8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549



                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934




         Date of Report (Date of Earliest Event Reported) April 5, 2005


                           VIKING CAPITAL GROUP, INC.
                           --------------------------
             (Exact name of registrant as specified in its charter)


         Utah                            0-22744                  87-0442090
- --------------------------------------------------------------------------------
(State or other jurisdiction    (Commission File Number)    (IRS Employer
 of incorporation)                                           Identification No.)


       Two Lincoln Centre, 5420 LBJ Freeway, Ste 300, Dallas, Texas 75240
       ------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


                                 (972) 386-9996
                                 --------------
              (Registrant's telephone number, including area code)



          (Former Name or Former Address, if Changed Since Last Report)





Item 8.01       Other Events

Viking Capital Group, Inc.  completed an asset purchase  transaction on April 5,
2005 with  Secure  Financial  Solutions,  Inc.,  a Nevada  corporation,  and L&B
Marketing, to acquire all rights to the 1st Financial Solutions, Secure Cash(TM)
card program.  The Secure  Cash(TM) is a stored value ATM debit card  accessible
from any ATM connected to the Star,  Maestro or Cirrus networks  World-Wide,  as
well as through any point of sale terminal that accepts Pin number authenticated
ATM debit  cards.  The purchase  transaction  involved the payment of $63,000 in
cash,  the  issuance  of  250,000  restricted  Class  A  common  shares  of  the
Registrant,  and the  issuance of an option to purchase  an  additional  250,000
restricted  common  shares at $0.10  per  share  for a period  of one year.  The
purchase  included all  ownership and  marketing  rights to the Secure  Cash(TM)
program,  all existing inventory of cards, all marketing  material,  trademarks,
and all telephone  numbers and web sites associated with the program.  The total
transaction  represents  an event  amounting  to less  than ten  percent  of the
Registrant's  assets, and the number of shares issued represents less than 5% of
the  Registrant's  outstanding  Class A common  shares as of the last  reporting
period.

The information set forth in the Registrant's media release dated April 12, 2005
(attached  hereto as Exhibit 99.1) is incorporated  herein.  The exhibit of this
news  release is not an  indication  or  assessment  of  materiality,  nor is it
intended to constitute a  representation  that the  information is not otherwise
publicly available.

Item 9.01       Financial Statements and Exhibits

   (c)      Exhibits


  99.1     Press Release dated April 12, 2005


Pursuant to the requirements of Securities  Exchange Act of 1934, the Registrant
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
hereunto duly authorized.


Date:    April 12, 2005                           Viking Capital Group, Inc.


                                                  /s/  Kingman L. Hitz
                                                  ---------------------------
                                                  Kingman L. Hitz
                                                  Chief Financial Officer

EX-99.1

Exhibit 99.1

DALLAS --  (BUSINESS  WIRE) -- April  12,  2005 -- Viking  Capital  Group,  Inc.
(OTCBB:  VCGP)  consummated an asset purchase  transaction on April 5, 2005 with
Secure  Financial  Solutions,  Inc. to acquire  all rights to the 1st  Financial
Solutions,  Secure Cash(TM) card program.  The Secure Cash(TM) is a stored value
ATM debit card, which is accessible from any ATM connected to the Star,  Maestro
or Cirrus  networks  World-Wide,  as well as through any point of sale  terminal
that accepts Pin number  authenticated  ATM debit cards. The purchase  agreement
included all rights to the Secure Cash(TM)  program,  all existing  inventory of
cards as well as all marketing  material,  trademarks  and web sites  associated
with the program.

Viking  Insurance  Services,  Inc., a wholly owned  subsidiary of Viking Capital
Group,  Inc.,  will market the Secure  Cash(TM)  service  through  its  existing
relationships with nationally  distributed  medical benefit program providers as
well as  through  networks  of  insurance  agencies  seeking  value  added  cash
management  solutions  for their  customers.  The Secure  Cash(TM) card provides
fully  FDIC  insured,   web  accessible,   account  services  for  domestic  and
international fund transfers, bill payments,  payroll direct deposits as well as
other  financial  services  that  can be  customized  to meet  the  needs of the
benefits program provider. The card program accounts are serviced through Sutton
Bank,  established in 1878, with each individual card account being FDIC insured
for a maximum of $100,000.

The Secure Cash(TM) also offers customers  point-of-sale  rechargability (adding
cash to the account)  which with a linked card  account,  can be used to support
international funds transfers to service the multi billion dollar  international
remittance  market.  The Secure  Cash(TM)  service  provides a fully Patriot Act
compliant  cash  transfer  service  with  transaction   rates  lower  than  most
international funds transfer services such as Western Union and Moneygram,  with
received funds accessible at Star, Maestro or Cirrus network ATMs worldwide.

Additionally,  these  rights  include  representation  of a web managed  payroll
processing application, which allows Viking and authorized sales agents to offer
a complete  payroll  processing  solution to employers  with  anywhere from 1 to
thousands of  employees,  at rates  significantly  less than payroll  processing
firms such as ADP and PAYCHEX. Payroll can be processed automatically with funds
transferred  directly to the  employees  Secure  Cash(TM) card or their own bank
account.

The Secure Cash(TM) program is expected to generate  revenues for Viking Capital
Group,  Inc. via its  subsidiaries  Viking Insurance  Services,  Inc. and Viking
Capital Financial Services,  Inc.; in the form of both card sales as well as per
transaction  fees  for  loading,  funds  use  and  customer  services.   Payroll
processing  service revenues are based on percentage of employee payroll process
by the application service.



Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995


This press release may contain certain "forward-looking" statements as such term
is  defined  in  the  Private  Securities  Litigation  Reform  Act of  1995  and
information  relating to the Company and its subsidiaries  that are based on the
beliefs  of  the  Company's  management  as  well  as  assumptions  made  by and
information currently available to the Company's  management.  When used in this
release, the words "plan,"  "anticipate,"  "believe,"  "estimate," "expect," and
"intend" and words or phrases of similar  import,  as they relate to the Company
or  its   subsidiaries   or  Company   management,   are  intended  to  identify
forward-looking   statements.   Such  statements   reflect  the  current  risks,
uncertainties  and  assumptions  related to certain factors  including,  without
limitations,   changes  or  anticipated  changes  in  regulatory   environments,
competitive   factors,   general  economic   conditions,   customer   relations,
relationships  with  vendors,   the  interest  rate  environment,   governmental
regulation  and  supervision,   seasonality,   distribution  networks,   product
introductions  and  acceptance,   technological  change,   changes  in  industry
practices,  onetime events and other factors described herein and in other press
releases to the public or filings  made by the company with the  Securities  and
Exchange  Commission,   the  ability  to  secure  partnership  or  joint-venture
relationships  with other entities,  the ability to raise additional  capital to
finance  acquisitions  and expansion,  and the risks  inherent in  acquisitions,
their management,  and product and service  introductions and the entry into new
geographic markets.  Based upon changing  conditions,  should any one or more of
these risks or uncertainties  materialize,  or should any underlying assumptions
prove incorrect,  actual results may vary materially from those described herein
as anticipated,  believed, estimated, expected or intended. The Company does not
intend to update  these  forward-looking  statements.  For further  information,
which could cause actual results to differ from the Company's  expectations,  as
well as other factors,  which could affect the Company's  financial  statements,
please  refer to the  Company's  report filed with the  Securities  and Exchange
Commission.

Contact:
     Viking Capital Group, Inc., Dallas
     Roger Kron, 972-386-9996