LOS ANGELES, Dec. 16, 2004 (PRIMEZONE) -- Victory Capital Holdings Corp. (OTCBB:VTYCE) announced today that it has executed a Communications Agreement with Union Media to provide Unified Communications, Calling Card and VoIP Residential and Business termination with a potential national, annual roll-out of 2,200,000 new customers to the Victory Capital technology platforms. Under the terms of the Agreement, Union Media shall immediately provide no less than 20,000 unique customers with an Average Monthly Subscription (AMS) of $19.95 for Unified Communications, $50.00 for Calling Card and $32.45 per month for Residential VoIP dial tone service.
"This is an exciting agreement, one which should provide a high level of participation at the grass roots level, driving a loyal base of revenue for the company. This particular contract has capitalized on a lifetime of relationships that CEO Jim Boardman and the Union Media staff have established. Deploying our current suite of products through this business relationship will build profitability and provide a platform to develop new and interesting applications for Victory's products," stated Jon Fullenkamp, CEO of Victory Capital Holdings Corp.
Jim Boardman, Chairman/CEO of UnionMedia.net said, "Our mission is to become the Unity Voice for the unions of America, where both union management and union members can seamlessly communicate. This agreement will not only cut union communication cost but will increase member productivity by enabling access to real time union information. This newly established relationship with Victory was an obvious next step in achieving our company mission."
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 Union Media: The mission of Union Media is to provide one voice for the Labor Union Movement through access to and sharing of news across all Union Groups. Union Media specializes in the development and delivery of electronic media and cable news services for the Union community. The goal is to build a centralized Labor News Channel for all Labor organizations, using online media and television channels to advance their efforts. Union Media will enable union officials to affordably reach their members through private and secure communication channels. The custom tools will concentrate the union's diverse sources of knowledge to one central location, enabling better decision making by providing immediate access to key information. For further information visit http://www.unionmedia.net.
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.