LOS ANGELES, Jan. 3, 2005 (PRIMEZONE) -- Victory Capital Holdings Corporation (OTCBB:VTYC) announced today that it has executed a Telecommunications Agreement with Florida Based Tel3.
Under the terms of the agreement, Tel3 will provide Domestic, Private Label, VoIP Calling Card services starting at 3.9 cents per minute; accompanying the domestic pricing is extremely aggressive international pricing positioned to be very competitive for Victory's customers. Tel3 will be responsible for all billing, collections, and customer support. In addition to the platform provided by Tel3, they will indemnify Victory of any and all potential fraud that may occur under this product offering. This Private Label rollout will be sold in $25, $50 and $100 increments where customers can apply for the service through the Internet. For continued revenue generation each card is re-loadable for continued use.
"With our recent revenue agreement announcements with Union Media and World Net Communications, we have focused on adding additional products and services that compliment the first quarter roll-outs of both companies. With the addition of Tel3, we have added a product that is scalable and has a viable acceptance with both of these clients while increasing our estimated Average Monthly Subscription by $7.50, $15.00 and $30.00, depending on the increment purchased," stated Jon Fullenkamp, CEO of Victory Capital
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.
Tel3, founded in 1994 is facilities based Telecommunications Company that takes great pride in its innovative long distance services. Tel3 is a pre-paid long distance phone service that you can purchase by credit card online. Call anytime from anywhere in the continental U.S. to almost anywhere around the world, and get superior quality and cheap rates. Use Tel3 to call from home, your office, while you're traveling, and even from your wireless phone.
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.