Viking Investments Group, Inc. Announces Transition
SEVERNA PARK, MD -- (Marketwired) -- 02/28/14 -- Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) today announced that it will transition its business focus to North America and announced the appointment of a new director to its Board of Directors to assist in this transition.
After the transition, Viking's primary business is to provide professional advisory services, that could include investment services, to established companies located in the United States and Canada that have a strong management team and positive cash flow.
Viking intends to transition its business focus to North America. This transition includes negotiating adequate funding to implement its long term business plan. More specific information on these topics will be forthcoming.
Viking has appointed Michael Heilman to its Board of Directors. Mr. Heilman has a wide range of executive, management and hands-on experience in both corporate (public) America and the private sector. He has experience, knowledge and understanding of all phases of business including sales, marketing, finance, technology and personnel. For the past ten years, Mr. Heilman has provided consulting services to mainly startup private companies in health care, media entertainment, financial services, LED lighting, document management, mining, investment immigration, and most recently heavy oil extraction. On the public side, his experience includes profitable acquisitions and sale of operating companies, restructuring company equity positions, establishing proper shareholder and investor relations, and implementing proper accounting controls to support audit requirements.
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.
Until Viking's Investor Relations have been fully transitioned, for additional information please contact: Michael Heilman, Director Viking Investments Group, Inc. Severna Park, Maryland USA Direct Office: 410-647-9609 Direct Email: Email Contact Direct Skype: mikeheilman Website: www.vikinginvestments.com (will be updated accordingly) Website Email: Email Contact
Source: Viking Investments Group, Inc.
Released February 28, 2014