MISSOULA, Mont., Sept. 24, 2004 (PRIMEZONE) -- Victor Industries, Inc. (Pink Sheets:VICI) is pleased to announce that its auditors have completed their work on the Company's second quarter 10Q. The Company has instructed a market maker to immediately file an abbreviated Form 15C to re-establish Victor Industries on the OTCBB.
The lull in the volume of trading in the shares of the Company did not prevent progress on the fundamentals. Several of the projects begun before the Company was delisted due to late filings are coming to fruition and will be reported on as they are completed and evaluated.
Victor Industries will be accepting Steve Salzburg as Chief Executive officer. (Please see Mr. Salzburg's C.V. below.) Steve has been instrumental in bringing the compost test with Magic Valley compost and the initial sod test of Envirolizer.
"Steve has an extensive background in marketing, which is what we need at this point and in the future. We have developed several new products for the GSA (General Service Administration) as well as commercial sales," said Lana Pope CFO of the Company.
The Company's webpage will be updated after a short re-construction phase which will include the capability for our customers to buy on line as well as through an 800 number.
About Victor Industries
Victor Industries has a patent pending product that absorbs ammonia before it degrades to nitrates and phosphates and then releases these nutrients on plant demand. The long-term goal is to absorb nitrates and phosphates from CAFO's (Concentrated Animal Feeding Operations) such as super dairies, pig and chicken farms. When the compound is saturated, it would be "harvested" as a long lasting, non-leaching truly organic fertilizer/ soil amendment.
Accomplishment of this goal would reduce the amount of pollution from two of the largest sources of nitrate and phosphate pollution, fertilizers and CAFO's. The Company has developed ENVIROLIZER(tm) which comes pre-charged with fertilizer as the fastest way to cash flow.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the Company and its operations are included on certain forms the Company files with the Securities and Exchange Commission.
STEVEN D. SALZBURG
PO Box 965
Pacific Palisades, California 90272
Phone/Fax: (310) 459-8999
E-mail: GreenInitiative@msn.com
Curriculum Vitae
Education: Mansfield College, Oxford University, B.F.A.
School of Visual Arts, New York
GREEN INITIATIVE 2003 - Present
Founder, Director
Responsible for the formation of an overarching brand identity and
service organization for "Green" products and services.
JOLT ENTERTAINMENT 1998 - Present
Director and Writer
Responsible for writing original screenplays for producers and
directors such as Oliver Stone, Geena Davis, Chris Columbus, Rene
Harland, Arnold Kopelson, Mark Gordon, Ridley and Tony Scott.
F&S BIOGENESIS GROUP INC 1994 - Present
President and CEO
Assembled and oversaw a think tank/research group which received
multiple patents pertaining for anti-viral properties of olive leaf
compound, specifically dextrarotatory elenolic acid.
Author of Off the Record "Singers on Songwriting" for Graham Nash of
Crosby, Stills, Nash & Young. Publish by Andrews McMeel
2002
NATIONAL AIDS INFORMATION LINE 1990 - 1994
Founder and Director
Pioneered the first 900 charitable donation information line linked
directly to telephone billing.
VISIBLE INK PRODUCTIONS, London 1980 -1988
Owner and Creative Director
An advertising agency specializing in the entertainment industry,
producing work in all media: Videos, CD and album sleeves/covers,
print advertising - in store, point of purchase. Although small
the agency garnered more creative awards in some years than all
other agencies combined. Purchased media, produced and directed
work for such clients as Polygram, Phonogram, Polydor, Atlantic,
Mercury, Stiff, Elton John, Dire Straits, Van Morrison, Phil
Collins, Donna Summer, Kool and the Gang, Jodi Whatley, INXS,
Tears for Fears, etc. For many years Visible Ink received more
"New Music Media" creative awards then all other agencies of its
type.Oversaw inception and creative work for "Live Aid." The first
global linked charitable rock concert later to become Band Aid.
Sir Bob Geldof was eventually knighted by the Queen of England
for his work creating the event.Consultants to Bursen Marsteller,
a subsidiary of Young & Rubicam, with special responsibility for
pitching and acquiring new clients and developing marketing and
advertising strategies and materials. Results - Minolta,
International Harvester, and DeLorean Motor Car Corporation.
Designed and coordinated Delorean European launch, initiated
marketing and advertising materials, TV, print and other.
Consulted on design of the car.
YOUNG & RUBICAM, Bruxelles 1977 - 1980
Creative Director
Responsible for administrative duties and overall control of
creative product for fourteen countries. Successfully developed
advertising campaigns and promotion for such corporations as
Pepsi Cola, Levi Strauss, United Brands, Chrysler, CitiBank,
Kleber Tires and Xerox. Worked with ALTON TOWERS theme park and
Phillips, Eindhoven to develop first virtual reality hardware.
YOUNG & RUBICAM, London 1975 - 1977
Senior Art Director
Responsibility for the creative product in all media for such
clients as Cadbury, Shweppes, Pepsi Cola, Proctor & Gamble, Levi
Strauss and British Airways.
YOUNG & RUBICAM, New York 1970 - 1975
Art Director
Responsible for the creative product for all media - print, radio
and television - for such clients as Dr. Pepper, Eastern Airlines,
General Foods, Metropolitan Life, Johnson & Johnson and Chrysler
Corporation. Responsible for inception of Y&R Leisure Corp.