SOURCE: Victory Capital Holdings

July 27, 2005 09:39 ET

Victory Subsidiary Announces Exclusive Sales & Distribution Agreement

LOS ANGELES, CA -- (MARKET WIRE) -- July 27, 2005 -- Victory Capital Holdings Corporation (OTC BB: VTYC) announced today that its wholly owned subsidiary, L&M Resources Inc., has signed an exclusive sales and distribution agreement with Rudewear Ltd based in London, England. (www.rudewear.co.uk)

This agreement gives L&M the exclusive rights to sell and distribute Rudewear, Rude Apparel, and the RudeCube lines of clothing in North America, Central America, South America, and the Caribbean.

Rudewear Ltd launched its new fashion label in 2003, targeting the 18 to 35 year old individual who likes something simple, yet on the edge. The marketplace responded with a strong vote of confidence, and sales quickly exceeded all expectations. "Winning the exclusive rights to sell and distribute a hot, up and coming label like 'Rude' validates the talent and market savvy L&M brings to the industry," stated Martin Barrack, President of L&M Resources, Inc.

To develop, organize and manage the growing sales force and marketing needs of L&M, they are pleased to announce the hiring of Joel Presser as its Sales Manager. Mr. Presser is a seasoned sales professional with a very diversified background with over thirty years experience in the apparel industry. "I am very excited about the cashmere line of sweaters and tops that L&M is developing. The quality and pricing will allow my sales team and I to immediately establish L&M as a serious supplier of product in this staple and timeless niche," stated Joel Presser. Having recently come from the Haggar Clothing Company where he was VP Sales Marketing & Merchandising, he left the corporate world to establish his own successful sales and marketing company. While Joel has been focusing on national accounts such as clothing store chains and department stores, he has also assembled and brings with him an existing team of six sales representatives strategically placed across North America to reach the large number of boutique clothing stores. "We are thrilled to be able to attract and hire a talented, entrepreneurial minded, sales professional like Joel into our family and look forward to a profitable future together," stated Mr. Barrack.

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

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    Victory Capital Holdings Corporation
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