Victory Capital Holdings Corp. Completes Carrier Services Agreement


BEVERLY HILLS, Calif., April 20, 2004 (PRIMEZONE) -- Victory Capital Holdings Corp. (OTCBB:VTYC) announced today that its subsidiary, On Demand Communications Corp., has executed a Carrier Services Agreement with Ntera, Inc.

"The Carrier Services Agreement with Ntera furthers On Demand's commitment to provide our growing subscriber base the best voice quality while passing along the cost savings that Ntera's network provides," said Harold Gregg, CEO of Victory Capital Holdings Corp.

About Victory Capital Holdings Corporation

Victory Capital Holdings Corporation (OTCBB: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 Ntera, Inc.

Ntera is the ITSP with a carrier grade non-pc based VOIP network that can:


 - Carry over 10 Billion minutes monthly.

 - Seamlessly connect with multiple Industry standard PSTN inputs and
   VOIP inputs.

 - Transport VOIP and PSTN traffic from any industry standard source.
   Ntera supports multiple digital signaling standards such as SS7
   ISUP and most variants of ISDN. Feature Group D/B is also
   supported with both MFR1 and DTMF digits.

 - Deliver toll quality voice with or without compression. Ntera
   currently does not compress any of its U.S. traffic.

 - Deliver the highest quality of service 24-hours-a-day, 365-days-a-
   year via a network designed to bypass all public Internet exchange
   points.

 - Allow affiliates to connect, switch-to-switch, with Ntera at every
   single POP on the network.

 - Support enhanced calling card functionality at the edge, thereby
   enabling single-legged calling cards.

 - Use complex algorithms to continually improve its prices while
   delivering consistent toll quality voice services.

Ntera is a highly efficient VOIP network that delivers consistent toll quality voice services over dedicated bandwidth. Ntera's pragmatic design, that affords maximum connectivity at the edge while focusing critical information at the center, should end the debate as to what is the ideal distribution of intelligence in telephony networks and provides carrier services to ISS and other switch platforms. Visit our website at: (http://www.ntera.net).

Safe Harbor

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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