SOURCE: Victory Capital Holdings

August 23, 2005 09:00 ET

L&M Resources Chosen to Represent Premier Vintage Leather Belt Line

LOS ANGELES, CA -- (MARKET WIRE) -- August 23, 2005 -- Victory Capital Holdings Corporation (OTC BB: VTYC) announced today its wholly owned subsidiary, L&M Resources Inc., has signed a distribution agreement with Linea Pelle, the premier vintage leather belt designer in the USA. Linea Pelle has granted to L&M sales and distribution rights for Linea Pelle branded belts into the United Kingdom, Caribbean, Italy, Mexico, and South America.

Linea Pelle is renowned for the production of the finest vintage-style belts, distinguished by custom craftsmanship and avant-garde style. Established in 1986, the couture designs are marked by an expert eye and impeccable attention to detail. Utilizing the finest Italian leather and inimitable hardware, sourced worldwide, each belt is created by hand to impart a distinctive look for every anthology. Mirrored in every introduction is Linea Pelle's unequivocal commitment to quality, style and shaping the evolution of fashion's darling. (www.lineapellecollection.com)

Martin Barrack, President, L&M Resources Inc., states, "In looking for an accessory line to complement our existing offerings, we could not have been more fortunate to strike this agreement with Linea Pelle. Their lines of vintage leather belts grace the waistlines of the 'Who's Who' in Hollywood and they are represented in all the better department stores and hundreds of the finer clothing boutiques across North America. Our international distribution channels are very enthusiastic for this opportunity."

In other corporate related matters, Victory Capital continues to work on the documentation for filing of the second quarter reports and is scheduled to have them filed this week.

About Victory Capital Holdings Corp: Victory Capital Holdings Corporation (VTYC) is a publicly traded company designed to leverage the assets of existing businesses, with proven technology and to infuse those assets with marketing, management and financial support to become the recognized leader in its space (http://www.vtyc.com).

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.

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    Victory Capital Holdings Corporation
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