Viking Investments Group, Inc. Announces Agreements
SEVERNA PARK, MD -- (Marketwired) -- 04/07/14 -- Viking Investments Group, Inc. ("Viking") (OTC Pink: VKIN) (PINKSHEETS: VKIN) is pleased to announced it has signed two agreements with an investment banking firm based in New York City (the "IBF"), an Advisory Agreement and a Placement Agent Agreement. The IBF is a member in good standing of the Financial Industry Regulatory Authority.
Pursuant to the Advisory Agreement, the IBF will provide, among other things, advice and consultation regarding the strategic direction and financial objectives of Viking, including with respect to acquisitions and other transactions presently being considered by Viking. Pursuant to the Placement Agent Agreement, the IBF will assist Viking on a best efforts basis with raising capital, both debt and equity, to facilitate the completion of suitable transactions as determined by Viking's management.
As indicated in its transition announcement on February 28, 2014, Viking provides professional advisory and consulting services to established companies in the United States and Canada with superior management and positive cash flow, but in need of specific expertise to advance their particular business plan.
Viking is not an investment company, as defined by the Investment Company Act of 1940.
Viking will file an 8-K with respect to the foregoing in compliance with SEC regulations.
Safe Harbor Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.
CONTACT: For additional information please contact: Viking Investments Group, Inc. 1330 Avenue of the Americas, Suite 23A New York, NY 10019 Email: IR@vikinginvestments.com Website: www.vikinginvestments.com (will be updated accordingly)
Source: Viking Investments Group, Inc.
Released April 7, 2014