HENDERSON, NV, May 6 /PRNewswire-FirstCall/ - Videolocity
International, Inc. (VCTY; http://www.videointernationalcorp.com)
management updates the shareholders on the corporate and merger
developments within the VCTY.
As matter of administration, the VCTY management announces that
the company changed its Transfer Agent to Transfer Online, Inc. The
management decided to change its Transfer Agent due to the fact
that the new transfer agent offers electronic "e-commerce"
subscription, versus the previous one. The electronic security
management offers the VCTY management better access and easier
monitoring of the VCTY security. This was one of the conditions set
forth by the China merger company.
They intend to monitor transfer agents and market makers activity
closely and this was a solution acceptable to the China company.
The new transfer agent is:
Transfer Online, Inc., 512 SE Salmon Street Portland, OR 97214 USA
Regarding all merger developments, VCTY has been working closely
with Mina Mar Group (MMG) www.minamargroup.com, company's Mergers
and Acquisitions firm. MMG proposed several viable merger and
business candidates in the US and China. The company's is working diligently to
have the appointment of the new transfer agent in order to
facilitate the closing of the merger. As one can understand once
the China company merger is
complete the Chinese will expect immediate payment (restricted
stock issuance). The company is hopeful that this transfer agent
change will be completed by the end of May concurrent with the
China visit by the company
agents.
The company currently conducts merger negotiations with the
China based hydroelectric utility
(the primary merger candidate). Currently, the companies are in the
process of discussing the internal logistics to offer the best
facilitation of the merger. The company will focus on clearing a
number of legal, operational, administrative and procedural tasks
to proceed with the merger. These negotiations proceed according to
plan and the company expects to offer a merger update to VCTY
shareholders by the end of May
2010.
The company also courts several USA growth candidates (the secondary mergers)
targeted by the company's MA firm. The management expects the VCTY
to undergo a wholesome transformation within the next few months,
and the company will share all vital developments with the public.
The company expects to offer its shareholders news on all merger
developments by the end of May
2010.
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. In this regard, Mina Mar
Group works diligently to answer and address all the pressing
issues regarding its clients to the shareholders' satisfaction. MMG
is in constant contact with the companies, addressing, obtaining
and processing all inquiries. MMG is often one of the advisors or
IR companies utilized by the issuer. Depending on the location of
the issuer and management's availability, it may take up to several
days to address any pressing issues. In a normal course of business
and a pending transaction, the issuer may opt to remain silent in
order not to lose advantage to a competitor. MMG is mindful that
sometimes shareholders want answers immediately, which for the
above reasons cannot be fulfilled on a timely basis.
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 like investorshub.com and other posters, and the remedies
available to you as an individual investor. MMG encourages the
readers to visit this investorshub.com blog and similar "investors"
web sites with an open mind. Discover for yourself why and how
USA based small businesses and the
backbone of the economy suffer. Stay informed and do not allow
entrepreneurs dreams, innovations, and their access to capital to
be thwarted as "scalpers" and day traders vigorously day in and day
out try to exploit and extinguish US innovation and progress for
quick profits.
Filings for this event are currently being reviewed and will be
filed with Pink Sheets and Client Support section in due course. To
be included in company's email database for press releases,
industry updates, and non-weekly activity in the company that may
or may not be news released, please subscribe or opt in mailer at
http://www.minamargroup.com/updates.
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.
