Victor Industries Inc. Files Definitive 14A, Merger With Ethos Environmental Inc. Imminent

by louabbott on October 6, 2006

SAN DIEGO, October 6, 2006

Victor Industries Inc. (OTCBB:VICI) is pleased to announce that an Information Statement will be mailed, on or before October 11, 2006, to shareholders of record as of October 3, 2006 for a vote with respect to the pending merger with Ethos Environmental, Inc., (“Ethos”) among other matters. The Annual Shareholder Meeting will be held on October 23, 2006 in accordance with Idaho law. It is anticipated that the merger with Ethos Environmental Inc. will close shortly thereafter.

Ethos’ 2005 Revenue grew to nearly $1.8 million resulting in a gross profit of $1.25 million. Through the first six months of 2006, Ethos’ revenue has exceeded $2.7 million and generated in excess of $1.75 million in gross profit. Ethos recently completed negotiations of new long-term contracts, which will allow annual expansion through 2009. Responding to this dramatic increase in sales, Ethos has purchased a new, state of the art 70,000 square foot facility to better facilitate production and distribution of its products, thereby satisfying the significant growth in world-wide demand. The inauguration of Ethos’ new San Diego facility is anticipated later this month.

Read the entire article here

Also, read our company overview:  Ethos Facts, News and Review

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