Bought more VGCP, news out today, bigger news next week-
(BSNS WIRE) Viking Systems Inc. and Netnote International Ltd. Sign Agre
Viking Systems Inc. and Netnote International Ltd. Sign Agreement for Use and
Distribution of Full Range of E-commerce Technolgies
Business Editors & High Tech Writers
DALLAS--(BUSINESS WIRE)--Feb. 18, 1999--Viking Systems, Inc.,
(VSI) a wholly owned subsidiary of Viking Capital Group, Inc.
(OTC: VGCP), and Netnote International, Ltd. announce the signing
of a Memorandum of Understanding (MOU). The MOU provides for three
definitive agreements giving VSI reseller rights to Netnote
International's state-of-the-art E-commerce hardware solutions and
software products.
The first in this new family of products is called webnote(TM), a
stylish sub-notebook size device with touch screen, color display and
keyboard. The complete unit weighs about 2 lbs. The webnote(TM) is
also equipped with smart card technology to provide additional
security which acts as a "web access key" providing a unique
identifier, perfect for transactions that need additional security
like financial transactions. The final agreements open the door for
VSI to offer a wide range of network access tools to Viking Systems
Network (VSN) clients, enabling their customers more secure and cost
effective access to their Internet-based accounts.
The agreements include:
-- A VAR agreement covering the full range of network computing
hardware products.
-- A Software License Agreement covering the use,
implementation and sale of the Netnote International
embedded Operating System software and "Graphical User
Interface."
-- A Distribution Agreement covering the use and distribution
of the Netnote International smart WebAccess card-key
security technology for use within the VSN Insurance and
Banking applications.
Garry Millar, President of Viking Systems, said, "The Netnote
technology gives our clients' customers access to the latest in
network computing devices and software. At VSI our main task is to
manage the Viking Systems Network by hosting out-sourcing applications
for the Insurance, Banking, Employee Benefits and Securities
industries for the benefit of our own internal needs and our
customers' needs. Part of our customer service strategy is to make
available to our customers the latest tools and technology to make the
most of our server based computing environments."
Brendan Farrell, CEO of Netnote International, Ltd., said,
"We are a software company who has combined unique smart card
technology to produce a range of dedicated Internet access products.
The webnote(TM) products, incorporates an easy to use interface making
connection to and transaction on the Internet simple. The product
focuses on the power of network computing. Additional security and
functionality is available through smart card technology allowing the
user to launch and access task specific sites. It's the perfect tool
to use as the 'front end' hardware interface to an e-commerce system.
The webnote(TM) product range is designed for easy Internet access and
specific Internet applications. We are very excited about Viking
Systems Network using our technology, Viking is an excellent example
in the new era of Application Service Provision."
Netnote International has developed a unique range of products,
specifically aimed at making access to the Internet and other forms of
electronic communication and commerce over the Internet as intuitive
as using the telephone. A preview of the products soon to be available
to VSN client customers can be seen at www.netnoteinc.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.
About Viking Capital Group, Inc.
Viking Capital Group, Inc., head office in Dallas, is creating a
group of streamlined companies to provide specialized administration
services, using proprietary technology to reduce costs and improve
quality of service to insurance companies, banks and other financial
institutions. Simultaneously, the Company plans to purchase and manage
its own portfolio of insurance Company assets. The Company's strategic
goal is to acquire $1.5 billion in insurance managed assets through
the purchase of existing life insurance companies. Viking is a fully
reporting SEC Company and is traded on the OTC - BB market under the
symbol VGCP.
Contact Viking on the World Wide Web. vcgi.com
About Netnote International, Ltd.
Netnote International Ltd. is a privately owned software and
product innovation company with head offices in Dublin Ireland. The
company is focused on developing products, which make electronic
communications simple to use for everybody. Netnote International is
managed and directed by a team of highly successful international
businessmen. Netnote products are manufactured by global contract
manufacturing partners.
For further information contact Netnote at press@netnoteinc.com.
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--30--LS/na*
CONTACT: Ackermann Public Relations
Media Contact:
Robert Cathey, 423/584-0550
or
Viking Capital Group
Investor Contact:
Matthew W. Fossen, 972/386-9996
KEYWORD: TEXAS
INDUSTRY KEYWORD: BANKING INSURANCE COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT |
