Videolocity International Inc. (VCTY)'s Tactician University Conducts Business Operations Seminar
27 October 2010 - 5:55AM
Marketwired
Videolocity International, Inc. (PINK SHEETS: VCTY)
(http://www.videointernationalcorp.com) subsidiary Tactician
University conducted a seminar in Beijing that featured workshops
on various aspects of business operations in state-owned
enterprises.
The motivation behind the seminar was to help Chinese
enterprises deepen the reform of state-owned enterprises (SOEs),
establish a modern enterprise system, and create a standard
corporate governance structure that can be transferred across
industries and market tiers. Seminar topics included instituting a
stock-holding system in SOEs, the establishment of the modem
enterprise system, corporate governance, corporate reshuffling, and
initial public offerings (IPOs). Lectures and workshops established
a theoretical framework for the examined issues, and explored
practical solutions to scenarios that illustrated how each issue
plays out in business.
The 7-day seminar hosted approximately 150 leaders and experts
from ministries and commissions in Beijing, at a low cost of RMB
5,000 ($750 USD) per attendee.
In other company news the company is preparing its 3rd quarter
financials. These numbers will not include the revenues of the
India construction company as the India merger took place after the
3rd quarter cut off. The true picture of the VCTY potential will be
seen in our 4th quarter and year-end financials. A legal opinion
and an updated adequate disclosure is also being finalized. The
company expects to release both documents simultaneously.
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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.
Contacts: Investor Relations: 1-647-426-1640
www.minamargroup.net/helpdesk Investor Relations Department Inquiry
www.minamargroup.net (IR) For (M&A) and Corporate Matters
www.minamargroup.com Videolocity International Inc.:
corporate@videointernationalcorp.com
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