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

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.

Victory Acquisition Corp (AMEX:VRY)
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