vcgi.com
Where are Viking Capital's financial statements?
Viking Capital's 10KSB for 1997 is online. It can also be obtained by searching the SEC Edgar database.
When was Viking Capital Group, Inc. founded?
Viking Capital was founded in 1986 as a Utah public company under section 61-1-10 of the Utah Securities Act. The company was allowed out of Utah Securities Division Escrow in early 1990, when it was reorganized and its name was changed to Viking Capital Group, Inc.. In 1993, management began structuring, capitalization and filing (SEC Form 10) as a fully reporting company with the SEC. All SEC responses were completed in July 1994. Marketmakers were established by late 1994, and the company began trading on the over the counter Electronic Bulletin Board on January 20, 1995.
What is Viking Capital's mission?
To become the nation's premier provider of specialized administration services for insurance companies, banks and other financial institutions while simultaneously, efficiently purchasing and managing its own portfolio of insurance company assets.
What is Viking Capital's corporate asset goal?
$1.5 billion in managed insurance portfolio assets within sixty months of capitalization.
How many common shares does Viking Capital have outstanding?
23,665,487 as of July 8, 1998
How many shares are currently listed on the corporation's stockholder listing as tradable shares?
8,176,696 as of July 8, 1998
What percentage of the outstanding shares is owned or controlled by officers, directors and others who would be restricted by SEC trading rules as to the percentage of their shares that they could trade on any trading day or period of time?
36% or 8,589,140 common restricted shares as of July 8, 1998
How does Viking Capital plan to grow to $1.5 billion within sixty (60) months after capitalization?
By constantly purchasing insurance managed portfolio assets via the purchasing of asset-based insurance companies.
Is there an abundance of such insurance assets available in the insurance industry marketplace today?
Yes. Since 1980 when the interest-sensitive type of insurance products came out, many medium to small insurance companies have found it difficultto compete. Lacking economies of scale, they have been forced to merge, sell, or restructure their operations to become more efficient. This trend has been accelerating in the 1990's as banks and other financial institutions have entered the insurance market place.
How does Viking Capital plan to bring the utilization of its insurance databases to the internet and integrate client employee benefit plans and other insurance companies into its systems onto the internet?
Viking Capital has signed a strategic joint venture with Transaction Information Systems, Inc. of New York (TIS) to address these ongoing issues. First, TIS, jointly with Viking, is developing a Viking robust technical architecture that will allow Viking to place all its databases and its customers on the internet. Also, TIS will do all integration of Viking's purchased insurance companies and its corporate clients. TIS will continue to service the web sites for Viking and Viking's clients worldwide.
Who is Transaction Information Systems, Inc. (TIS)?
TIS is a leading provider of electronic commerce solutions for the financial services industry. Its one-of-a-kind software factory, FLITE™, produces interactive and visual applications that enable institutions to become market innovators and leaders. TIS has approximately 500 employee nationwide. (See January 16, 1998 press release.) (TIS's web site is www.tisny.com)
Who is IXNET?
IXNET and IPC are world leaders in the delivery of integrated multimedia communications solutions to the financial trading industry. Their patented digital TRADENET MX turret is the most widely installed voice trading system in the world. IXNET has approximately 600 customers worldwide and approximately 800 employees. IXNET is a subsidiary of IPC. (See June 16, 1998 press release.) (IXNET's web site is www.IXNET.com)
What is the relationship between TIS and Viking?
TIS with Viking Systems, Inc. (VSI - a wholly owned subsidiary of VCGI) developed the Company's web centric Universal IP™ System. This system integrates Java applets, video and audio search engine and individualized information channels that can drive relevant information to customers about their account or insurance coverage over the Internet. VSI will also provide this system to unrelated corporate customers for a fixed monthly fee, for periods of seven to ten years. IXNET will provide the data transport over its extensive fiber optic network from the Viking computers to the corporate customer via its private, secure Extranet and Internet.
What is the relationship between IXNET and Viking?
IXNET provides the Company, via its wholly owned subsidiary Viking Systems, Inc. (VSI) a high performance, private ATM telecommunication network for its eCommerce insurance data processing and administration. IXNET also provides VSI with linkages to securities trading and electronic banking, allowing VSI to make such services available to its corporate customers and its own policyholders.
Are TIS and IXNET business partners with the Company?
Yes, in the sense that each company provides an integral service to the Viking Systems, Inc. business enterprise. TIS provides the VSI corporate customer with integration to the VSI systems, called Universal IP™ Systems, training of the customer's personnel on the system, continuing service day to day and all upgrades as the system is further enhanced as technology moves forward. IXNET also provides the VSI corporate customer with installation, continuous monitoring, maintenance of cable infrastructure, video and call logging systems, communication integration services and complete customer care programs.
How does Viking Capital generate revenue besides its obvious investment income from its purchased managed insurance portfolio?
Viking Capital plans to charge fees for various services provided to other insurance companies and banks. Though these fees are many, and there are charges for each item provided, the services fall into these broad categories:
Outsourcing -- Viking Capital will initially solicit from insurance companies, and later banks, their data-processing needs and administration needs, as it pertains to insurance-type products.
Marketing (Fronting) -- Viking Capital will provide other insurance companies and later banks with the ability to sell their selected insurance products through Viking Capital Life Insurance Company (when purchased), as long as Viking Capital also contracts for their administration and data processing. Products for other insurance companies are marketed throughViking Insurance Services, Inc. (VISI) for a commission override income.
Corporate Consulting -- Viking Financial Services, Inc. (VFS), founded in 1994, will provide corporate financial consulting that, for a fee, entails all areas of financing and corporate structuring.
How is Viking Capital currently structured?
Viking Capital is a publicly held, fully registered SEC-reporting holding company with over 1,000 shareholders.
Is Viking Capital currently trading on the stock market?
Yes. Beginning in January 1995, the stock traded on the Over-The-Counter Electronic Bulletin Board.
What is Viking Capital's trading symbol?
The trading symbol is VGCP.
If I would like to acquire Viking Capital stock, how might a trade be handled?
Call your stock broker anywhere in the USA, and give him or her the name of the company and the symbol.
If I feel that I need additional information from Viking Capital prior to placing a buy order with my personal broker, who would you suggest Icontact?
Contact the corporate office at 972-386-9996 or e-mail viking@vcgi.com. Ask for William Fossen, President, or Matthew Fossen, CFO. If none of the above is available and you wish to have literature sent to you, please leave your name and address with the receptionist, or call Robert Cathey at Ackermann Public Relations at (423)584-0550. Also, you can order the company's filed documents from the SEC in Washington, D.C. We welcome inquiries about our company at anytime.
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