SOURCE: Invicta Group Inc.

February 21, 2006 09:43 ET

Invicta Group Inc. Management Reduces Debt by $330,000

MIAMI BEACH, FL -- (MARKET WIRE) -- February 21, 2006 -- Invicta Group Inc. (OTC BB: IVGA) announced today that its management team has converted $330,000 of Deferred Compensation to stock, valued at market price $.001 per share; no options were offered.

Invicta's management team of Bill Forhan, David Scott, and Mercedes Henze converted $330,000 Deferred Compensation: $170,000, $60,000 and $100,000 respectively to Preferred stock.

Bill Forhan, CEO, states: "The management team has again accepted stock in Invicta because we believe the stock is undervalued. Management has been deferring salaries in 2003 and 2004 and again 2005, to maximize IVGA working capital. Invicta's management converted over $620,000 in Deferred Compensation in January 2004. We may convert additional stock in place of Shareholder Loans and Deferred Compensation in an effort to continue diminishing liabilities and increasing equity in the company."

Invicta Group Inc.'s management is restructuring the company with a new business model that will focus as an Internet Media Company that specializes in the Travel Industry. Invicta has developed a website for its newest subsidiary, Travel Hotlink, an Internet Media Company that offers travel discounts to North America travel enthusiasts that are seeking discounted travel products worldwide.

Invicta has also announced signing a signing a Letter of Intent to acquire an Internet Media company located in London, United Kingdom; due diligence is being completed.

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 40 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

Invicta also owns a Las Vegas tour operator offering travel and entertainment products for Las Vegas travelers:; and a cruise-only company offering discounted cruises:

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