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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (13422)	8/13/1999 2:46:00 PM
From: CIMA	Read Replies (1) \| Respond to of 52051

VGCP - Friday August 13, 1:53 pm Eastern Time Company Press Release Viking's Service Bureau Approach to Providing Services to Financial Institutions Unique and Cost Effective Fee Producing Capabilities for Financial Institutions Also Unique DALLAS--(BUSINESS WIRE)--Aug. 13, 1999--Viking Capital Group, Inc. (Viking), (OTC:VGCP - news) is unique in providing Internet banking (IP Banker), HR/benefits data processing (Benefits IP) and in the near future Life Insurance/data processing and administration (Universal IP) via a Service Bureau system for its corporate customers. By using the service bureau approach whereby Viking hosts, maintains, and upgrades all equipment, software, and telecommunications requirements to provide its services, Viking eliminates the cost of technology obsolescence for its customers while increasing the security levels of its systems. The cost effectiveness of this approach for the financial institutions using the Viking systems are considerable compared to institutions hosting and operating their own 24X7 systems. The largest savings are in the area of on going operations of any of the above systems. By using the Viking systems, the corporate customer can eliminate the technical staff to maintain the system for 24X7 diagnostics, upgrades for new technologies or compliance issues all of which are included in Viking's monthly charges. The systems also include all monthly telecommunication costs associated with linkage to the Viking Service Bureau. The Viking systems thus, provide the corporate customer a cost-effective method of delivering Internet access for all their depositors, plan participants or policyholders. According to industry information, using Internet banking, like IP Banker, transaction costs are approximately $0.01 per transaction compared to $1.07 per transaction in a full service branch banking operation. Viking provides the Bank with other services besides remote banking. These other services such as remote bill pay, securities trading, insurance products and HR/benefits data processing for the banks corporate payroll accounts add monthly service fees to the bank's bottom line. Collectively these fees generally will exceed the fees charged by Viking each month and Viking sends the Bank a check. Industry estimates show the number of commercial banks and credit unions offering Internet banking services will increase by more than 14,000 by 2003 from approximately 1,200 banks in 1998. Viking intends to participate in this Internet banking demand by contracting with 300 banks by 2001. 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 that 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 that could cause actual results to differ from the Company's expectations, as well as other factors that 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., corporate headquarters in Dallas, is creating a group of strategically positioned companies to provide specialized solutions, 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: vcgi.com. NOTE TO EDITORS: 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. -------------------------------------------------------------------------------- Contact: Ackerman Public Relations Media contact: Robert Cathey, 423/584-0550 rcathey@ackermannpr.com or Viking Capital Group Inc. Investor contact: Matthew W. Fossen, 972/386-9996 mfossen@vcgi.com --------------------------------------------------------------------------------

To: Stock Watcher who wrote (13422)	8/13/1999 2:51:00 PM
From: Katt-000	Read Replies (1) \| Respond to of 52051

EBLD news...audit complete ****************** Entertainment Boulevard Audit Update August 13, 1999 12:27 PM MARINA DEL REY, Calif., Aug. 13 /PRNewswire/ -- Entertainment Boulevard, Inc. EBLD host of streaming content programming via the Internet, has completed its audit, pending the review of the final filing of its Form 10 with the SEC. The company is aggressively preparing documentation for the filing of its Form 10 with the SEC in order to be blue-skied. The audit was performed by Singer, Lewak, Greenbaum & Goldstein, LLP. Upon the filing with the SEC, Entertainment Boulevard will post its financial statements on the Entertainment Boulevard Web site (www.entertainmentblvd.com), and the statements will be available on the SEC site as well. Entertainment Boulevard will announce its new Board of Directors prior to filing the Form 10 with the SEC. About Entertainment Boulevard Entertainment Boulevard, Inc. EBLD , www.entertainmentblvd.com, is one of the leading providers of streaming entertainment-related media on the Internet. Among the firm's award-winning Web sites is one of the most comprehensive interactive music video channels on the Web. Entertainment Boulevard's music site has rapidly become a premier music destination site on the Internet. The firm's mandate of Internet global expansion includes launching current and future Web sites under the umbrella of EntertainmentBlvd.com. Based in Los Angeles, Entertainment Boulevard is aggressively developing and implementing strategic alliances with key commerce and entertainment companies, broadening its presence worldwide. Forward looking statements in this press release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including, without limitation, the continued popularity of the Company's websites and product orders stemming therefrom, increased levels of competition, technological change, dependence upon third party suppliers, and other risks. SOURCE Entertainment Boulevard, Inc.