Victory Capital Holdings Corp. Forms New Subsidiary
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> LOS ANGELES, July 15, 2004 (PRIMEZONE) -- Victory Capital Holdings Corp. (OTCBB:VTYC) announced today that its Board of Directors has approved the formation of Corporate Network, Inc. as a wholly owned subsidiary to formally assume the existing activities of arranging commercial financing and the brokering of business opportunities. In its original form, Corporate Network has been licensed since the early 1980's by the California Department of Real Estate. Since then it has been involved in the purchase, sale, financing or exchange of over one billion dollars in financial transactions. The newly formed Corporate Network, Inc. will leverage the existing relationship between Victory Capital and Keller Williams Realty to attract prospective buyers and sellers of businesses and broker financing for these transactions. Corporate Network has recently been authorized to obtain financing for a California firm seeking $30-$36 million dollars in commercial loans, secured by various pools of collateral. Corporate Network has received a conditional funding commitment from a lender, and upon completion and acceptance of the due diligence by the lender, the transaction is expected to close escrow during the third quarter of 2004. If completed as anticipated, the transactions should generate approximately $3.0 million in fees for Victory Capital Holdings Corporation. "With the growing deployment of our various products and services throughout the Keller Williams organization, the addition of Corporate Network, Inc. was the logical next step in our corporate evolution," stated Harold Gregg, CEO of Victory Capital Holdings Corporation. VICTORY CAPITAL HOLDINGS CORPORATION (VTYC) organized in Nevada, is a publicly traded company. The Company is designed to leverage the assets of existing, proven technology and to infuse those assets with marketing, management and financial support to become the recognized leader in its space. About Keller Williams Realty: Founded in 1983, Keller Williams Realty International (KWRI) is an international real estate company with more than 300 offices located across the U.S. and Canada. Currently the sixth largest U.S. residential real estate firm in North America, Keller Williams began franchising its offices in 1991. The company has succeeded by treating its 30,500-plus franchisees and associates as partners, and shares its knowledge, policy control, and company profits on a system-wide basis. KWRI's agents are distinguished by their level of professional education, their full-time commitment to real estate sales, and their level of business success. For more information, visit Keller Williams Realty online at www.kw.com. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation 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. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. CONTACT: Victory Capital Holdings Corporation Harold Gregg (866) 570-6992 info@vtyc.com
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VTYC - VICTORY CAPITAL (OTCBB) Date Open High Low Last Change Volume % Change 07/14/04 0.2000 0.2300 0.1900 0.1900 unch 330000 unch%
Composite Indicator Trend Spotter TM Sell
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Sell 20 Day Bollinger Bands Hold
Short Term Indicators Average: 40% - Buy 20-Day Average Volume - 137260
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Sell 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: - Hold 50-Day Average Volume - 147616
Long Term Indicators 60 Day Commodity Channel Index Hold 100 Day Moving Average vs Price Sell 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 67% - Sell 100-Day Average Volume - 115868
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Victory Capital Holdings Corp. Signs Revenue Agreement With WorldNet, Inc. 12/15/04
LOS ANGELES, Dec 15, 2004 (PRIMEZONE via COMTEX) -- Victory Capital Holdings Corp. (OTCBB:VTYC) (OTCBB:VTYCE) announced today that it has executed a Unified Communications Agreement with WorldNet, Inc. to provide Unified Communications, Calling Card and VoIP Residential and Business termination, with a potential nat ional, annual roll-out of 100,000 new customers to the Victory Capital technology platforms. Under the terms of the agreement, WorldNet shall provide monthly, no less than 500 unique customers with an Average Monthly Subscription (AMS) of $19.95 for Unified Communications, $20.00 for Calling Card and $19.95 per month for Residential VoIP dial tone service.
"WorldNet's unique approach to bringing telecom products to market will provide an immeasurable contribution towards the education of our consumers and will formally introduce Unified Communication capabilities to tens of thousands of new users. Given this type of direct approach, Victory should realize its revenue guidance for the second quarter of calendar 2005. We encourage our shareholders to review the required 8-k filing of this Agreement which provides a clear understanding of this relationship," stated Jon Fullenkamp, CEO of Victory Capital Holdings Corp.
Randy Nein, Chairman/CEO of WorldNet, Inc. said, "The future truly has come to this. Now anyone can make the world their office and all they need is a phone and Internet. With new telecommunication and unified communication features such as advanced phone, fax, email and voice recognition, WorldNetOffice and Victory are now positioned to become the world's leading provider of unified communications and advanced telecommunications services. This alliance will change the way we communicate and enable businesses of all sizes to improve their efficiency, increase productivity, and most importantly, increase the bottom line net profits."
About Victory Capital Holdings Corp: Victory Capital Holdings Corporation (VTYC), organized in Nevada, is a publicly traded company. The Company is designed to leverage the assets of existing, proven technology and to infuse those assets with marketing, management and financial support to become the recognized leader in its space.
About WorldNet, Inc: WorldNet, Inc. is a marketing and business development company. They provide a full spectrum of automated sales and marketing solutions, along with the worlds finest in Customer Relationship Management (CRM) tools. WorldNet's Pay Only for Results services has been successfully used by companies large and small, ad agencies, PR firms (it's their best kept secret), national associations, non-profits, and government agencies worldwide. The vision of WorldNet, Inc. is to provide extraordinary results for businesses and entrepreneurs! Our technology-based approach will change the way business conducts business. The WorldNet Team is comprised of Certified Business Partners and Independent Marketing Representatives all dedicated to business success. The company's mission is to provide technology that is simple and easy to use. http://www.worldnetcommunications.com/
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation 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. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.
SOURCE: Victory Capital Holdings Corporation
Victory Capital Holdings Corporation Jon Fullenkamp (800) 880-7330 investor@vtyc.com
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