Victory Acquisition Corp. Announces Termination of Trading and Information on Liquidation

JACKSON, Wyo.--(Business Wire)--
Victory Acquisition Corp. ("Victory") (NYSE Amex:VRY), a specified purpose
acquisition company (SPAC), announced today that its securities will cease
trading on the NYSE Amex as a result of the termination of its previously
announced proposed merger with TouchTunes Corporation.

Pursuant to Victory`s amended and restated certificate of incorporation,
Victory`s corporate existence has ceased except for the purposes of winding up
its affairs and liquidating. Pursuant to the Delaware General Corporation Law,
Victory will pay or make reasonable provision for all existing claims and
obligations, including all contingent, conditional, or unmatured contractual
claims known to Victory, and will provide compensation for any claims that have
not been made known to Victory or that have not arisen but that, based on facts
known to Victory at this time, are likely to arise or to become known to Victory
within 10 years after such date. Liquidating distributions will not be made
until this process is completed. Victory cannot make any assurance as to when
such plan will be completed and, accordingly, when liquidation distributions
will be made. The share transfer books of Victory will be closed as of April 29,
2009 and the liquidating distribution will be payable to Victory's stockholders
only after completion of the above-referenced liquidation process upon
presentation of their stock certificates or delivery of their shares to
Victory's transfer agent electronically using Depository Trust Company's DWAC
(Deposit/Withdrawal At Custodian) System. The per-share liquidation price will
be approximately $10.00. Victory`s transfer agent will instruct stockholders as
to when they should present their stock certificates or deliver their shares.
Stockholders should not present their stock certificates or deliver their shares
before receiving instructions to do so. No payments will be made in respect of
Victory`s outstanding warrants or to any of its initial stockholders with
respect to the shares owned by them prior to Victory`s initial public offering.

Victory will be filing a Certificate of Termination of Registration on Form 15
with the Securities and Exchange Commission for the purpose of deregistering its
securities under the Securities Exchange Act of 1934, as amended.

Forward Looking Statements

This press release includes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. Forward looking statements are statements that
are not historical facts. Such forward-looking statements, based upon the
current beliefs and expectations of Victory's management, are subject to risks
and uncertainties, which could cause actual results to differ from the forward
looking statements.

Media:
Sloane & Company
Nevin Reilly, 212-446-1893
nreilly@sloanepr.com

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