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Microcap & Penny Stocks : Viking Capital Group, VGCP- Internet play on the move! -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (539)	6/18/1999 9:48:00 AM
From: topstock	Read Replies (1) \| Respond to of 588

PRESS RELEASE biz.yahoo.com Friday June 18, 9:18 am Eastern Time Company Press Release Viking Names Schrank to National Sales Director Post DALLAS--(BUSINESS WIRE)--June 18, 1999--Viking Capital Financial Services, Inc. (VCFS), a wholly owned subsidiary of Viking Capital Group, Inc. (VGCP-OTC) has named Oran Schrank as the company's national sales director. Schrank comes to Viking from Willow Bend Mortgage Company, where he served as executive vice president and in other positions since 1994. VCFS is the unit of Viking Capital Group that will be responsible for financing activities related to all Viking subsidiaries as well as offering financing services to the Company's customers. Schrank's responsibilities include hiring an initial national sales force with the Company's associated Broker Dealer that will total 60 sales representatives by the end of the year. VCFS plans to open six U.S. offices in conjunction with the associated Broker Dealer. The first office will be located within the Viking headquarters in Dallas. Each office will house ten sales representatives, a office manager and a sales manager. Schrank has worked in the financial services industry since 1993. He came to the industry from a 24-year career in sales and sales management for sophisticated industrial and commercial electronic components. This included the establishment and operation of his own electronic supply business, Ranger Electric Supply, from 1978 until 1987. Schrank is a graduate of the University of Texas at Arlington. ''Oran's background gives him the technical training to understand Viking's business plans,'' said Curt Swenson, chairman of VCFS. ''He understands what it takes to build and manage a successful sales organization in a fast-growth environment, because he has hired and managed large national sales forces.'' Viking Capital Group - the parent Company of VCFS - plans to file with the Securities and Exchange Commission a repurchase plan for the repurchasing of some percent of the Company's common stock once the Company has purchased its first life insurance company. VCFS will be responsible for this repurchase plan and its daily activities. About Viking Capital Financial Services VCFS provides capital services for Viking subsidiaries and to Viking's corporate customers. VCFS provides Viking's corporate customers such as banks and insurance companies with financial consulting, restructuring and capital services that have a need for these services because of extensive growth after outsourcing various services to Viking's subsidiaries. Learn more about Viking Capital and its subsidiaries by visiting our World Wide Web site: www.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. Contact: Viking Capital Group Inc., Dallas Matthew W. Fossen, 972/386-9996 Regards, TOPSTOCK