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Non-Tech : CECC - On the Brink of a cashless society

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To: rjm2 who wrote (5)	8/1/2003 1:08:10 PM
From: Tadsamillionaire	Read Replies (2) of 13

Victory Capital Holdings Corporation Announces Majority Stake in C.E.C. Industries Victory Capital Holdings Corporation (OTCBB:VTYC - News) has announced today that it has opened escrow to acquire control of C.E.C Industries, Inc. (OTC:CECC - News) through the acquisition of approximately 80% of the outstanding shares of the C.E.C. Industries in a private transaction. "C.E.C. Industries is in the process of acquiring a company in the debit card/stored value card space. This is an area in which we are extremely interested and we believe we can enhance the value of C.E.C. in conjunction with other companies we are targeting," stated Richard Zinman, CEO of Victory Capital. Victory Capital Holdings Corporation, organized and domiciled in Nevada, provides long-term investment capital to support the expansion of emerging growth companies. Victory Capital leverages the assets of existing, proven technology and infuses those assets with marketing, management and financial support to become the recognized leader in its space. C.E.C. Industries, Inc., a Nevada Corporation, is now actively enacting their business plan developed over the past several months. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. -------------------------------------------------------------------------------- biz.yahoo.com

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