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The Fruits of Victor Industries Inc. Proposed Merger Results in Six Figure Order 12/8/2005
LOS ANGELES, Dec 8, 2005 (PRIMEZONE via COMTEX) -- Victor Industries (OTCBB:VICI) is in the process of finalizing merger negotiations with broadband solution provider Zhejiang Fibersense Communications Technology Co. Ltd. (FSP China), which are expected to come to fruition in the first quarter of 2006. FSP has used its considerable contacts to secure a distributor for Victor's products on mainland China and South East Asia. Victor is pleased to announce it has assigned distribution rights to Hong Kong based New Point International (NPI). Within days NPI has secured a $100,000.00 order for Victor's products from mainland Chinese clients. Victor is working diligently to fulfill that order in a timely fashion.
General Electric Corporation is currently marketing Silwet(r) in China. We believe our organic, less costly EnviroZee(tm) to be a vastly superior product and intend to aggressively compete for market share.
"This order, we hope the first of many, is larger than all the combined orders that Victor has fulfilled in the company's history. The logistics of getting an order of this size produced and delivered to mainland China is a challenge we are excited to take on. This potential sale is yet another tangible indication of the extraordinary synergy this merger can facilitate between Victor and FSP," said Lana Pope, CEO Victor Industries Inc.
To learn more about Victor Industries click on www.VictorIndustries.com, or call our toll free number at: (800) 949-1230
ABOUT Zhejiang Fibersense Communications Technology Co. Ltd.
Zhejiang Fibersense Communications Technology Co. Ltd. (FSP) (www.fsp.com.cn) is an Optical Network, VoIP (Voice over Internet Protocol) and Wireless Broadband (802.16 WiMax) voice-and-data fixed-and-wireless telecommunication solution provider and virtual operator with branches in Mainland China (PRC) and Hong Kong. FSP has set up sales and engineering office centers in Hangzhou, Beijing, Chungdu, Shenzhen and Hong Kong. The Company is committed to providing cost-effective integrated VoIP and WiMax system solutions conforming to Chinese and international standards.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the Company and its operations are included on certain forms the Company files with the Securities and Exchange Commission.
-------------------- Trading is a blast!!
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In for 99k * .0085. Hope to see it break .016 today or tmw!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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that's a he77 of a spread the MMs have up? It's huge! Almost a 20% differences in bid/ask!
Waht gives? Are they slowing it in order to load or what?
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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Spread's closer, and it cracked .01! HOD: .0101! Nice!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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I'm in at today's close! Gapper in the morning! Nice close above the gap with strong buys!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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Let me tell ya all! I tried to place a sell order for tomorrow since I won't have time TO WATCH..... and guess what..... lol one to many zero's and good old scottrade sold them for me at the bid in one second!!!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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