Invicta Corporation Completes Sale of Patents

Reorganization of Business Operations Should Be Completed Within Thirty Days; Change of Name Authorized

BOCA RATON, Fla., Feb. 11, 2005 (PRIMEZONE) -- Invicta Corporation (Pink Sheets:IVIA) announced today that it had completed the sale of its photochromic technology patents to Garuda Holdings LLC, an investor group located in Dallas, TX. The sale, which was made by the Company's Invictavision, Inc. subsidiary, could result in a maximum of $5 million in royalty payments over the remaining life of the patents, based upon the future sale of photochromic products utilizing the patented technology.

As part of the ongoing reorganization of business operations, Dr. Louis Gleckel has resigned as an Officer and Director of the Company. William J. Reilly, Esq., a Director, has been appointed as interim President of the Company, and Rounsevelle W. Schaum, Chairman of Newport Capital Partners of Newport, RI, has been appointed to the Board of Directors. The Company is presently negotiating a divestiture of its sole operating subsidiary, Invictavision, Inc., and anticipates that the reorganization of its operations will be completed within thirty days.

The Board of Directors has also approved a change of name of the Corporation to Executive Hospitality Corporation, which will become effective upon filing with the State of Delaware. The Company has also applied to the OTC Pink Sheets for a change of trading symbol.


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