SOURCE: Victory Capital Holdings

July 29, 2005 18:00 ET

Victory Clarification for L&M

LOS ANGELES, CA -- (MARKET WIRE) -- July 29, 2005 -- Victory Capital Holdings Corporation (OTC BB: VTYC) clarification for L&M Resources and its pending non-exclusive agreements with the Reebok Retro Sports apparel line.

"It has come to our attention that the preliminary agreements for the sales and distribution of the Retro Sport line is still subject to the approval of Reebok International for the markets in Mexico, South America and the Caribbean. The prior press release indicating rights were already approved was made prematurely. I anticipate a favorable response from them shortly," stated Martin Barrack, President of L&M Resources.

"We apologize for the premature release of this information. We are anxious to begin offering the line through our network of distributors," stated Jon Fullenkamp, CEO of Victory Capital Holdings Corp.

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.

Contact Information

  • CONTACT:
    Victory Capital Holdings Corporation
    Investor Relations
    (916) 965-6439
    Email Contact