Company Press Release
Viking Systems, Inc. Signs Deal With VisualSoft, Inc.
Alliance Provides System Integration for Viking Capital Financial Network
DALLAS--(BUSINESS WIRE)--Nov. 11, 1999--Viking Systems, Inc. (VSI), a wholly owned subsidiary of Viking Capital Group, Inc. (OTC:VGCP - news), has completed a Strategic Business Alliance with VisualSoft, Inc. of Dallas, TX. The agreement provides VSI with computer programming and systems integration resources needed to connect banks to their customers via the Internet using VSI's IP Banker service bureau and the Viking Capital Financial Network (VCFN).
VisualSoft, developers of this year's Datamation ``Product of the Year' award for the client service remediation software ``Transcentury Office,' will provide VSI with the required technical human resources when bringing banks online nationwide. IP Banker is a service bureau based internet banking system allowing depositors access to their personal accounts. Future plans expand VisualSoft's role to include continual maintenance and education, as they also will take responsibility for training, upgrades and systems migration efforts related to IP Banker and other VSI services.
``As our efforts scale up, we'll need the resource depth that a partner like VisualSoft can provide,' said Garry Millar, president of VSI. ``Our need for systems integration services likely will fluctuate depending on the number and type of accounts we're servicing at any given time. VisualSoft gives us the flexibility and knowledge to focus people and talent where and when they are needed.'
VSI's other integration partner, Pearse EFT, will continue to provide systems integration services.
VisualSoft is a software solutions and consulting services provider, offering solutions in client/server systems, ERP (Peoplesoft, SAP), relational databases, custom software and product development, training and education, Internet services and products, and reengineering and migration services. VisualSoft has offices in New York and Chicago, as well as state-of-the-art development facilities in Hyderabad, India. Training and education are provided at the Dallas facility for both clients and VisualSoft professionals. VisualSoft's impressive customer list includes companies like Pilgrim's Pride, John Deere, Zale Corp, Intecom, and Computer Associates.
``We provide the technical expertise and know-how for companies to succeed in today's business environment' Said Jim Easley, Vice President of Marketing for VisualSoft. ``in addition to the resources to get the job done.'
About Viking Systems, Inc.
Viking Systems, Inc., is a wholly owned subsidiary of Viking Capital Group, Inc. (OTC:VGCP - news), headquartered in Dallas. Viking Systems, Inc. is responsible for all data processing and technology needs of its parent and sister companies and its external customers. VSI's focus is developing its private network (Viking Capital Financial Network) to provide all of its customers high quality video, voice, and data communications and to further serve those customers by providing, in cooperation with its sister companies, applications and additional products and services over the private network and the internet. These internet based products and services include Universal IP (insurance), IP Banker (remote banking), Benefits IP (employee benefit plan data processing), and IP Trader (securities trading) and IP Marketer (sales organizations). The Company's target market is financial services operations such as banks, insurance companies, and employee benefit plans.
Contact Viking on the World Wide Web. vcgi.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.
Certain statements made by the Company which are not historical facts may be considered forward-looking statements, including, without limitations, statements as to trends, management's beliefs, expectations and opinions, which are based on a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Such forward-looking statements are subject to risks and uncertainties and may be affected by various factors which may cause actual results to differ materially from those in the forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements are general economic conditions, competition, potential technology changes, changes in or the lack of anticipated changes in the regulatory environment in various countries, the ability to secure partnership or joint-venture relationships with other entities, the ability to raise additional capital to finance expansion, and the risks inherent in new product and service introductions and the entry into new geographic markets.
For further information which could cause actual results to differ from the Company's expectations, as well as other factors which could affect the Company's financial statements, please refer to the Company's report filed with the Securities and Exchange Commission.
Media contact: Robert Cathey, 423/584-0550 or rcathey@ackermannpr.com
Investor contact: Matthew W. Fossen, CFO Viking Capital Group, Inc. 972/386-9996 or mfossen@vcgi.com
To receive news on VGCP via e-mail, send your name and e-mail address with the words ``add to VGCP list' to lstelte@ackermannpr.com.
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Contact:
Ackermann Public Relations
Robert Cathey, 423/584-0550
or
Viking Capital Group, Inc.
Matthew W. Fossen, 972/386-9996 |
