Videolocity International, Inc. (VCTY): India Expose Merger Candidate Information Posted on OTCMarkets
October 07 2010 - 1:30PM
Marketwired
Videolocity International, Inc. (PINK SHEETS:
VCTY)(http://www.videointernationalcorp.com) management invites
investors to view recent filings posted on Pink Sheets introducing
merger candidate Avtar Singh Construction Co. (P) Ltd.
A subsequent filings offer a more detailed description of the
Avtar Singh Construction Co. (P) Ltd., a major developer in
Chandigarh, India, with annual revenue in the range of $5 million
USD. The company specializes in road and highway construction, and
was recently awarded a contract for 70% of the construction of a
new international airport. The filings delve into company history,
current practices, and past returns, detailing management structure
and some of the projects completed by Avtar Singh Construction
Co.
VCTY is excited about this potential merger and sees this merger
as a great boost to its share values. The company invites
shareholders and prospective investors to learn more by accessing
these filings.
The company with this upcoming merger intends to do a name
change only and will update the investor public regarding any
developments.
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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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