MISSOULA, Mont., July 20, 2004 (PRIMEZONE) -- Victor Industries, Inc. (Other OTC:VICI) announced today Contract negotiations have commenced with the U.S. General Services Administration (GSA) for Victor Industries Evironlizer line of garden and shop products.
Discussions are taking place with the General Service Administration Schedule office in Fort Worth Texas for the roll out of Victor Industries products for sale to the federal government. "This represents the fruit of several months work of product development and contract preparation with the GSA." The contract in question will run for 5 years and is anticipated to generate substantial sales for Victor Industries products. The negotiation period is used by the GSA and the vendor to define terms related to delivery and discounts relevant to the particular GSA schedule the items are being offered on. "This contract award will allow us to utilize the talents of our government sales team and expand into areas were we see markets for Victor Industries products within the federal government."
About Victor Industries
Victor Industries has a patent pending product that absorbs ammonia, before it degrades to nitrates, and phosphates and then releases these nutrients on plant demand. The long term goal is to absorb nitrates and phosphates from CAFO's (Concentrated Animal Feeding Operations) such as super dairies, pig and chicken farms. When the compound is saturated it would be "harvested" as a long lasting, non-leaching truly organic fertilizer/ soil amendment. Accomplishment of this goal would reduce the amount of pollution from two of the largest sources of nitrate and phosphate pollution, fertilizers and CAFO's. The Company has developed ENVIROLIZER(tm), which comes pre-charged with fertilizer as the fastest way to cash flow.
About The US General Services Administration
The US General Services Administration (GSA) secures the buildings, products, services, technology, and other workplace essentials federal agencies need. 13,000 GSA associates support over one million federal workers located in 8,000 government-owned and leased buildings in 2,000 U.S. communities and overseas. For more information on the GSA see http://www.gsa.gov/
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 those in 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.