Victory Capital Holdings Corp (VTYC)

[Golden Cross]

Victory Energy Corporation
Monday May 8, 10:41 am ET


LOS ANGELES, CA--(MARKET WIRE)--May 8, 2006 -- Victory Capital Holdings Corporation (OTC BB:VTYC.OB - News) announced today it has changed its name, to Victory Energy Corporation.
The name Victory Energy Corporation more accurately reflects the direction of the company, the industry that the company is pursuing and identifies its position in the market.

"We are pleased with the name selection and name change for the Company. This name identifies the Company into the energy market sector within the oil and gas industry. Victory Energy Corporation will continue its successful march to develop oil and gas properties in North America," stated CEO, Jon Fullenkamp.

About Victory Energy Corporation: Victory Energy 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:
Contact:
Victory Energy Corporation
Investor Relations
Lynne Folks
[phone]