Videolocity International (VCTY) Addresses Shezhen Hualite Leaders
03 February 2011 - 7:45AM
Marketwired
Videolocity International, Inc. (PINK SHEETS: VCTY)
(www.videointernationalcorp.com) has announced that its subsidiary
Tactician University has been entrusted to conduct a training
course for the senior leadership of Chinese company Shenzhen
Hualite Electric Co., Ltd.
Tactician will hold a five-day customized course to help
Shenzhen Hualite's management develop and improve their
team-building skills. It will also guide the company's leaders
through a number of other helpful training activities. Shenzhen
Hualite is based in Shenzhen City and manufactures electronic
instruments and controls. Tactician has seen very positive results
from similar training courses that it has conducted for the senior
management of other companies.
VCTY has just closed the sale of its subsidiary Avatar Singh
Construction Company (ASCC), which will allow it to focus more of
its attention and resources on Tactician University. Tactician is a
progressive management education and leadership training center and
think tank that tackles prevalent issues in the Chinese economy and
its society, and trains 21st century Chinese leaders. It has a
proven business model and VCTY is considering complementing it with
additional viable ventures.
The sale of ASCC should enhance the value of VCTY and improve
its shareholders' positions in the company as it grows more
organically within its industry niche.
More updates to follow shortly.
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: Videolocity International Inc.
corporate@videointernationalcorp.com 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
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