BEVERLY HILLS, Calif., May 12, 2004 (PRIMEZONE) -- Victory Capital Holdings Corp. (OTCBB:VTYC) announced today that Mr. David Mpojeannis has accepted the Company's offer to become the CEO of its wholly owned subsidiary, On Demand Communications Corp.
David Mpojeannis has a 15-year record of demonstrated success in sales, marketing, business development and corporate management at the executive level. Mr. Mpojeannis is recognized as a savvy entrepreneur with equal passions for marketing and technology.
In addition to having held key positions with market leaders including IBM, 3Com, Cisco Systems and NCD, he has co-founded several successful technology companies. In 1999, David helped co-found Uniexchange Corporation, a privately held, Toronto-based, software development company focused on telephony and unified communications. Serving as President, David led the company to quickly become successful and developed innovative communications technologies for service provider clients worldwide.
In December 2000, he was instrumental in co-founding Emphasys Communications, a company offering a high-tech business marketing and unified communications services bureau. Mr. Mpojeannis also co-founded and was CEO of Rapid Technologies Group, Inc., which operates several technology companies, including uFax Corporation, an Internet FaxMail service provider, and Rapid Telco Systems, a vendor of enhanced communications solutions to service providers worldwide.
Mr. Harold Gregg, Chairman of Victory Capital Holdings Corporation, stated, "We are very excited to bring in a CEO of David's caliber at this stage of our corporate development with OnDemand. David brings industry specific expertise, a vast network of contacts and most importantly, the leadership necessary to build OnDemand into the premier company in the industry."
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.
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.