VGCP - Company Press Release
Hitz Joins Viking Systems as Operations VP
DALLAS--(BUSINESS WIRE)--March 9, 1999--Viking Systems, Inc., a subsidiary of Viking Capital Group, Inc. (OTC BB: VGCP) announces the appointment of Barbara Hitz, as senior vice president of operations, reporting directly to the president of Viking Systems, Inc.
Hitz brings to Viking Systems extensive experience and leadership within the employee benefits and human resources industries. ''Barbara will be instrumental in the roll-out and growth of the HR service package, we call Benefits-IP,'' said Garry Millar, president of Viking Systems. ''VSI plans to implement Benefits-IP on a wide scale as an attractive outsourcing service for existing employee benefit plans.''
In addition to her impressive benefits career, Hitz has a thorough background and insight into the development and deployment of large scale networks. ''With Barbara's leadership, I feel that the growth of the Viking Capital Financial Network (VCFN) is in very capable hands,'' said Millar. Hitz added, ''I am very excited about the future at Viking Systems, Inc. The opportunity to build-out a truly global financial communications network that VSI has planned for the parent company, is truly unique.''
VCFN will host several custom internet based enterprise applications. These applications will allow VSI to serve its future customers (parent company VCGI, its subsidiaries, insurance companies, employee benefit plans and banks) with the technology needed for insurance administration, employee benefit administration and remote banking.
Hitz has over 15 years entrepreneurial and executive experience in the personal computer, HR industry, software applications development and the management of billing systems. She also has provided consulting services through her own company specialized in the provision of employee benefits and human resources consulting. Prior to her direct involvement with VSI, Hitz ran HR Systems Assist, LLC a nationally recognized company that successfully implemented HR systems for Atmos Energy Corporation and Burlington Northern Santa Fe Railroad. Hitz holds a Bachelor's Degree in Accounting from Draughns Business College.
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 at - HYPERLINK vcgi.com
About Viking Systems, Inc.
Viking Systems, Inc., (VSI) is a wholly owned subsidiary of Viking Capital Group, Inc. (OTC BB: VGCP) and is responsible for all data processing and technology needs of its parent and sister companies and its external customers. VSI's focus is on 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, through its sister companies, applications and additional products and services over the private network and the Internet. The Company's target market is financial services operations such as banks, insurance companies, and employee benefit plans.
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Investor contact: Matthew W. Fossen, CFO
Viking Capital Group, Inc. 972/386-9996 or mfossen@vcgi.com
NOTICE: Individuals who wish to receive news on VGCP via e-mail please send their name and e-mail address with the words ''add to VGCP list'' to sgonzalez@ackermannpr.com. Documents will be sent in RTF and inline text formats.
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Contact:
Viking Capital Group Inc., Dallas
Investor Contact:
Matthew W. Fossen, 972/386-9996 |
