Dematco, Inc. Receives 1 Million Free Trading Shares of First Corporation Common Stock
ENCINO, Calif.--(Business Wire)-- Dematco, Inc. (OTCBB:DMAT) is pleased to announce that in connection with the transaction between Acquma Holdings Limited and First Corporation (OTCBB:FSTC) announced on July 6, 2009, its wholly owned subsidiary Dematco Group Corporation has received compensation from certain shareholders of First Corporation in the form of 1,000,000 free trading shares of common stock in First Corporation. "The shares of common stock in First Corporation are valued at $1.00 per share. We are delighted with this development, it represents significant income for Dematco," notes Robert Stevens, Chairman and CEO of Dematco, Inc. According to the July 6 announcement, Dematco, acting on behalf of Acquma Holdings Limited arranged a transaction enabling 1.6 million Acquma shares to be acquired through a share exchange with First Corporation. Acquma Holdings Limited is an investment firm which currently owns 18% of a private Finnish company, Tramigo Oy Ltd. Engaged in the development and marketing of GPS based navigation systems, Tramigo Oy is marketed in over 100 countries worldwide. About Dematco, Inc. Dematco, Inc. is engaged in the business of dematerializing or converting financial instruments from paper form to electronic form. The Company specializes in hitherto untraded or untradeable paper instruments allowing them to be traded electronically on exchanges or exchange platforms on a peer to peer basis. www.dematcoinc.com 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, and 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. For Dematco, Inc. Emerson Gerard Associates Jerry Jennings, 561-881-7318 mediareply@emersongerard.com Copyright Business Wire 2009
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