Videolocity International Inc (VCTY) Fall Season General Corporate Update
Beijing, China -- September 3, 2010 -- VCTY (www.videointernationalcorp.com) Management brings attention to a certain emailer and a link on our IR firm's website, www.minamargroup.com how shorts operate and hidden agendas (MSNBC, Mad Money Video http://www.cnbc.com/id/15840232?video=1579471807&play=1). VCTY's operating subsidiary Tactician University http://www.tcgedu.com/index.asp is a progressive Chinese management education and consulting firm in China, which advises China based clients in the same fashion our corporate advisors and IR co Mina Mar Group advises VCTY. VCTY management is pleased with the fight our consultants are putting up for us in North America.
VCTY is aware that its share price values are being "oversold", or shorted, and that there are other market forces in play, which are suppressing the value of VCTY. The aforementioned video link also discusses how certain internet medias attempt to manipulate the share price, or the values of certain company, and how these individuals may have hidden agenda.
VCTY wants to bring attention to this, and make its shareholders aware that currently it is in final stages of merging with a China hydroelectric company. This is a massive project that has been in works for many, many months. It is a substantial project and a substantial merger for VCTY. As previously announced, VCTY Management has been approached for the acquisition of Tactician University. The China Hydroelectric company targeted merger, intends to be the only operating company within VCTY. Their sheer size and magnitude of the company dictates such stance. This is a positive and strong progress for VCTY, and should not be reviewed as negative or somehow a loss for VCTY. A profit is a profit no matter how big or small, especially in this economy. Certain "critics" hiding behind various anonymous names would and will attempt to convince the novice new and unsuspecting followers that this is somehow bad and attempt to twist the news releases to fit their "short" agendas. For example VCTY management recently updated its OTC Markets estimated float count from the 2006 figures to a more current 2010 figures. The critics were quick to point out an "increase" in the float, yet failed to mention that the old numbers were some 4 years old. VCTY reminds its followers to review its financial statements on OTC Markets, which should confirm that VCTY is doing quite well and has no need for any dilution or capital needs.
Lastly VCTY is constantly being asked what is the delay with China Hydro merger? Again this is a massive project that will convert VCTY into a utility company. The Hydro dam gorge serves a rural community in China of about 80,000 users. This is not a simple task of signing few pieces of paper. It's a complex transaction and an undertaking that has cost the China government (financiers-financial backers) several million dollars to complete. Obviously all sides are looking for security and a long-term outlook on the merger including graduating from Pink Sheets to another exchange. These are just some of the many issues being ironed out as we inch along towards the finish line.
VCTY management remains committed to increasing shareholder values, and increasing share price of its equity.
The company will provide further update as it becomes available in a timely basis. The China Hydro merger and or Tactician buy out announcement may happen any time without further or advance notice of VCTY.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Videolocity International Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Videolocity International Inc. cautions you that any forward-looking information provided by or on behalf Videolocity International Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Videolocity International Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Videolocity International Inc.'s control. In addition to those discussed in Videolocity International Inc.'s press releases, public filings, and statements by Videolocity International Inc.'s management, including, but not limited to, Videolocity International Inc.'s estimate of the sufficiency of its existing capital resources, Videolocity International Inc.'s ability to raise additional capital to fund future operations, Videolocity International Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Videolocity International Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Videolocity International Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
SOURCE: Videolocity International, Inc.
CONTACT: Mina Mar Group, Inc.
www.minamargroup.com/helpdesk
VCTY is aware that its share price values are being "oversold", or shorted, and that there are other market forces in play, which are suppressing the value of VCTY. The aforementioned video link also discusses how certain internet medias attempt to manipulate the share price, or the values of certain company, and how these individuals may have hidden agenda.
VCTY wants to bring attention to this, and make its shareholders aware that currently it is in final stages of merging with a China hydroelectric company. This is a massive project that has been in works for many, many months. It is a substantial project and a substantial merger for VCTY. As previously announced, VCTY Management has been approached for the acquisition of Tactician University. The China Hydroelectric company targeted merger, intends to be the only operating company within VCTY. Their sheer size and magnitude of the company dictates such stance. This is a positive and strong progress for VCTY, and should not be reviewed as negative or somehow a loss for VCTY. A profit is a profit no matter how big or small, especially in this economy. Certain "critics" hiding behind various anonymous names would and will attempt to convince the novice new and unsuspecting followers that this is somehow bad and attempt to twist the news releases to fit their "short" agendas. For example VCTY management recently updated its OTC Markets estimated float count from the 2006 figures to a more current 2010 figures. The critics were quick to point out an "increase" in the float, yet failed to mention that the old numbers were some 4 years old. VCTY reminds its followers to review its financial statements on OTC Markets, which should confirm that VCTY is doing quite well and has no need for any dilution or capital needs.
Lastly VCTY is constantly being asked what is the delay with China Hydro merger? Again this is a massive project that will convert VCTY into a utility company. The Hydro dam gorge serves a rural community in China of about 80,000 users. This is not a simple task of signing few pieces of paper. It's a complex transaction and an undertaking that has cost the China government (financiers-financial backers) several million dollars to complete. Obviously all sides are looking for security and a long-term outlook on the merger including graduating from Pink Sheets to another exchange. These are just some of the many issues being ironed out as we inch along towards the finish line.
VCTY management remains committed to increasing shareholder values, and increasing share price of its equity.
The company will provide further update as it becomes available in a timely basis. The China Hydro merger and or Tactician buy out announcement may happen any time without further or advance notice of VCTY.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Videolocity International Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Videolocity International Inc. cautions you that any forward-looking information provided by or on behalf Videolocity International Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Videolocity International Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Videolocity International Inc.'s control. In addition to those discussed in Videolocity International Inc.'s press releases, public filings, and statements by Videolocity International Inc.'s management, including, but not limited to, Videolocity International Inc.'s estimate of the sufficiency of its existing capital resources, Videolocity International Inc.'s ability to raise additional capital to fund future operations, Videolocity International Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Videolocity International Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Videolocity International Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
SOURCE: Videolocity International, Inc.
CONTACT: Mina Mar Group, Inc.
www.minamargroup.com/helpdesk
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