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Victor Industries Hires New President and CEO

ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.

Victor Industries Hires New President and CEO

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FOR IMMEDIATE RELEASE

Victor Industries Hires New President and CEO

Provides Update to Business Plan Phase II

CANADA, ONTARIO, MISSOULA, May. 2 -/E-Wire/-- Victor Industries, Inc. (OTCBB:VICI) is pleased to announce that Carson Coleman, formerly of UAP ConAgra, has joined the Company as President and CEO.

Penny Sperry, former President of Victor Industries stated, "Mr. Coleman has extensive experience in bringing new product brands to the marketplace, including such notables as Growers Choice, Fred Meyer, and several UAP ConAgra brands. The Company has reached the stage that it can attract the level of talent that Mr. Carson represents in the fertilizer business. From the beginning, our core management team has intended to hand the reins of the Company over to industry-specific professionals and this is the first step towards taking our organization to the next level. We are confident in Mr. Carson's abilities, and we welcome him to the team."

Mr. Coleman added, "Victor Industries has developed a new and unique product for the fertilizer business. The combination of slow release fertilizer, coupled with soil conditioning and water retentionis quite unique and should command premium prices. The business model shows great profit margins with a potentially large market. As we ramp up our marketing strategies and they begin to take hold, we anticipate sales to begin in the next few months. Although most major retailers make purchase decisions in August, there is ample opportunity to begin sales earlier as we have plans to attack those markets. We look forward to communicating details of our progress when appropriate."

Update on Business Plan Phase II

Phase I of our business plan is to "charge" our patent pending compound with commercial fertilizers to produce a long lasting, non-leaching fertilizer/soil conditioner.

Moving forward, Phase II of the plan is to "charge" our product with ammonia and phosphates from CAFO's (Concentrated Animal Feeding Operations), in turn producing a certifiable organic, long lasting, non-leaching fertilizer/soil conditioner. The ammonia and phosphates are the same chemical whether originating from fertilizers or animal waste streams. CAFO's are the subject of new regulations coming from the EPA (Environmental Protection Agency). For more information, see www.epa.gov and enter "CAFO" in the search area.

With Phase II underway, the Company has begun discussions with a university to begin studies on the most efficient method of introducing our compound to the animal waste stream, and "harvesting" a "charged" product.

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.

Ron Pellett, 406/251-8501

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