Victory Oilfield Tech, Inc. today announced operating results for the three months ended June 30, 2018 and recent highlights. Second Quarter and Recent Highlights Victory is seeking to raise up to $7 million in a proposed private placement and expects to use the proceeds on distribution channel development, strategic acquisitions, product development and build out of the key executive management team. Victory converted [...]
AUSTIN, Texas, Aug. 02, 2018 -- Victory Oilfield Tech, Inc. , today announced that it has acquired Oklahoma based oilfield service company Pro-Tech Hardbanding Services, Inc. . Pro-Tech is on an active growth curve and is expected to generate $2 million of gross revenue this year, which, if achieved, will reflect an increase in revenue from last year. The Pro-Tech acquisition is just one part of Victory’s plan to [...]
AUSTIN, Texas, June 22, 2018 -- Victory Oilfield Tech today announced that it is presently raising up to $7 million of new capital to help accelerate the Company’s expansion into the oilfield energy-tech industry through a Private Placement. The net proceeds from the offering are expected to be primarily utilized for targeted oilfield service company acquisitions, accelerate product acceptance and buildout of key [...]
AUSTIN, Texas, May 15, 2018 -- Victory Energy Corporation today announced operating results for the three months ended March 31, 2018. First Quarter and Recent Highlights During the three months ended March 31, 2018, the Company received $467,000 in debt financing proceeds from Visionary Private Equity Group I, LP . On April 16, 2018, Victory provided a market update relating to the entry into a supplementary agreement [...]
AUSTIN, Texas, April 16, 2018 -- Victory Energy Corporation , recently filed with the Securities and Exchange Commission a Current Report on Form 8-K providing, among other things, a market update relating to the entry into a supplementary agreement with Armacor Victory Ventures , a settlement and mutual release of the loan agreement with Visionary Private Equity Group I, LP , and a new interim debt facility with VPEG [...]
AUSTIN, Texas, March 29, 2018 -- Victory Energy Corp. , today provided an update on the Company’s transition into a technology-driven, friction reducing oilfield products and services company, and announced operating results for the year ended December 31, 2017. Update on Transition to Oilfield Services On August 21, 2017, the Company successfully completed a transaction with Armacor Victory Ventures, LLC , an [...]
AUSTIN, Texas, Nov. 21, 2017 -- Victory Energy Corp. , today announced the voting results from its special meetings of stockholders held on November 20, 2017. Approximately 74 percent of all outstanding shares were present or represented by proxy at the meeting. The Board of Directors had recommended a vote for each of the three stockholder proposals, and each proposal succeeded in receiving affirmative votes from a [...]
AUSTIN, Texas, Nov. 14, 2017 -- Victory Energy Corp. , today announced operating results for the three months ended September 30, 2017 and provided an update on the Company’s transition into a technology-driven, friction reducing oilfield products and services company. Update for Transition to Oilfield Services The Company began this transition on August 21, 2017 with the successful conclusion of a transaction and [...]
AUSTIN, Texas, Aug. 22, 2017 (GLOBE NEWSWIRE) -- Victory Energy Corp. (OTCQB:VYEY) ("Victory" or the “Company”), a growth stage, oil and gas exploration and production company, announced today that it is transitioning its business into a technology focused oilfield services company, and entered into a transaction and investment agreement (the “Transaction Agreement”), sublicense agreement and other [...]
AUSTIN, TX, May 15, 2017 (GLOBE NEWSWIRE) -- Victory Energy Corp. (OTCQB: VYEY) ("Victory Energy" or "the Company"), a growth stage, Exploration and Production Company, today announced operating results for the three months ended March 31, 2017. First Quarter Highlights Received investment capital of $660,000 from Aurora partner Navitus Energy Group (NEG) during the three months ended March 31, 2017. Oil and natural gas [...]
AUSTIN, TX--(Marketwired - November 14, 2016) - Victory Energy Corp. (OTCQB: VYEY) ("Victory" or "the Company"), a growth stage, Exploration and Production Company, today announced operating results for the three months ended September 30, 2016. Third Quarter Highlights Received investment capital of $400,000 from Aurora partner Navitus Energy Group (NEG) during the three months ended September 30, 2016. Decreased [...]
AUSTIN, TX--(Marketwired - August 15, 2016) - Victory Energy Corp. (OTCQB: VYEY) ("Victory" or "the Company"), a growth stage, Exploration and Production Company, today announced operating results for the three months ended June 30, 2016. Second Quarter Highlights Received investment capital of $972,000 from Aurora partner Navitus Energy Group (NEG) during the six months ended June 30, 2016. Decreased general and [...]
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