VCTY to Investigate Price Movement
HENDERSON, NV, June 3 /PRNewswire-FirstCall/ - Videolocity
International, Inc. (http://www.videointernationalcorp.com)
(VCTY.PK) announced today that the company directors authorized an
investigation into recent stock volatility on Pink Sheets
market.
"We have noted extremely volatile trading of our stock in the
last week or so," said Marc Pintar,
VCTY Interim President, "We are therefore going to make every
effort to investigate recent trading activity on Pink Sheets. If we
are successful in our investigation, we will report our findings
publicly."
VCTY also asks that shareholders, or others with relevant
information, contact the company through its investor relations
firm at http://www.minamargroup.net/helpdesk.
On Tuesday, June 1, VCTY announced
a China-based merger candidate,
Tactician University http://www.tcgedu.com/index.asp. Tactician
University was founded in 2001, and now operates 10 institutes with
100 full time and part-time professors. The president, Sun Minggao,
is a doctor of management and economics, and guest professor of at
the Asian Institute of Management in Singapore and University
of Southern California.
VCTY continues its merger negotiations with the China based hydroelectric utility, the primary
merger candidate. The Hydro Company, with operations in a gorge in
rural China, services 80,000
customers.
A source close to the company said "We also wish to emphasize
that our development is proceeding as planned and that there will
be no dilution in the equity of the Company. The Hydro electric
company sits in a gorge in China
enjoying a subscription base of 80,000 users, with cash positive
revenues. It was built 100% with Chinese investment in the tens of
millions of dollars. No sums of moneys diluted on a Pink Sheet will
or can substantiate any recovery of this massive investment already
completed; nor is any dilution contemplated. VCTY was a company in
peril obtained through a Nevada
custodianship as a distress company. Those days are long gone for
VCTY. Its assets lie in the shareholder base and futures. Once the
Hydro company completes US based audit to begin trading on
exchanges that support companies with valuations of a quarter of a
billion dollars then the true potential of this deal will be
unleashed. The Hydro merger is being sought from the Chinese by
Mina Mar Group to create a win - win all around. For one the
benefits this ex distress company shareholders will reap. Second
the future potential appreciation once this audit is complete.
Third to compile data to provide US regulators the abuses of
overselling in OTC markets and to demonstrate the over sellers
actions.
As so far as the China based
Tactician University is concerned this is a respectable and rock
solid business. President: Sun Minggao, male,46-year-old, doctor of
management, Tianjin University;
doctor of economics, Peking University; guest professor of Asian
Institute of Management in Singapore and University
of Southern California; director of doctor students in post
doctoral of TACTICIAN University. Vice-president: Wang Dong, male, 43-year-old, doctor of
economics, Harbin Institute of Technology; responsible for training
and education work. Vice-president: Zheng Jianshe, male,
40-year-old, certified public accountant, professional and
experienced in management and responsible for market
development.
To date, the University has trained more than 25,000 students in
government and business management. In addition to its role as a
traditional University, Tactician provides consulting services,
hosts a multitude of conferences, and provides investment banking
services for 10 companies. In 2009, the company's revenues were
$6,200,000, and profits amounted to
$2,400,000. VCTY management is
currently conducting due diligence of Tactician University, and
anticipates the announcement of a formal merger in the near future
with VCTY. Moreover, VCTY expects this merger with Hydro Electric
will be completed shortly and announced without prior notice way
ahead of its 4-10 week projection.
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 to authorities. The
company is mindful that short sellers, the company competitors and
stock bashers stalk small cap Pink Sheets listed companies with
hidden agendas. Visit http://www.stockbasher.com/ and find out what
criminal and civil actions the US authorities are taking against
web sites and the remedies available to 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.