VXCH signs deal with VGCP for sale of MAXPC-
(COMTEX) B: Viking Systems, Inc. Announces Under $500 Video Conferenc
B: Viking Systems, Inc. Announces Under $500 Video Conferencing Technology That
Millions Can Afford to Purchase Over the Internet
DALLAS (March 4) 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 |
