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

To: Arthur Marigold who wrote (568)	10/7/1999 2:40:00 PM
From: HEMI	Read Replies (1) \| Respond to of 588

Company Press Release Credit Union Execs Like What They See in Public Unveiling of Viking's IP Banker DALLAS--(BUSINESS WIRE)--Oct. 7, 1999--``Dare to be Different' was the theme of the Texas Credit Union League Leadership Conference trade show held in San Antonio, TX. Viking Systems, Inc. - a wholly owned subsidiary of Viking Capital Group, Inc. (OTC: VGCP - news) used the trade gathering as a platform for the first public showing of IP Banker, Viking Systems' comprehensive service bureau based system designed to provide credit unions, banks and other financial institutions an easy transition to Internet banking. Consensus was that IP Banker was quite ``Different.' More than 60 credit union-related companies displayed at the show, which was attended by senior executives and management from across the state of Texas. Several credit union executives requested one-on-one demonstrations of the IP Banker system. Feedback on the system's operation was very positive, most of it revolving around three items that were described as unique to IP Banker compared to other systems in the market: 1. ability of the systems to display the front and back of a canceled check. 2. better security than other systems, due to ``Monetary Password' feature required for financial transfers. 3. very user-friendly online help functions 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. About Viking Capital Group, Inc. Viking Capital Group, Inc., head office in Dallas, is creating a group of streamlined companies to provide specialized administration services, 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 at 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 mfossen@vcgi.com Web: www.vcgi.com