Victory Capital Holdings Corp. Board of Directors Provides Corporate Update


LOS ANGELES, Jan. 11, 2005 (PRIMEZONE) -- Victory Capital Holdings Corporation (OTCBB:VTYC) announced today that its Board of Directors has authorized the formation of four (4) new subsidiary companies, for the purpose of completing two acquisitions in the first quarter of 2005 thereby clearly reflecting the direction of the company.

Victory Capital Holdings Corp. will form the following majority owned subsidiary companies: 1.) Victory Communication Services Corp., to consolidate the OnDemand Communications and Unity Voice platforms. 2.) Victory Information Technologies Corp., for specific revenue producing technology acquisition currently under negotiation 3.) Victory Financial Services Corp., to consolidate the Global Card service offerings and Corporate Network brokerage operations and; 4.) Victory Automotive Group Inc., for a specific revenue producing acquisition in the automotive parts industry currently under negotiation.

Victory Capital Holdings further provides that its goal for the first quarter of 2005 is to have each subsidiary individually audited and structured to be individually managed so as to be compliant with the guidelines set forth by the Securities and Exchange Commission (SEC). It is the Company's intention, that upon completing the formation of these subsidiary and when each subsidiary is income producing and compliant with the SEC regulations, the Company shall cause a "yet to be determined" stock dividend to be issued to the shareholders of record of Victory Capital Holdings Corp. Provided that these subsidiaries meet these guidelines, it is the desire of Victory Capital Holdings Corp. to distribute these dividends as new issues, to be publicly traded under unique symbols.

"I am pleased that our Board has resolved to form and consolidate our subsidiary holdings. By taking this action, our shareholders will have an increased opportunity of realizing equity value while participating in our overall growth model," stated Jon Fullenkamp, CEO of Victory Capital.

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.



 http://www.vtyc.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.


            

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