SOURCE: Invicta Group Inc.
Final Numbers Expected to Be Released in Mid August
CHICAGO, IL–(Marketwire – July 12, 2010) – Invicta Group Inc. (http://www.ivitgroup.com) (
The Invicta Group is a conglomerate that utilizes shared resources to create synergies between their projects and companies. At the present time the company is involved with the following projects: St. Louis Packaging, STL Graphics, STLprintShop.com, Gold Coast Surgery Center (formerly Water Tower Surgery Center), Chicago Affordable Cars, Peaux Deaux Products with Les Walgreen, IMAGE Chicago Magazine, Luxe Lifestyle Productions, Clearwire, REMz sleep drink, and United Fuel Savers.
The following is a brief summary of the current projects. All 3 STL projects are maintaining and growing our current clients and adding new clients every quarter. Water Tower Surgery center was the entity we had a joint venture with and has now changed ownership control and changed its name to Gold Coast Surgery Center. The Joint Venture agreement Invicta had with Water Tower has now been amended to a marketing agreement focusing on physician recruitment for Gold Coast Surgery Center. Chicago Affordable Cars is continuing to buy and sell lower priced cars. Peaux Deaux Products and Les Walgreen have signed multiple clients to representation agreements and have placed some products into retail distribution and continue to work on others. IMAGE Chicago Magazine and Luxe Lifestyle continue to put together quality event productions and promotions and publish a local magazine. Invicta still has an agreement in place with Clearwire but has reduced the dedicated resources towards this project. REMZ is a new joint venture that the Invicta Group is starting to introduce to possible distribution outlets and United Fuel Savers has some very large potential agreements in the works that would benefit the Invicta Group tremendously if they are approved.
Overall the Invicta Group has maintained its primary focus on creating efficiencies within specific projects to help reduce the overall expenses and maximize opportunities while adjusting projects as needed. The Company has been narrowing its focus towards the core product development products and services which include printing and packaging, product placement, and branding and marketing.
CEO of the Invicta Group, Paul Sorkin, said, “I am very proud of our team’s ability to adapt to all types of situations and our continued growth. Our business model allows us to maximize opportunities while reducing our risk related to those projects that don’t achieve the expected success. My vision has always been to create a solid foundation, with a quality team, where we could utilize shared resources to grow. We are positioning ourselves for long-term growth and sustainability and we are continuing to evaluate a number of opportunities.
Many shareholders have asked if we have been or are issuing any free-trading shares to raise capital for the company or if we are involved in a 504 funding program. The answer to both of those questions is No. The company is not and has not sold any free-trading shares for funding and has not set up any 504 type of funding. The only shares that have been issued, when appropriate, were restricted shares to attract quality talent to our projects and to acquire the rights to specific assets, and free-trading shares to allow investors who waited over a year to convert their convertible notes. Overall and despite the current market and economic challenges we are committed to our goals of long-term growth of the company and enhancing shareholder wealth. We believe that these efforts have been successful since we have increased our sales by approximately 2000% from the Second Quarter 2009 to the Second Quarter 2010. We believe that this growth has been accomplished through the successful decision-making process of the Company and we will continue to evaluate all options to help the Company achieve future success.”
About Invicta Group, Inc.
INVICTA GROUP, Inc. (
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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