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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Patric who wrote (12667)	1/14/1999 9:15:00 AM
From: RCJIII	Respond to of 29382

Amigos, VGCP unveils E commerce Internet Services- Thursday January 14, 8:36 am Eastern Time Company Press Release Viking Launches E-Commerce Internet Services Company Showing Web Portal to Potential Clients in Financial Services Industry DALLAS--(BUSINESS WIRE)--Jan. 14, 1999--Consumers of financial services will have the ability to enter a single Web site and access multiple accounts from multiple financial institutions under a new e-commerce system unveiled today by Viking Systems Inc., a subsidiary of Viking Capital Group Inc. (OTC: VGCP - news). The system links the user to a summary of their financial information on a single screen from different financial institutions, such as banks, insurance companies, securities firms and individual employee benefit plans. This in turn allows access to each account for on-line transactions at each financial institution. For example, if the user's financial institutions are a part of the Viking private network and a consumer's bank account, insurance company account, employee benefits account, and brokerage account is with those institutions, that consumer can get all of their financial information from one screen instead of going to several separate Web sites. Banking, insurance, investments and employee benefits are among the services targeted for integration under the system. ''Convenience, security, speed and reliability are the primary selling points,'' said Garry Millar, President of Viking Systems Inc. ''We're creating a unique e-commerce opportunity, one that's tough to replicate in bricks and mortar. We've started showing our systems to potential clients, and the reaction is very positive. The financial services providers to whom we are talking understand the value of giving their customers a greater level of convenience than they can obtain elsewhere.'' 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. About Viking Capital Group Inc. Viking Capital Group Inc., headquartered 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 - a fully reporting SEC company - is traded in the OTC market under the symbol VGCP. Contact Viking on the World Wide Web at www.vcgi.com. -------------------------------------------------------------------------------- Contact: Ackermann Public Relations Robert Cathey, 423/584-0550 (Media Contact) rcathey@ackermannpr.com or Viking Capital Group Inc. Matthew W. Fossen, 972/386-9996 (Investor Contact) mfossen@vcgi.com