SOURCE: Invicta Group Inc.

Invicta Group Inc.

March 01, 2010 08:30 ET

Invicta Group Signs Agreement With Les Walgreen and Appoints Him Director of Product Development

Heir to the Walgreen Drugstore Fortune Adds Tremendous Experience and Relationships to the Invicta Group

CHICAGO, IL--(Marketwire - March 1, 2010) - Invicta Group Inc., (http://www.ivitgroup.com) (PINKSHEETS: IVIT) is pleased to announce the signing of an agreement with Les Walgreen and his appointment to Director of Product Development. Mr. Walgreen brings over 20 years of valuable experience to help increase the revenues and profits of the Invicta Group.

Les Walgreen is the great-grandson of Charles Rudolph Walgreen Sr (the founder of Walgreens) and the son of Charles R. Walgreen III C.E.O. from 1971-1998 and who recently retired from the board as Chairman Emeritus. Les worked for the Walgreen Co. starting as a stock boy at age 16. By the age of 25, he was involved in the store systems of the Marketing Systems & Development department. In 1995, Les started Walgreens.com and it immediately made an impact on recruitment and by 1996 had the very first scannable coupons for customers to print and take to the stores. By mid 1996 Les founded Manta Media, a web, print and multimedia design and marketing firm. Real Estate was his next passion in the 2000's, however his foresight that the market would soon be unstable, jumped right back into what he knows best: retail. Les is also a Partner in the Cold Mountain Group, Maxwell Street, LLC, and Peaux Deaux Products and Peaux Deaux Productions. His first executive producer role in film had him throwing the biggest and best party at Sundance in 2008 at the world famous Harry O's.

Les Walgreen said, "I am very excited to work with Paul Sorkin and the Invicta Group team. I have been working on a number of great projects recently and the Invicta Group is the perfect partner to help me create, develop, and market the products and projects I am developing. I have always been an entrepreneur and a visionary and I love what the Invicta Group has put together. I have been very impressed with their infrastructure, their ability to utilize the economies of scale so effectively, and with what they have accomplished so quickly. I feel I can help the company grow significantly and create a big upside for everyone involved. 2008 was a pivotal time in my career, I partnered with Cold Mountain Group to bring emerging products to the retail world. My career has gone full circle, I'm still a stock boy, only difference is now I do it for 1,000's of shelves at a time! My father built the Walgreen Co. into what it is today by making sure to hire the brightest and best. With the Invicta Group, Paul has done exactly that and it makes a lot more sense for me to be part of the exceptional team that he has already built!"

CEO of the Invicta Group, Paul Sorkin, said, "Les Walgreen is an incredible addition to our team and I'm looking forward to working with him on a number of projects. Mr. Walgreen shares our vision and has the ability to help multiple divisions of Invicta and add new ones. Les brings in a whole arsenal of new clients, partners, and contacts that can immediately benefit from all of the services we offer. We expect his experience, skill, and relationships to help us increase our printing and packaging division tremendously, while using his entertainment relationships to expand IMAGE Chicago Magazine in print, online, and at events, and his ability to place products in mass retail outlets will benefit everyone involved. We feel this is a huge turning point in our company's ability to take things to the next level."

About Invicta Group, Inc.

INVICTA GROUP, Inc. (PINKSHEETS: IVIT) is a full service multimedia management and marketing company. The Invicta Group is a conglomerate that utilizes shared resources to create synergies between their projects and companies and creates a lower cost of entry into the marketplace and almost instant start up capabilities for new products, services, and clients. www.IVITgroup.com

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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