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, President

FOR FURTHER INFORMATION PLEASE CONTACT:

First Factor Developments Inc.
Allan Williams
President
(604) 484-7088