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PRESS RELEASE ;-)
biz.yahoo.com
Thursday July 8, 10:08 am Eastern Time
Company Press Release
Viking Launches E-commerce
Website Today Featuring Video
Conferencing Technology
DALLAS--(BUSINESS WIRE)--July 8, 1999--Viking Systems, Inc., a wholly owned
subsidiary of Viking Capital Group, Inc. (OTC:VGCP - news), will launch today its first
e-commerce Website. The site - located at www.eoutletdirect.com - initially will offer a
video
conferencing enabled PC. Viking Systems' own private label PC, called VidNet PC,
offers
2-way video communications over Internet and LAN connections.
VidNet PC's multimedia power comes from a special purpose processor that operates
at 3.6
billion operations per second, thus taking the burden of video processing away from the
main
CPU. The technology is compliant with MPEG and streaming video/DVD standards.
VidNet
PC also enables the use of digital (IP) video on broadband standards such as ISDN,
ADSL,
satellite and cable modem technologies.
''VidNet PC presents a compelling, cost-effective video conferencing solution that does
not
require the expense of specialized, dedicated equipment or the recurring cost of
high-bandwidth
solutions,'' said Garry Millar, president of Viking Systems, Inc. ''And, as digital
standards
emerge and broadband availability pushes into lower price brackets, VidNet PC
technology
will take full advantage, giving users faster frame rates and higher resolution. It's a
product that
makes the transition from current bandwidth to future broadband without skipping a
beat.''
About Viking Systems, Inc.
Viking Systems, Inc., is a wholly owned subsidiary of Viking Capital Group, Inc.
(VGCP-OTC), headquartered in Dallas. Viking Systems, Inc. is responsible for all data
processing and technology needs of its parent and sister companies and its external
customers.
VSI's focus is 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, in cooperation with its sister companies, applications and
additional
products and services over the private network and the internet. These internet based
products
and services include Universal IP (insurance), IP Banker (remote banking), Benefits IP
(employee benefit plan data processing), and IP Trader (securities trading) and IP
Marketer
(sales organizations). The Company's target market is financial services operations such
as
banks, insurance companies, and employee benefit plans.
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:
Media: Ackermann Public Relations, Knoxville
Robert Cathey, 423/584-0550
rcathey@ackermannpr.com
or
Investors: Viking Capital Group, Inc., Dallas
Matthew W. Fossen, 972/386-9996
mfossen@vcgi.com
www.vcgi.com
Regards,
TOPSTOCK |
