LOS ANGELES, Aug. 10, 2005 (PRIMEZONE) -- Victor Industries (OTCBB:VICI) "the company," has reorganized procedures and personnel responsible for the filing of financials with NASD. The company would like to take this opportunity to assure its shareholders that all steps have been taken to minimize the possibility of late filings in the future.
Recently the company has significantly moved forward on two fronts. One: A new southwestern distribution hub has been established that will coordinate blending, bagging, and shipment to two of three of its major markets: Las Vegas and Phoenix. Two: SFP China has expressed interest in pioneering markets in southern China for Victor Industries' soil amendments.
Representatives of SFP have returned from China with a proposal for introduction of Victor's product EnviroZee(tm) which 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.
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.