LOS ANGELES, Aug. 1, 2006 (PRIMEZONE) -- In an effort to keep unwarranted speculation prompted by the proposed upcoming merger of the two companies to a minimum, the management of both Victor Industries, Inc. (OTCBB:VICI) and Ethos Environmental, Inc. have agreed to release only such news as is necessary to keep current investors fully informed. Suffice to say that both Victor Industries, Inc. and Ethos Environmental, Inc. are diligently complying with all requirements to effect the proposed merger in an expeditious fashion.
Victor Industries, Inc. is pleased to announce trial protocols have been agreed with one of the top-ten largest wine producers in the United States for a test of Victor's Envirolizer. Data gathered from some of Europe's premier wine growing regions have shown adding the main constituent of Envirolizer's formula increased fruit yield by as much a thirty percent. With American vineyard establishment costs nearly doubling in the past decade, the identification of adapted grape cultivars and soil additives which maximize their chances of successful introduction will allow growers to avoid significant losses associated with planting non-adapted cultivars. We are continuing to review the request from the grower for exclusive use of Envirolizer in the area viticulture for a period of three years.
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.