"When a company is late filing an annual or quarterly report there is an "E" attached to the company symbol so that investors can still get a quote. In Victor's case the symbol will be VICIE.OB. There are no current disagreements with our auditors or anything like that, it is just a busy time of year for accountants with the tax filing deadline. We anticipate the "E" will only be on the symbol for a short period of time and then it will return to the original symbol," explained Lana Pope, CFO of the Company.
In other news, Victor Industries has retained Icor Relations, a division of Icor Group for investor relations and product sales. Platon Petratos, managing director of Icor Relations stated, "we have already purchased a sizable number of shares in VICI. I have been visiting the Company the past week completing our due diligence. The patent regarding the invention looks like it will issue soon, a test on adsorbing ammonia and phosphates from animal waste streams is expected to begin at a slightly later date at a pig farm conducted by a University professor, the new products look terrific and Envirolizr(tm ) should be making sales in roads this year. As a part of our agreement with the Company we will undertake to add our efforts to those sales."
Anyone with questions or comments should call Platon Petratos at 305-978-9153
About Victor Industries
Victor Industries has a patent pending product that absorbs ammonia, before it degrades to nitrates, and phosphates and then releases these nutrients on plant demand. The long term goal is to absorb nitrates and phosphates from CAFO's (Concentrated Animal Feeding Operations) such as super dairies, pig and chicken farms. When the compound is saturated it would be "harvested" as a long lasting, non-leaching truly organic fertilizer/ soil amendment. Accomplishment of this goal would reduce the amount of pollution from two of the largest sources of nitrate and phosphate pollution, fertilizers and CAFO's. The Company has developed ENVIROLIZER(tm), which comes pre-charged with fertilizer as the fastest way to cash flow.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the Company and its operations are included on certain forms the Company files with the Securities and Exchange Commission.