Newsgroup: it.economia.borsa.estero
Titolo: Ricordate FGNX, +300%

Ecco perchè.
1st Genx Secures $500,000 Financing
KELOWNA, B.C.--(BUSINESS WIRE)--Jan. 16, 2001--1st Genx.com (OTCBB:FGNX -
news)
The Loan
1st Genx.com, Inc., (the ``Company'') reports that it has secured $500,000
in long term financing via a Guaranteed Collateral Backed Letter of Credit.
Any or all of the $500,000 may be drawn down at the discretion of the
Company, within the calendar year of 2001.
Monies advanced to the Company will be charged at prime plus 2% and due and
payable within 5 years of receipt thereof. Further at the option of the
lender the loan, in its entirety may be retired by the issuance of treasury
shares of the Company.
The Lender
1st Genx has entered into a financial agreement with H.E. Capital S.A. H.E.
Capital is a financial services institution based in Peria Marina, Sosua of
the Dominican Republic.
Use of Proceeds
The Company has drawn down $150,000 for the purpose of the immediate
implementation of its marketing plan to secure licensees of its leading edge
Internet Gaming Software brand named Stealth 001. The Company has received
in excess of 250 inquires of recent ranging from $10,000 to $800,000 -
investors interested in establishing themselves in the business of online
gaming. To assist the Company in this endeavor the following has been
implemented:
* Retained a web/graphic designer to develop and produce a new
corporate image on it's home page and website;
* Retained a business consultant to prepare a revised Business
Plan, Executive Summary and two page Facts Sheet;
* Identified Trade Shows that the Company will be demonstrating
it's leading edge Software Stealth 001; the first major show
the Company will be attending is the World International Gaming
Conference held on March 15th and 16th, 2001 in Miami, Florida;
and
* Establishing a Sales Department with the exclusive
responsibility of introducing the Stealth 001 software to
in-house leads and target marketing current online gaming
sites.
Work in Progress
The Company is in the process of entering into other business relationships
to assist in its development as a presence and viable business interest in
the high growth Internet gaming sector.
* The Company has retained the services of a Nevada Securities
Lawyer to form a Committee of Legal and Tax strategists to
create the first ever Business and Standards Code for the
Internet Gaming Industry. When completed, this document will be
presented to international governments, authorities and
proprietors for their review and comments.
* The Company will host the first international conference with
the specific mandate via an open forum discussion to work
towards adopting, resolving and initiating an international
Business Code of Standards.
The Company will keep the shareholders informed as to these and future
developments.
About 1st Genx.com, Inc.
1st Genx.com, Inc. is a gaming software provider. The Company's software
project, brand named Stealth 001, has a variety of features that provide a
substantial competitive advantage over all other available software
solutions including:
* Multi-game desktop function - allows gamers to monitor and
place wagers on multiple gaming opportunities simultaneously
without having to switch screens;
* First ever financial index wagering - in addition to lottery,
sportsbook and tradition Vegas style gaming;
* Instant loading and start-up - as if the software is located on
the users hard-drive; and
* On-line e-Cash and debit card processing.
The software will target the numerous new and existing on-line gaming
companies that are participating in the rapidly growing sector that is
estimated by Bear Sterns, Investment Bankers, to grow to $12.5 billion by
2002.
This press release contains forward-looking statements with respect to the
results of operations and business which could be materially different from
those discussed. Risks and uncertainties of the Company will be detailed
from time to time in the Company's periodic reports to be filed with the
Securities and Exchange Commission.
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