SOURCE: Victory Capital Holdings

July 25, 2005 10:28 ET

Victory Subsidiary Announces Caribbean Reebok Sales Agreement

LOS ANGELES, CA -- (MARKET WIRE) -- July 25, 2005 -- Victory Capital Holdings Corporation (OTC BB: VTYC) announced today that its wholly owned subsidiary, L&M Resources Inc., has acquired the Reebok Retro Sports Tee Shirt line sales and distribution rights for all the Caribbean Islands.

"As significant as the sales and distribution rights for Mexico and South America are to L&M, we know having all the Caribbean and a piece of the lucrative tourist trade is even more exciting. Initial interest in the line has been fantastic and we have already assembled a very talented and aggressive sales team ready to start writing orders immediately," stated Martin Barrack, President of L&M Resources, Inc.

Jon Fullenkamp, CEO of Victory Capital Holdings Corp. added, "We are pleased to have acquired the sales and distribution rights for the Reebok Retro Sports Tee Shirt line for the entire Caribbean in addition to the rights for Mexico and South America. Martin and his team have worked aggressively over the years to develop an influential list of prominent contacts as evidenced by this transaction. We anticipate additional sales and distribution agreements in the near future."

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