 - GOING CONCERN

  The  accompanying  financial statements have been prepared  in  conformity
  with  generally  accepted accounting principles in the  United  States  of
  America, which contemplate continuation of the Company as a going concern.
  However,  the Company has incurred losses since inception and has  no  on-
  going  operations.  Further, the Company has current liabilities in excess
  of  current  assets.   These  factors raise substantial  doubt  about  the
  ability  of  the Company to continue as a going concern.  In this  regard,
  management  is  proposing  to  raise any necessary  additional  funds  not
  provided  by operations through loans or through additional sales  of  its
  common  stock.  There is no assurance that the Company will be  successful
  in  raising this additional capital or in achieving profitable operations.
  The  financial statements do not include any adjustments that might result
  from the outcome of these uncertainties.

NOTE 6 - RELATED PARTY TRANSACTIONS

  Management Compensation - The Company has not paid any compensation to its
  officers and directors, as the services provided by them to date have only
  been nominal.

  Office  Space - The Company has not had a need to rent office  space.   An
  officer/shareholder  of the Company is allowing the  Company  to  use  her
  office as a mailing address, as needed, at no expense to the Company.


                                  -9-

<PAGE>



                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS

  NOTE 6 - RELATED PARTY TRANSACTIONS [Continued]

  Advances from Related Party - At December 31, 2004 and December 31,  2003,
  a  shareholder of the Company had loaned a total of $16,450  and  $16,450,
  respectively,  to the Company.  The advances are due on  demand  and  bear
  interest  at 10% per annum.  Interest expense for the twelve months  ended
  December  31,  2004 and 2003 amounted to $1,765 and $1,649,  respectively.
  At  December 31, 2004 the shareholder forgave all the advances and accrued
  interest.  Due to the related party nature of the debt the Company recoded
  the forgiveness as a contribution to capital.

  During the year ended December 31, 2004 an entity related to a shareholder
  had  advanced a total of $3,845 to the Company.  At December 31, 2004, the
  advances have been forgiven.  Due to the related party nature of the debt,
  the Company recorded the forgiveness as capital contribution.

  The  Company has cash of $1,403 which is held in trust by a law firm which
  is related to a shareholder of the Company.

  Agreement  and Sale of Investment - The Company entered into an  agreement
  with  a  shareholder of the Company that provided for the  shareholder  to
  negotiate  the  liquidation of the Company's investment in champagne.   In
  2002, the Company sold its investment to a third party through the efforts
  of  the  shareholder.  The Company sold its investment, which had carrying
  value of $47,900, for $11,882 resulting in a loss of $36,018.

NOTE 7 - LOSS PER SHARE

  The  following data show the amounts used in computing loss per share  for
  the periods presented:

                                                          From Inception
                                     For the Year Ended   on September 9,
                                        December 31,       1997, Through
                                  ______________________    December 31,
                                     2004        2003          2003
                                  __________  __________  ______________
  Income (loss) from continuing
   operations (numerator)         $   (8,630) $   (8,304) $      (21,196)
  Income (loss) from discontinued
   operations (numerator)                  -           -         (54,506)
  Income (loss) from cumulative
   effect of change in
   accounting principle                    -           -            (750)
                                  __________  __________  ______________
  Income (loss) available to
   common shareholders (numerator)$   (8,630) $   (8,304) $      (76,452)
                                  __________  __________  ______________
  Weighted average number of
   common shares outstanding used
   in loss per share for the
   period (denominator)            2,000,000   2,000,000       1,994,288
                                  __________  __________  ______________


                                     -10-

<PAGE>



                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS

NOTE 7 - LOSS PER SHARE [Continued]

  Dilutive  loss per share was not presented, as the Company had  no  common
  equivalent  shares  for  all  periods  presented  that  would  affect  the
  computation of diluted loss per share.

NOTE 8 - CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE

  In  1997,  the  Company paid $1,000 in organization  costs  which  reflect
  amounts  expended  to  organize the Company.  The Company  was  previously
  amortizing  the  costs, but during 1999, in accordance with  Statement  of
  Position  98-5,  the Company expensed the remaining $750  in  organization
  costs which has been accounted for as a change in accounting principle.

NOTE 9 - SUBSEQUENT EVENTS

  The  Company  is  currently  negotiating the potential  acquisition  of  a
  private  company.   The potential acquisition will be subject  to  certain
  conditions  precedent  and no assurance can be given  that  the  potential
  acquisition  will be complete.  If the potential acquisition is  completed
  it  will  involve a change in management and shareholder  control  of  the
  Company.

                                        -11-

<PAGE>
<PAGE>
                            SIGNATURES

In accordance with Section 12 of the Securities Exchange Act of 1934, the
registrant caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized.


First Growth Investors, Inc.



By:     /s/ Pam Jowett                   Date:   March 9, 2005
     Pam Jowett, President and Secretary/Treasurer
     Chief Executive Officer and
     Chief Financial Officer


In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and the
dates indicated.



By:      /s/ Pam Jowett                  Date:    March 9, 2005
     Pam Jowett, President and Secretary/Treasurer
     Chief Executive Officer and
     Chief Financial Officer





<PAGE>
Supplemental Information to be Furnished With Reports Filed Pursuant to
Section 15(d) of the Exchange Act by Non Reporting Issuers

No annual report or proxy statement has been sent to security holders.