LOS ANGELES, Aug. 25, 2005 (PRIMEZONE) -- In order to ensure price stability in fulfilling expected large orders, both domestic and foreign, Victor Industries Inc. (OTCBB:VICI) has signed a five-year agreement with the supplier of the primary component of its soil amendment and environmental clean-up product lines. The highly advantageous terms of the agreement virtually ensures a production cost advantage over our competitors for the next five years. Achieving these savings should allow the company access to broader markets.
Productive negotiations continue with SFP China, which continues to express its desire to introduce Victor's line of products to the Chinese market.
Enviro-Zee(tm) has been shown in independent scientific studies to increase rice production by up to 60 percent. SFP China has acquired long-term contracts with major Chinese telecom companies to supply broadband and other services to as many as 100 million users in three southern Chinese provinces.
To learn more about Victor Industries click on www.VictorIndustries.com, or call our toll free number at: (800) 949-1230.
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.