MISSOULA, Mont., July 6, 2004 (PRIMEZONE) -- Victor Industries, Inc. (Pink Sheets:VICI) has finally filed its 10KSB with the Securities and Exchange Commission. "The Quarterly for the period ending 3/31/04 should be filed this week followed by the Form 15C to apply for reinstatement on the OTCBB," said Lana Pope, CFO of the Company. "The SEC has 30 days from filing the 15C to respond with questions."
The Company has recently hired a firm to update the Company website which will also include a shopping cart page so that customers will be able to order directly from the web site as well as an "800" number. The site will include ENVIROLIZER(tm) as well as the products that will be listed on the GSA Advantage web site.
The Company will be reducing its authorized shares to 300 million as previously announced. "The Company just did not want to make any additional changes for the auditors to deal with and possibly delay the filing of the 10KSB even further," added Lana Pope.
Anyone with questions or comments should call Platon Petratos at 305-978-9153
About Victor Industries
Victor Industries has a patent pending product that absorbs ammonia, before it degrades to nitrates and phosphates, and then releases these nutrients on plant demand. The long term goal is to absorb nitrates and phosphates from CAFO's (Concentrated Animal Feeding Operations) such as super dairies, pig and chicken farms. When the compound is saturated it would be "harvested" as a long lasting, non-leaching truly organic fertilizer/ soil amendment. Accomplishment of this goal would reduce the amount of pollution from two of the largest sources of nitrate and phosphate pollution, fertilizers and CAFO's. The Company has developed ENVIROLIZER(tm), which comes pre-charged with fertilizer as the fastest way to cash flow.
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 those in 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.