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Vision Technology Corporation Announces New Finance Team

Vision Technology Corporation Announces New Finance Team

RALEIGH, N.C., Aug. 21 /PRNewswire-FirstCall/ -- Vision Technology Corporation (pink sheets: VSTC) announced today that it has entered into contracts to retain the services of Mr. Christopher T. McKittrick and Mr. Nicholas L. Williams as independent contractors to manage the company's financial matters.

Mr. McKittrick recently served as Controller of Nomaco, Inc. in Zebulon, NC for three years. Prior to his tenure with Nomaco, Mr. McKittrick had more than 26 years of experience in financial and accounting services. Mr. McKittrick has Bachelor's and Master's degrees in Business Administration from Drexel University in Philadelphia, PA.

Mr. Williams recently served as V.P. of Finance of Reichhold, Inc., capping his fifteen years with Reichhold throughout its financial function. Prior to Reichhold, Mr. Williams worked for twenty years with General Electric Corporation in a variety of financial positions.

"Chris and Nick will provide the necessary skills and expertise in managing our financial activities helping to place the company in a position to become fully reporting," stated Edward Ovsenik, President of Vision Technology Corporation. "I look forward to working with them in this effort. Their work will dovetail with the work by Mr. Conrad Lysiak, preparing appropriate filings to have the company become a fully reporting company and list the company on an exchange," continued Mr. Ovsenik.

About Vision Technology Corporation

Vision Technology develops and markets new technology that will aid people in communicating using video and voice over internet protocol. The company seeks to partner with providers and integrators of IP communications services and equipment to deliver branded IP multimedia solutions that retain customers and create new revenue opportunities. Vision Technology's technology advances have resolved existing bandwidth, connectivity, and security issues businesses face when attempting to deliver multimedia services over IP by efficiently minimizing bandwidth requirements and intelligently controlling packet loss and jitter. The company's business lines include: VizCom(TM); VizMeet(TM); VizLearn(TM); and VizTalk(TM). The company is also developing software technology to allow database administrators to maximize corporate infrastructure in managing large SQL databases, and is researching hardware capabilities in minimizing video bandwidth for internet protocol transmission.

This press release includes "safe harbor" language pursuant to the Private Securities Litigation Reform Act of 1995, as amended, indicating that certain statements about the Company's business contained in the press releases are "forward-looking" rather than "historic." The press releases contain forward- looking statements that involve risks and uncertainties concerning GTX Global's expected financial performance (as described without limitation in quotations from management in the press release), as well as GTX Global's strategic and operational plans. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.

Vision Technology Corporation

CONTACT: Edward Ovsenik of Vision Technology, +1-919-881-9883, or
[email protected]

Web site: http://www.gtxglobal.net/

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