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V2K International, Inc. News

V2K International Announces 1st Quarter Operating Results and Anticipated January Results

LAKEWOOD, Colo., Feb. 15 PRNewswire-FirstCall — V2K International, Inc. (OTC Bulletin Board: VTOK), a software development and franchise company announced today an operating loss of $330,012 for its fiscal 2008 first quarter ended December 31, 2007. Total revenue for the quarter was $1,642,222.

"Although we showed a loss for the 1st quarter of our fiscal year, it should be noted that $137,000 of that was as a result of the costs associated with being a public company and not as a result of operations," said Vic Yosha, President and CEO of V2K. "We also had additional one time charges of $42,000 related to the winding down of our manufacturing subsidiary and costs of $6,000 related to Marketing Source International. We believe Marketing Source International will be a viable operation, but one which we will not fully launch until 2009. All these costs together added up to $185,000. We are extremely pleased with our growth and expect it to continue to accelerate as we have more opportunities to license the technology. In addition, we are adding 2-5 new Franchisees each month. We are working hard to achieve operating profitability and positive cash flow. Our cost reduction program was fully implemented as of January 1st, and we believe that in January, on an unaudited basis, we will have cash basis loss of no more than $5,000 to $10,000."

"In our second quarter we will launch a new segment to our business by marketing through a kiosk concept in which we have extremely high expectations for increased revenues in the remainder of 2008."

About V2K International, Inc.

Through its wholly owned subsidiary, V2K Technology, V2K develops and licenses proprietary software that is designed to be used in the commercial and home decor markets. Almost anything can be done to the interior of a room utilizing its software. In a three dimensional view, where everything is 100% to scale, the user can add, adjust, color and texture walls, windows, doors, ceilings and floors, and then drag and drop items from a library of products into the scene. V2K Technology licenses a version of the software for custom window treatments to another wholly-owned subsidiary, V2K Window Fashions, which operates the franchise system, V2K Window Decor & More. Using the technology as the centerpiece of a franchise offering, V2K Window Fashions sells and supports franchises in the window fashion industry. V2K currently has approximately 180 franchisees operating in the United States, Canada and Aruba.

Forward Looking Statement Notice: This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the company's recent filings with the SEC, including its Quarterly Report on Form 10-QSB. Furthermore, the company does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law.

SOURCE V2K International, Inc.

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