LOS ANGELES, Feb. 1, 2005 (PRIMEZONE) -- Victory Capital Holdings Corporation (OTCBB:VTYC) responds to George Sharp's press release.
The Company announced that it is aware of the George Sharp lawsuit filed in San Diego Superior Court. Management believes the suit is wholly without merit and boarders on frivolous. The Company intends to vigorously defend itself and take all appropriate action.
"We have a standing policy to not publicly respond to lawsuits. This case will be tried in a courtroom, not in the press. We believe this lawsuit is wholly without merit and boarders on frivolous, given the facts we will ultimately prevail," stated Jon Fullenkamp, Chairman and CEO of 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.
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.