FIRST CHOICE PRODUCTS INC. (FCI) Announces Non-Brokered Private Placement of up to $200,000

ABBOTSFORD, BC, Feb. 14 /CNW/ - First Choice Products Inc. (CNSX:FCI) (the "Company") is pleased to announce that it will be arranging a non-brokered private placement (the "Private Placement") to raise aggregate gross proceeds to the Company of up to $200,000 by the issuance of 4 million units (each a "Unit") at a purchase price of $0.05 per Unit. Each Unit will consist of one common share ("Common Share") of the Company and one non-transferable common share purchase warrant (a "Warrant"). Each Warrant will be exercisable to purchase one additional common share (a "Warrant Share") of the Issuer at an exercise price of $0.10 per Warrant Share for a period of 12 months from the Closing.

Insiders of the Company may be participating in the Private Placement.

The net proceeds from the private Placement will be used for working capital for the Company.

All of the securities issued pursuant to the Private Placement will be subject to a minimum four month hold period. The Private Placement is subject to acceptance by the CNSX Exchange.

About First Choice Products:

First Choice Products Inc. (www.firstchoiceproductsinc.com) is a CNSX listed consumer goods company located in Abbotsford, B.C. Canada. The Company has several successful product lines with revenues exceeding $6 Million.

The Company's common shares are listed for trading on the Canadian National Stock Exchange under the trading symbol "FCI".

On Behalf of the Board: Dave Martens, President
FIRST CHOICE PRODUCTS INC.

SOURCE First Choice Products Inc.

For further information:

FIRST CHOICE PRODUCTS INC.
#6 - 2076 Townline Rd., Abbotsford, B.C. V2T 6E5
Toll-Free (866) 719-2988 Fax (604) 853-3119

Profil de l'entreprise

First Choice Products Inc.

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