First Factor Provides Update on Its Change of Business Transaction

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 4, 2007) - First Factor Developments Inc. (NEX:FFD.H) reports that there have been no material changes to its proposed Change of Business transaction as previously announced in its news release dated April 3, 2007.

ON BEHALF OF THE BOARD
“Allan Williams”
Allan Williams, President

FOR FURTHER INFORMATION, PLEASE CONTACT
Allan Williams, President
(604) 638-3164
Toll Free: (877) 217-8978

First Factor Developments Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC  V6C 3E1
Canada

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."