SEVERNA PARK, MD--(Marketwired - Feb 28, 2014) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) today announced that it will transition its business focus to North America and announced the appointment of a new director to its Board of Directors to assist in this transition.
After the transition, Viking's primary business is to provide professional advisory services, that could include investment services, to established companies located in the United States and Canada that have a strong management team and positive cash flow.
Viking intends to transition its business focus to North America. This transition includes negotiating adequate funding to implement its long term business plan. More specific information on these topics will be forthcoming.
Viking has appointed Michael Heilman to its Board of Directors. Mr. Heilman has a wide range of executive, management and hands-on experience in both corporate (public) America and the private sector. He has experience, knowledge and understanding of all phases of business including sales, marketing, finance, technology and personnel. For the past ten years, Mr. Heilman has provided consulting services to mainly startup private companies in health care, media entertainment, financial services, LED lighting, document management, mining, investment immigration, and most recently heavy oil extraction. On the public side, his experience includes profitable acquisitions and sale of operating companies, restructuring company equity positions, establishing proper shareholder and investor relations, and implementing proper accounting controls to support audit requirements.
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