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Corporate Profile for FX First, Inc., Dated July 12, 2002

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Published Date:   July 12, 2002

Company Name:     FX First, Inc.

Address:          10940 Wilshire Blvd., Suite 1600
                  Los Angeles, CA 90024

Main Telephone
 Number:          310/443-4150

Internet Home
 Page Address
  (URL):          http://www.fxfirst.com

Chief Executive
 Officer:         William G. Whyte

Chief Financial
 Officer:         Alexey Mironov

Investor Relations
 Contact:         William G. Whyte
 Business number: 310/443-4150
 E-mail address:  wwhyte@fxfirst.net

Public Relations
 Contact:         James Whyte
 Business number: 310/443-4150
 E-mail address:  jwhyte@fxfirst.net

Industry:         Online Forex Trading and Software

Company description:

FX First, Inc., ("FX FIRST" or "the Company") is an innovative trading and software service company that is positioning itself to be a market leader in the emerging on-line foreign exchange trading (Forex) industry.

FX First, Inc., located at 10940 Wilshire Blvd., Suite 1600, Westwood, CA, incorporated in California January 5, 2001, operates together with its subsidiary company, First Financial East ("FF East", Moscow, Russia).

The Company has four primary segments: (i) the Metaquotes software system, which generates trading revenue from FX FIRST's trading clients, (ii) licensing of its Metaquotes software under their application service provider (ASP) segment, (iii) a new charting package called DealSmart and (iv) currency delivery.

Differentiators

-- The Metaquotes Software System (Metaquotes Client) enables users to quickly access the Forex Market through an online dealing platform that displays real-time price quotes, streaming market news, automated trading capability, web browser, and provides a sophisticated technical analysis package, all integrated into one interface;

-- The licensing of MetaQuotes (MetaQuotes Manager) as a turnkey private-labeled product, provides for customizable client trading terminals;

-- A significant upgrade to its charting package, DealSmart has already received enthusiastic acceptance from users due to its multi-screen, multi-feed features.

History

The company was organized on January 5th, 2001 as a California corporation. The Company has devoted significant resources to the development of its products and has assembled an extremely knowledgeable, focused management team to ally itself with premier technical expertise for its technology.

As of July, 2002, FX First, Inc. will be the exclusive provider of Forex Charts, analysis, and Currency Converter for Forbes.com.

Product Description

-- The Metaquotes Software System (Metaquotes Client) enables users to quickly access the Forex Market through an online dealing platform that displays real-time price quotes, streaming market news, automated trading capability, web browser, and provides a sophisticated technical analysis package, all integrated into one interface;

-- The licensing of MetaQuotes (MetaQuotes Manager) as a turnkey private-labeled product, provides for customizable client trading terminals;

-- A significant upgrade to its charting package, DealSmart has already received enthusiastic acceptance from users due to its multi-screen, multi-feed features.

Regulatory Environment

Furthermore, FX FIRST's business plan calls for the company to register as a Futures Commissions Merchant with the CFTC and the National Futures Association. FX FIRST will then have secured the registration that the firm believes will be required within the next year or so.

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