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First Canadian American Holding Corporation Declares Dividend Dec 12, 2005 9:00:00 AM TORONTO -- (MARKET WIRE) -- 12/12/05 -- First Canadian American Holding Corporation (OTC: FCDH) is pleased to announce that the Board of Directors has declared a stock dividend, payable to shareholders of record of December 21, 2005. The dividend will consist of one (1) free common share of Suncrest Energy Inc. (OTC: SNYY) for every six (6) shares of FCDH held on December 21, 2005.
Based on the current price of Suncrest the dividend amounts to a Fifteen Cents ($0.15) value for each and every share of First Canadian held as of the record date.
The Company's Board of Directors characterizes this stock dividend as rewarding the shareholders of First Canadian for their loyalty and dedication to the betterment of the company.
"With the new focus on The Fight Network and its related assets we wanted to thank the shareholders for their support and to give them something back," says Sandy Winick, president of First Canadian. "This dividend amounts to a huge windfall for our shareholders and that is what we are all about at First Canadian, creating value and rewarding our shareholders."
About SUNCREST ENERGY
SUNCREST ENERGY (OTC: SNYY) is engaged in oil and gas exploration and drilling programs for itself and other companies. With interests in the United States and Russia, our goal is to become a major player in the development of worldwide natural resources to benefit our shareholders and the communities where we operate.
About First Canadian American Holding Corporation:
First Canadian American Holding Corporation is a holding company with subsidiaries that conduct operations in areas of digital television, radio and the internet under The Fight Network brand.
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.
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