LOS ANGELES, Dec. 15, 2004 (PRIMEZONE) -- Victory Capital Holdings Corp. (OTCBB:VTYC) (OTCBB:VTYCE) announced today that it has executed a Unified Communications Agreement with WorldNet, Inc. to provide Unified Communications, Calling Card and VoIP Residential and Business termination, with a potential national, annual roll-out of 100,000 new customers to the Victory Capital technology platforms. Under the terms of the agreement, WorldNet shall provide monthly, no less than 500 unique customers with an Average Monthly Subscription (AMS) of $19.95 for Unified Communications, $20.00 for Calling Card and $19.95 per month for Residential VoIP dial tone service.
"WorldNet's unique approach to bringing telecom products to market will provide an immeasurable contribution towards the education of our consumers and will formally introduce Unified Communication capabilities to tens of thousands of new users. Given this type of direct approach, Victory should realize its revenue guidance for the second quarter of calendar 2005. We encourage our shareholders to review the required 8-k filing of this Agreement which provides a clear understanding of this relationship," stated Jon Fullenkamp, CEO of Victory Capital Holdings Corp.
Randy Nein, Chairman/CEO of WorldNet, Inc. said, "The future truly has come to this. Now anyone can make the world their office and all they need is a phone and Internet. With new telecommunication and unified communication features such as advanced phone, fax, email and voice recognition, WorldNetOffice and Victory are now positioned to become the world's leading provider of unified communications and advanced telecommunications services. This alliance will change the way we communicate and enable businesses of all sizes to improve their efficiency, increase productivity, and most importantly, increase the bottom line net profits."
About Victory Capital Holdings Corp: Victory Capital Holdings Corporation (VTYC), organized in Nevada, is a publicly traded company. The Company is designed to leverage the assets of existing, proven technology and to infuse those assets with marketing, management and financial support to become the recognized leader in its space.
About WorldNet, Inc: WorldNet, Inc. is a marketing and business development company. They provide a full spectrum of automated sales and marketing solutions, along with the worlds finest in Customer Relationship Management (CRM) tools. WorldNet's Pay Only for Results services has been successfully used by companies large and small, ad agencies, PR firms (it's their best kept secret), national associations, non-profits, and government agencies worldwide. The vision of WorldNet, Inc. is to provide extraordinary results for businesses and entrepreneurs! Our technology-based approach will change the way business conducts business. The WorldNet Team is comprised of Certified Business Partners and Independent Marketing Representatives all dedicated to business success. The company's mission is to provide technology that is simple and easy to use.
http://www.worldnetcommunications.com/
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.