First Growth Funds (FGF)

Shares / Stock Code

FGF

Stock Exchange / Sharemarket

ax

First Growth Funds (FGF), formerly m2m Corporation, is focused on emerging technologies in high growth companies and markets. It has investments in Forestry Carbon Credit Projects in Asia, the Pacific Islands and Australia, and Digital Video. The First Growth Funds executive team sources acquisitions, works with senior managers of our portfolio companies to design ways of growing and improving business and provides expansion capital to support the businesses growth strategy. First Growth Funds also provides a global network of resources that strengthens operational execution, releasing value for all stakeholders when exiting a company. Its investments include Bluefish444, Digital voodoo, SIPme and Carbon trading business. On February 24, 2011, the Company announced the execution of a project development agreement granting it the exclusive rights to evaluate, develop and sell carbon credits from an existing portfolio of agreements in Indonesia and the Pacific Islands.

Company History

Found in 1986
ASX listed in 1986 on Second Board
ASX listed in 1991 on Main Board
2005
• Acquisition in VoIP
• Acquisition in Asia Pacific Broadband Telephony service provider

2006

• Whizfone Joint Venture in Malaysia

2007

• Mar - Whizfone Enters the Vietnam Market by Acquisition
• Sept- Acquisition of Sipme Broadband business
• Nov - First Growth Funds Group enters China for the first time through acquisition of technology solutions provider

2008

• Jan – Acquisition of Xigital in China completed
• Mar - First Growth Funds Group signs two MOU’s for new investments in China
• Apr –Chinese language internet products and VoIP service launched in Northern and Southern China
• Sept- trialed our services and products under a co-operation agreement with VTC wireless branded as “aloVTC” in Vietnam

2009

• Restructured Asian telecommunications portfolio closing underperforming business
• Bluefish concluded its Epoch product line of high definition video cards and launched them with strong technical and commercial acceptance
• Entered into joint venture for on-line services in Vietnam with major local parties utilising a 10 year licence
• Secured preferred rights to evaluate and invest in a video surveillance and wi-fi investment in China
• Evaluated carbon credits market and potential merger with Carbon Planet Limited
• Concluded a joint project development and management agreement for forestry carbon credits

2010

• Discontinued Asian telecommunication portfolio
• Bluefish completed produce range using new Epoch technology
• Invested in AM Communications Corporation, a company jointly owned with our Vietnamese telecommunications partner
• Terminated potential merger discussions with Carbon Planet Limited (Subject to Deed of Company Arrangement) following commercial conditions precedent not being satisfied
• Concluded a joint venture for technical evaluation and development of AFOLU projects with Green Collar
• Initiated project funding prospecting
• Identified and securely preferrred rights to Asian forest carbon projects
• Identified and secured through a joint venture arrangement preferred rights to China based CER projects
• Restructured secured loan facility
• Initiated Board renewal program