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Microcap & Penny Stocks : Viking Resources (VIKG) -- Ignore unavailable to you. Want to Upgrade?

To: Roger Bodine who wrote (731)	7/26/1999 10:49:00 PM
From: KS	Read Replies (1) \| Respond to of 738

Nobody has mentioned this acquisition...any comments? ************************* Viking Resources International, Inc. Announces Acquisition of TouchStone International, Inc. BusinessWire Friday July 16 10:14am TRENTON, N.J.--(BUSINESS WIRE)--July 16, 1999--Viking Resources International, Inc. (OTC BB:VIKG) Thomas E. Patterson, Chairman and CEO, announced today that Viking Resources International, Inc. has acquired TouchStone International, Inc. of Atlanta, GA. Mr. Patterson stated, "I am pleased to announce a new addition to our growth plan for Viking. TouchStone International brings an active and growth business into the Viking fold. As a professional group they have already exceeded projections and appear to be on the way to setting records in sales. Mr. Karl Watts and Mr. Phil Aaron have contributed their expertise in the area of public speaking and motivation and carry a long list of accomplishments in this area. These gentlemen, along with Mr. Robert Mills and Ms. Dottie Holman give TouchStone a well-rounded and professional management structure to assure growth now and in the future. Viking continues to grow and will seek out businesses that offer long term profitability without undo cash drain to the Company. Our goal continues to be profitability through the growth of current companies and future acquisitions." TouchStone International, Inc., a direct marketing company, markets discounted benefit packages to individuals and businesses allowing members to realize group buying discounts. TouchStone had $865,000 in sales their first year and is on track to reach sales of $2 million in 1999. TouchStone's theme is never paying retail again. The Company markets wholesale and below wholesale services and products through thousands of independent distributors. Power buying assures the best negotiated pricing on over 250,000 name brand items included with a free double manufacturers warranty as well as a double the difference price guarantee on all purchases. In addition, TouchStone also offers discounted travel, discounts on car rental, 50% off hotels, golf discounts, health care savings, vehicles at fleet rates (corporate pricing), long distance (7.9 cents per minute), savings on home mortgage and refinancing costs, and more. TouchStone is currently negotiating with multiple national service providers and continues to pass on these discounted services at no additional cost to all benefit package owners. Viking also stated that TouchStone, as a wholly owned subsidiary will be a long term financial benefit, bringing credibility along with its principals and adding to Viking's asset base. Additionally, the TouchStone acquisition comes with minimal dilution through a combination of stock and options. Viking Resources International, Inc. is a diversified holding company with divisions in the aviation and marketing industries. Except for any historical information presented, the matters discussed in this release are forward looking statements and are subject to risks and uncertainties that could cause actual results to differ materially. Contact: Viking Resources International, Inc, Trenton Addam Chandler, Investor Relations, 877/786-7885 or Eric Estoos, Public Relations, 509/764-8021 or Rob Solarchik, Media Relations, 516/596-6241 Source: BusinessWire