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Tuesday, 07/06/2004 11:33:28 AM

Tuesday, July 06, 2004 11:33:28 AM

Post# of 91551
Buying VGME(p) at .001

Victory Capital Holdings Corporation Receives Initial Asgard Holdings, Inc. Order

2004-07-06 11:07 ET - News Release

Also News Release (U-VTYC) Victory Capital Holdings


BEVERLY HILLS, Calif. -- (Business Wire) -- July 6, 2004

Victory Capital Holdings Corp. (OTCBB:VTYC) announced
today, that under its Marketing Agreement with Asgard Holdings, Inc.,
it has received an initial order for 15,000 "Virtual Office" units.
Each unit is priced at $24.95 and is paid monthly by each unit holder.
"As this communications frontier unveils, we are excited that
Asgard has further validated this sector by placing this open ended
order. On June 21 we set an EBITDA goal of $74,750.00 for the month
ending July 2004 and with this initial order we are raising this goal
to $250,000," stated Harold Gregg, CEO of Victory Capital Holdings
Corporation.
Mr. Virgil Williams, CEO of Asgard Holdings, Inc. (OTC:VGME)
commented, "This contract initiates an immediate revenue stream for
both of our companies that is a culmination of our new business plan.
We will concentrate our efforts to ensure this plan is successful
prior to implementing further strategic alliances. The company
appreciates the shareholder loyalty and patience as plans come to
fruition. With the Enrollment Letter of Intent that we executed and
publicly announced with SYZYGY, Inc. on May 10, 2004, we have now
begun this exciting enrollment process. SYZYGY represents a client
base of over 1 million people in the United States."
Victory Capital Holdings Corporation (VTYC) organized in Nevada,
is a publicly traded company. The Company is designed to leverage the
assets of existing, proven technology and to infuse those assets with
marketing, management and financial support to become the recognized
leader in its space.
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.
Contacts:

Virtual Gaming Enterprises, San Diego
Virgil Williams, 760-510-0088
or
Victory Capital Holdings Corporation
Harold Gregg, 866-570-6992


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