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First Ecom To Host a Broadcast Message

HONG KONG, July 17, 2001 - First Ecom.com, Inc. (NASDAQ: FECC, BSX: FECC, FECC.BH), a global provider of electronic payment processing solutions, today announced they will broadcast a telephone message regarding its payment of $19 million to acquire shares in Gasco Energy, Inc. Gregory Pek, President of First Ecom, will host the broadcast.

Date Tuesday, July 17, 2001

Time 4:00pm EDT / 1:00 pm PDT

Duration 7 minutes

North American Callers 1 (877) 653-0545 Toll Free

International Callers 1 (403) 232-0933 Caller will be billed

Access Code 138-864

Investors and other interested parties are invited to listen to the broadcast by dialing the above numbers and access code. Interested parties can access the recorded version, at the above numbers, for two weeks following the initial broadcast. A transcript is also available from the www.firstecom.com website.

About First Ecom.com

In the future, First Ecom will focus on the acquisition, development and exploitation of petroleum and natural gas properties.

As a global provider of electronic payment processing, First Ecom.com provides secure, easy-to-implement and low-cost online payment processing services to banks and their merchants worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom.com processes electronic payment transactions in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction. In addition, First Ecom provides end-to-end solutions to enable banks to process internally.

For more information, visit http://www.firstecom.com or contact First Ecom.com at +(852) 2801-5181 or by e-mail at .

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those factors, which could cause actual results to differ from management's expectations. First Ecom expressly disclaims any obligation to update the statements contained herein.