Thursday July 22, 9:22 am Eastern Time
Company Press Release
Viking Systems' National Recruiting Program for IP Banker Sales Force Underway
DALLAS--(BUSINESS WIRE)--July 22, 1999--Viking Systems, Inc. (VSI), a wholly owned subsidiary of Viking Capital Group, Inc. (OTC:VGCP - news) is now actively recruiting a group of financial services representatives for its IP Banker service. IP Banker is Viking's bankers service bureau which provides remote banking and bill payment services to banks. The national sales force of professionals is planned to have at least one individual in each state and two individuals in Texas and California. The company has currently identified candidates in Texas, New York, Florida, Georgia, Kentucky and New Jersey.
''We've begun identifying candidates for account representatives in every state,'' said Garry Millar, president of Viking Systems, Inc. ''Successful applicants can look forward to benefiting from a generous compensation plan based on the number of institutions they bring to our service bureau with continuing compensation each year from newly added services. Our team will work with banks, savings and loans and credit unions to identify needs and create custom solutions under the IP Banker service.''
IP Banker provides a full suite of services associated with remote Internet banking (including remote bill pay services) and is structured as a service bureau. Viking provides a turnkey solution that includes all required hardware, software and telecommunications links necessary to operate an individual bank's remote Internet banking needs.
''We have positioned IP Banker as the solution that eliminates concerns regarding the cost of technology obsolescence, a significant factor of concern to financial institutions,'' Millar said. ''We have structured a service to financial institutions that provides a substantial net gain to them, is free from technology obsolescence and allows them to keep their current customers.''
The IP Banker service bureau offers Internet banking, bill payment and eventually bill presentment services to customer institutions that do not wish to staff up or manage Internet based technologies themselves.
Millar continued, ''For a fixed fee, Viking provides everything a bank needs to 'get on the Net.' This includes the host servers, the communications link, the router, racks and equipment, custom Web presence, custom interface to their core accounting system and administrative training.''
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.
IP Banker, Universal IP, Benefits IP, IP Trader, and Viking Capital Financial Network are trademarks of Viking Capital Group, Inc.
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Contact:
Media Contact: Ackermann Public Relations & Marketing
Robert Cathey, 423/584-0550
rcathey@ackermannpr.com
or
Investor Contact: Viking Capital Group Inc., Dallas
Matthew W. Fossen, 972/386-9996
Web: www.vcgi.com
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