SOURCE: Victory Capital

March 28, 2006 09:00 ET

Victory Appoints New Board Member

LOS ANGELES, CA -- (MARKET WIRE) -- March 28, 2006 -- Victory Capital Holdings Corporation (OTC BB: VTYC) today announced that Carl Burhanan, President of Oasis Aviation, Inc., has been appointed to Victory's Board of Directors.

"We are pleased to welcome Mr. Carl Burhanan to Victory's board of directors," said Jon Fullencamp, Victory's chairman and chief executive officer. "His extensive operating expertise and notable business leadership skills will help drive Victory's development as an emerging diversified oil and gas company."

Burhanan has held executive positions in the petroleum industry and has successfully executed operations, techniques, procedures, training, budgets, contracts and advertising expenditures. The wealth of his experience garnered Burhanan an appointment on the National Petroleum Council.

Mr. Burhanan joined Oasis Petroleum in 1978 and was promoted to President of Oasis Aviation, a petroleum supplier to the aviation industry and airports worldwide, in 1987.It is clear there is a corporate and executive confidence, supported by his career in both the military and non-military fields.

In the world of aviation, Burhanan has played many roles. Burhanan's experience within the helicopter industry is well versed. In this field, Burhanan previously held the position of Detachment Commander, providing higher echelon maintenance to "Helicopter Company," responsible for ascertaining airworthiness of all aircraft, and operations of the entire unit. At the Alternate Command Center for the Armed Forces Burhanan held the position of Aviation Officer where his responsibilities included operations, administration and training. Burhanan also originated a flight-training program to prepare heavy Helicopter pilots for the unique flying conditions in Vietnam. He served as Consultant to Heavy Lift Helicopter Branch Department of the Army. This led to providing all logistical support for the Presidential Helicopter Detachment on a worldwide basis. Burhanan's experience would lead to creating standardization of flight techniques, procedures, and training of all crew members. Burhanan was the sole source of input for this Army handbook. Burhanan eventually became Presidential Aircraft Commander where he was responsible for the safe and timely movement of the President by Helicopter throughout the world.

Burhanan's expertise in the industry began with obtaining a Bachelor of Science in Aviation Administration.

About Victory Capital Holdings Corp: Victory Capital Holdings Corporation (http://www.vtyc.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.

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. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements.

Contact Information

  • Contact:
    Victory Capital Holdings Corporation
    Investor Relations
    Lynne Folks
    (949) 348-0213