SOURCE: Invicta Group Inc.

November 16, 2006 09:00 ET

INVICTA GROUP INC. Announces Reverse Split of Common Shares

FT. LAUDERDALE, FL -- (MARKET WIRE) -- November 16, 2006 -- Invicta Group Inc. (OTCBB: IVGA) announced effective today the company will complete a Reverse Split of the common shares. The new symbol for Invicta Group Inc. is (OTCBB: IVGR).

Invicta Group Inc.'s Board of Directors has voted to Reverse Split the common shares 100 x 1 (1 for 100). The current issued and outstanding shares as of November 15, 2006 were 974,489,367. The number of shares after the Reverse Spilt will be 9,744,894; fractional shares will be rounded up at 1/2 share.

On 9/25/2006 Invicta's Board filed a Definitive Proxy Statement (Schedule 14C) with the Security Exchange Commission to increase the company's authorized shares to 5 Billion; management has reconsidered and will not increase authorized to 5 Billion shares. The Board has decided the Reverse Spilt of the stock is the best opportunity for the company to succeed.

The Board of Directors approved the Reverse Stock Split for several reasons: 1) the Board believes that the low stock price impairs the acceptability of our common stock to potential acquisition candidates, 2) the price adversely affects our ability to raise additional working capital, 3) the current low price of our stock lacks credibility as a viable business and the company is negatively impacted, 4) the reverse stock split will also have the effect of increasing the number of shares of common stock available to us for future issuances; the Reverse Stock Split will not change the number of authorized shares of common stock, remaining at 1 Billion shares.

William Forhan, Invicta's CEO, stated: "The Board is negotiating several mergers/acquisitions and the current capitalization of the company hurts our ability to complete the transactions. Management's goal is to restructure the capitalization of the company and complete mergers in an effort to increase revenues and generate a profit in the near future. Invicta announced on November 2nd the signing of a Letter of Intent to acquire an EMarketing Company that has an Email database of 70 Million; we continue to work on the closing of this transaction and believe the Reverse Split will make it easier to complete the acquisition."

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 70 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, tour packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site

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