Press Release

From: Seymour Cushman <seymour_c_at_wallstreetinvestor.com>
Date: Wed, 16 Oct 02 01:32:07 GMT
Message-ID: <0210160132071566_at_pen6.pen.k12.va.us>

Press Release Source: Victor Industries Victor Industries Signs Canadian Distributor Monday, October 16, 1:02 am ET MCMINNVILLE, Ore.--(BUSINESS WIRE)--Oct. 16, 2002--Victor Industries, Inc. (OTCBB:VICI - News) announced that the Company has entered into an exclusive distribution agreement with Servimex Canada LTD. Servimex will have exclusive distribution rights in Canada, Mexico, Brazil, Argentina and Chile. "Leandro has arranged the production of a Canadian approved version of our ENVIROLIZER(tm) box with both French and English on the package. His initial order of 5 tons will be shipped in one ton super sacks and boxed locally. We have been concentrating our efforts at marketing primarily in the west so far but have received some interest from the East coast as well. As I said in our last release I will announce distributors as they are signed," said Carson Coleman CEO of the Company. "The exclusive nature of Servimex Canada LTD is dependent on certain minimum orders in which I have confidence Mr. Silva can meet and hopefully exceed. We have to remember that this is the first product of its kind offered on the market and to expect a lengthy educational process. However, as the consumer comes to realize the convenience of watering and fertilizing their plants less frequently as well as the environmental benefits of reducing nitrate and phosphate pollution the Company believes our orders will continue to increase." 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 Exchange 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 operation results 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. Contact: Victor Industries Carson Coleman, 503/435-8165 colemans_at_viclink.com or Servimex Canada LTD Leandro Silva, 204/452-0964 Fax: 204/452-9936 servimex_at_shawbiz.ca Source: Victor Industries Email this story - Set a News Alert Received on Wed Oct 16 2002 - 03:32:07 CEST