VCTY Videolocity International Inc (CE)

Videolocity International, Inc. (PINK SHEETS: VCTY) (http://www.videointernationalcorp.com) subsidiary Tactician University recently held training courses for executives and government officials in the city of Dongguan, Guangdong province.

The training, delivered over the period of two months in partnership with Tiancheng University, focuses on increasing innovation in small and medium enterprises (SME), along with executive training. A total of 170 entrepreneurs from Dongguan City applied to take part in the training, with 68 executives accepted as trainees, along with six management students from the Science and Technology Department of Guangdong's provincial government.

During the training, executives learn to improve enterprise management strategies, identify and target their competition, and discover how to use technological innovations to implement economic development initiatives for small and medium businesses.

Tactician University VP Zheng Jianshe and Ye Jingtu, deputy director of the Science and Technology Department, both agreed that having executives participate in innovation and development training of this kind is important for the development of Guangdong's economic success, stressing the importance of innovation in enterprise development in Dongguan.

VCTY looks forward to continued cooperation between Tactician and the Guangdong government, as well as similar projects involving other local governments.

In other company news, VCTY management is of the opinion that the following is a material event which warrants a public address. VCTY is in the final stages of due diligence of Hydro China deal. The delay in closing the China Hydro transaction stems from the 11th hour cash and stock buy out offer from a USA based financial consortium group for the VCTY's Tactican assets. The targeted buy out candidate is not a Mina Mar Group client, however Mina Mar Group is the lead consultant in the transaction. Obviously the management of VCTY will not complete the buy out of Tactican ahead of closing the China Hydro deal as doing so would render VCTY a shell. VCTY management is hopeful to close both transactions simultaneously which in its opinion would yield the company and its shareholders the greatest return.

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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 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.

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