Dematco, Inc. Receives 1 Million Free Trading Shares of First Corporation Common Stock

Fri Jul 10, 2009 3:22pm EDT
 
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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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