HENDERSON, NV, April 16 /PRNewswire-FirstCall/ - Videolocity
International, Inc. (VCTY; http://www.videointernationalcorp.com)
is providing an update to its March 23,
2010 release. The interim management and its IR are aware
that the shareholders of VCTY are eager to hear any updates and
news visa vie the upcoming merger and having VCTY restored back to
normality. Normality is doing trade and commerce and providing
timely updates to the company shareholder base. This, the interim
management and its IR are working hard at and by all accounts the
company should be at this level in the very near future.
The company has received permission from the USA based merger candidate to provide snippets
of its business model description, and projections to VCTY
shareholders and followers for reference purposes only. The issuer
expects to be in a position to release, China targeted merger candidate snippets,
shortly.
The USA targeted merger company
is looking to open "local community stores" to act as the flagship
and franchise model. Locations are being sought which are not
saturated with video kiosks, brick and sticks stores, and has a
strong community presence. In order to increase market share and
market presence, a mixture of both corporate owned locations and
franchise stores will be explored.
The concept is local video. We want to create the new age video
which is DVD kiosk integrated with a local website. The drive is
twofold: Consumers utilizing the local kiosk to rent movies, other
vending machines for drinks & concessions right by. It's
accessible 24 hours a day and has an online presence. The mandate
is to build the online website so people are clicking on it as a
local reference point for local activities. This allows us to
capture local advertising revenues which is not being done on in
the internet community.
Our target area has a population base of 20,000+ living within a
10 mile radius. An integral part of executing our business plan
entails marrying our video store kiosk(s) program and local website
which allows customers to view their accounts and order movies
on-line for local kiosk pickup. On average, each store can expect
to have average monthly revenues of $30,000 with expenses between $15,000 to $20,000.
We are gearing up to sell franchises for $100,000 which includes $30,000 franchise fee per location. The average
store would net approximately $120,000 in annual profit to the individual store
owner. A monthly franchise fee of 6% of revenue plus an additional
3% for national advertising.
The goal here is to use the videos, concessions to make decent
money but more importantly to capture a local market. The company
believes the video business will eventually go completely online
but the asset built from all the franchises of creating websites
with tens of thousands of eyeballs looking daily is very valuable.
Integrating social media and turning the main page into a search
engine is the "what's next" for the targeted merger company.
VCTY board and management are taking a twofold approach to the
merger. One is to finalize the merger with the China company which has a staple business
model and a steady revenue stream. The "escalator up" or the "WOW"
factor is the US targeted merger candidate business model. The game
plan is for both companies to work in concert to deliver the 1-2
punch to its competitors and to continuously pleasantly surprise
the markets with all of their combined achievements'.
There are many legal, logistical, operational, administrative
and procedural tasks currently being simultaneously worked on. As
these progress on a timely basis the company will release further
information on both targeted merger candidates.
A brief China merger candidate
update will follow in due course.
The company will update its followers on all progress regarding
these mergers and all other vital information worth sharing. The
company reminds its shareholders and followers to monitor
PinkSheets.com Filing section and also our IR company web site
section "PRESS RELEASES AND FILINGS" TAB
http://www.minamargroup.net/ for non newsworthy corporate
updates.
For any matters relating to retail investor queries or to send
the company or its IR a message please click on the "INVESTOR
SUPPORT" TAB, or the direct link
http://www.minamargroup.net/helpdesk.
Don't be a victim. Report a stock basher. The company is mindful
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you as an individual investor.
Filings for this event are currently being reviewed and will be
filed with Pink Sheets and Client Support section in due course. To
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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 of 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.
CONTACT: For any investor relations matters, please contact
www.minamargroup.net/helpdesk; Investor Relations Department,
Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate
Matters, www.minamargroup.com
SOURCE Videolocity International, Inc.