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First Canadian American Holding Corporation Has Hired Consulting Firm to Assist with The Democratic Republic of the Congo -DRC-
31 March 2005
TORONTO--(BUSINESS WIRE)--March 31, 2005--First Canadian American Holding Corporation (Pink Sheets: FCDH - News) announced today that it has signed an agreement with Quathemetin Consultants, an international firm based in Europe, to assist in determining the feasibility of developing low-cost housing projects in the Democratic Republic of the Congo. First Canadian American Holding Corporation is the international licensee for Terrablock building products, a construction and development firm based in Orlando, Florida.
First Canadian American Holding Corporation CEO Sandy Winick is very excited about this development. "Our agreement with Quathemetin Consultants will allow us a unique opportunity to assist in the rebuilding of the social and physical infrastructure of this potentially great African nation."
According to the CIA.Gov The World Factbook website (http://www.cia.gov/cia/publications/factbook/geos/cg.html) The Democratic Republic of the Congo (formerly called Zaire) is located in Central Africa, northeast of Angola. It is estimated to have a population around 58,317,930 people.
The need to provide low cost housing solutions is critical to this nation to get back on the road to recovery. The potential to serve this great nation is tremendous for both the housing and the TECSTOR.
Michael Richardson, Director of International Affairs for Quathemetin Consultants, is confident their work with First Canadian American Holding Corporation will hold significant benefits for the people of the Democratic Republic of the Congo. "The DRC has gone through many years of strife and turmoil. It's time for all international partners to work together to assist the people in the DRC in moving toward the future, and meeting their potential."
About Quathemetin
Quathemetin Consultants Limited is an international business development, finance and management consulting company that provides corporate and government clients with business development services and strategy solutions. Through its subsidiaries and offices in Canada, the United States, Europe, China and the UK, Quathemetin serves small and mid-capitalization companies in the private, public and government sectors. For more information about the company, visit their website at www.quathemetin.com.
About First Canadian American Holding Corporation
First Canadian American Holding Corporation is a holding company with subsidiaries in a range of businesses. The Company's subsidiaries conduct operations in areas of digital television, radio and building and construction. The company is actively looking at several other opportunities in many different industries such as natural resources, wireless, technology and biotechnology.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Source: First Canadian American Holding Corporation
Sandy Winick, 416-918-2209
info@fcahc.com
http://www.fcahc.com/
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