LOS ANGELES, Sept. 27, 2004 (PRIMEZONE) -- Victory Capital Holdings Corp. (OTCBB:VTYC) announced today that, through its Global Card and On Demand subsidiaries, it has executed master agent sales agreements to offer sales coverage throughout the United States and Canada. These agreements represent immediate sales channels of over 50 agents, offering Global Cards, Wage Wire payroll product, the TurboCard retail card and the OnDemand, Unity Voice virtual office solution. These agreements will build off of the existing customer base of Victory Capital, as well as the agents cross platform clientele.
"With the recent appointment of Jon Fullenkamp as CEO of our company, he has begun executing his proven methods for expansion of monthly subscribers for our OnDemand suite of products, as well as initiating the deployment for both of our Global Card programs," said Harold Gregg, Chairman of Victory Capital Holdings Corp. "I am confident that with Jon's performance record and ability to execute our corporate growth plan, we will meet and or exceed our December 2004 revenue goal."
"I am excited to have the opportunity to bring my executive expertise to the Victory Capital family and immediately deploy our company's products and services through these new sales channels. My corporate transition was made seamless through the existing contractual relationships that Victory has established. Albeit, our December 2004 revenue growth plan is aggressive, as it should be, we feel confident that with our superior products recently gaining market acceptance and our new sales channels distributing these products, this will give us the competitive advantage to meet and or exceed this plan. Each agent will have a monthly sales target of 400 new subscribers at average monthly subscription price of $49.95 for our Unity Voice products and $8.95 for our Global Card programs. Shortly, we will be announcing a grassroots shareholder marketing campaign that will answer the overwhelming question of 'how is our company doing' and our response will be 'we are right on target with our year end plan but if you try our products and tell us what you think; we will greatly accelerate our goals'. If our shareholders are as pleased as our existing subscribers, the result will be a sound success to our 2004 forecast. We have concluded that the best way to incubate our company is to start with our loyal shareholders and existing clients. If you wish to find out more about our products and services, you may visit http://www.vtyc.com and learn more," stated Jon Fullenkamp, CEO of Victory Capital Holdings Corp.
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.
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.