SAN DIEGO, May 31, 2006 (PRIMEZONE) -- Victor Industries ("VICI") (OTCBB:VICI) and Ethos Environmental, Inc. ("Ethos"), a manufacturer and distributor of a unique line of fuel reformulating products under the name Ethos Fuel Reformulators, or Ethos FR, are moving towards completion of the recently announced Definitive Merger Agreement (the "Agreement"). The Companies are presently in the midst of securing all necessary regulatory approvals and performing all pre-closing conditions to the merger, and both Companies remain hopeful that this will be completed in short order.
Following the successful completion of the merger, the common stock of Ethos Environmental, Inc. is expected to be publicly traded on the OTCBB under a new symbol.
For additional information and updates regarding Ethos, please visit www.ethosfr.com.
Additional information concerning the Agreement is included in the necessary regulatory filings by VICI with the Securities and Exchange Commission.
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.