MISSOULA, Mont., Oct. 31, 2006 (PRIMEZONE) -- Victor Industries Inc. (OTCBB:VICI) is pleased to announce that a majority of shareholders have approved the Company's plan to merge with Ethos Environmental Inc. The final administrative matters with regard to the merger will be addressed immediately. It is anticipated the merger will close within the next few days.
Coincidently, the inauguration of Ethos' new 70,000 sq. ft., San Diego, production and distribution center is scheduled for this week.
The Board of Directors of Victor Industries would, collectively, like to express its gratitude to its shareholders for their perseverance and vote of confidence.
For more information about Ethos Environmental Inc. click on www.EthosFR.com
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.