Victory Energy (VYEY)

[dave5197]

Press Release Source: Victory Energy Corporation

Victory Energy Announcement
Friday November 10, 9:00 am ET

LOS ANGELES, CA--(MARKET WIRE)--Nov 10, 2006 -- Victory Energy Corporation (OTC BB:VTYE.OB - News) -- The Board of Directors announced today that the Company will effect a 25:1 reverse split of its common stock.
The new CUSIP number for the common stock is: 92643X206.

The new stock symbol for the common stock is: VYEY.

The effective date of the reverse split is at the open of business November 10, 2006.

All fractional shares shall be rounded up to the nearest whole share.

All shares must be tendered to the transfer agent in physical format for exchange by the transfer agent into new consolidated shares of the company.


Interwest Transfer Company Inc.
1981 East Murray Holladay Rd.
P.O. Box 17136
Salt Lake City, Utah 84117
Phone: [phone]
Fax: [phone]
"The intent and purpose of this restructuring is to allow the company to facilitate its financing plans, which will enable the development of the existing oil and gas properties the Corporation currently has underway, thus benefiting long term shareholders," states Jon Fullenkamp, Chief Executive Officer of Victory Energy Corporation. "Additionally, the Corporation can aggressively position itself to close other properties currently in negotiations, the most promising being a large prospect located in the West Texas Palo Duro Basin."

About Victory Energy Corporation: Victory Energy Corporation (http://www.vtye.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]



--------------------------------------------------------------------------------
Source: Victory Energy Corporation


Email Story
Set News Alert
Print Story






Sponsor Results
30% - 400% Stock Gains
Free Stock Option Trading Guide. Learn Stock Option Secrets.
www.visioninvesting.com
Jim Cramer's Stock Money Investment Pick
Find out Jim Cramer's next trade before he makes it. For $349.95, get access to Jim's personal portfolio and e-mail alerts, along with a 30-day free trial.
www.thestreet.com
Money Investing Guide
Hot stock picks for tomorrow. Penny stock tip investments, undervalued situations, IPOs, obscure penny stocks, and other great stock picks. Free report.
www.rocketstockpicks.com

(What's This?)



Related Quote
VTYE.OB 0.01 0.00 News
View Detailed Quote
Delayed 20 mins
Providers - Disclaimer


Related News Stories
· Victory Energy: Mesa Prospect Underway - Market Wire (Thu Nov 9)
· VICTORY ENERGY CORP Files SEC form 10QSB/A, Quarterly Report - EDGAR Online (Mon Nov 6)
· VICTORY ENERGY CORP Financials - EDGAR Online Financials (Tue Aug 29)
· VICTORY ENERGY CORP Files SEC form 10QSB, Quarterly Report - EDGAR Online (Mon Aug 21)
More...

--------------------------------------------------------------------------------

· By industry: Oil & Gas Drilling & Exploration






Top Stories
· Intel to Spend $1B on Vietnam Plant - AP (8:07 am)
· Stock Futures Up on Energy Price Drop - AP (7:19 am)
· Ex-HP Ethics Chief Pleads Not Guilty - AP (6:16 am)
· Oil Prices Drop Below $61 a Barrel - AP (7:25 am)
More...

--------------------------------------------------------------------------------

· Most-viewed articles




RSS Feeds
Add headlines to your
personalized My Yahoo! Page
( About My Yahoo! and RSS )

VTYE.OB Headlines
My Yahoo RSS Oil & Gas Drilling & Exploration Headlines
My Yahoo RSS More Finance RSS Feeds




--------------------------------------------------------------------------------

Copyright © 2006 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Ad Feedback
Copyright © 2006 Market Wire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.