Deal announced between VXCH and VGCP!-
(BSNS WIRE) Viking Systems, Inc. Announces Under $500 Video Conferencing
Viking Systems, Inc. Announces Under $500 Video Conferencing Technology That
Millions Can Afford to Purchase Over the Internet
Business Editors/Technology Writers
DALLAS--(BUSINESS WIRE)--March 4, 1999--
Viking E-Commerce Website to Offer MAXpc Technology as First Product
Viking Systems, Inc., a wholly owned subsidiary of Viking Capital
Group, Inc. (OTC: VGCP), has completed an agreement with MAXpc
Technologies, Inc. of Dallas and will begin selling products over the
Internet.
The deal gives Viking the right to sell all MAXpc products,
including a card with patented embedded technology for parallel
processing. This contract gives Viking one of its first products to be
sold via their e-commerce transaction area soon to be available on the
Viking Capital Financial Network web portal. The first product, an IP
video conferencing card, will sell for $499 (U.S., retail). Slated for
retail availability by the end of March, Viking Systems is adding this
tool to their suite of technologies which it believes will encourage
use of the Viking Capital Financial Network, a virtual private network
established to facilitate a wide range of secure, high-speed
transactions via the Internet.
The agreement was signed with MAXpc Technologies, Inc. of Dallas.
MAXpc is a wholly owned subsidiary of Voxcom Holdings, Inc.
(OTC BB: VXCH). Terms of the deal give Viking the right to sell the
MAXpc technology, capable of transforming most PCs into video
communication stations. The MAXpc processor technology operates at 3.6
billion operations per second and takes the burden of video processing
away from the system CPU. The technology offers full-motion, 2-way
video communications over high speed Extranet/Intranet connections,
and is compliant with MPEG and streaming video/DVD standards. The
technology can operate over standard telephone lines, (analog) but is
intended to enable the use of digital (IP) video on emerging standards
such as ISDN, ADSL, satellite and cable modem technologies.
"Using conferencing and application sharing utilities that ship
with the product and are also freely available via the Internet, our
customers will be able to leverage their connection to our virtual
private network with video to potentially every desktop." said Garry
Millar, President, Viking Systems, Inc.
"When we announced our e-commerce plans earlier this year, we
were astounded at the volume of inquiries from companies interested in
using our network to sell their products. An analysis of our cost
structure and business model proved to us that Viking Systems could
add this e-commerce capability to our overall endeavors on a very
competitive cost basis. MAXpc made perfect sense as the place to
start, because it encourages use of the underlying network.
"We're already looking at a range of other products Viking could
offer to users of our network, which was established to facilitate
secure financial transactions over an IP network. This could prove to
be an unexpected bonus in terms of our e-commerce plans."
Viking Systems expects to sell the card as well as a complete
turnkey package as a multimedia PC built around the card. While
pricing for the PC solutions will vary according to options selected
by the customer, the card alone may be purchased for $499.00 (U.S.).
The complete turnkey package will be priced to remain competitive with
other PCs even though they do not utilize MAXpc technology.
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., 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 - HYPERLINK
vcgi.com
About MAXpc Technologies, Inc.
MAXpc is a revolutionary, one-of-a-kind accelerator card for IP
video communications and processing. The product was designed
specifically to equip the desktop computer with the power required for
full-motion video communications via the Internet. It is the first
product of its kind to utilize the cutting edge VLIW Supercomputer
technology. MAXpc Technologies include MAXconference (a true-motion
desktop video communication system over the Internet), MAXvideo (a
high-quality desktop media accelerator that provides audio and video
recording, editing and playback, DVD, MPEG-1, and streamed video
viewing over the Internet or LAN, plus positional and wavetable audio
and surround sound.)
Contact MAXpc on the World Wide Web: www.maxpc.com
----------
Media contact: Robert Cathey, 423/584-0550 or rcathey@ackermannpr.com
Investor contact: Matthew W. Fossen, CFO
Viking Capital Group, Inc. 972/386-9996 or mfossen@vcgi.com
NOTICE: 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.
--30--LM/na*
CONTACT: Viking Capital Group Inc., Dallas
Investor Contact:
Matthew W. Fossen, 972/386-9996
or
Ackermann Public Relations
Media Contact:
Robert Cathey, 423/584-0550
KEYWORD: TENNESSEE TEXAS
INDUSTRY KEYWORD: INSURANCE BANKING PRODUCT
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