Videolocity International (VCTY) Agreement with Zhengzhou Xinzheng International Airport
March 01 2011 - 2:45PM
Marketwired
Videolocity International, Inc. (PINK SHEETS: VCTY)
(www.videointernationalcorp.com) announced that sole subsidiary
Tactician University has entered a long-term management consultancy
agreement with Zhengzhou Xinzheng International Airport (IATA: CGO,
ICAO: ZHCC).
Airport administrators held in-depth meetings with Tactician's
leaders before inviting Tactician to provide them with long-term
investment, financial, management and administration advisory
services. These services include creating strategies to maintain
long-term sustainable development, consulting with management on
the airport's business operations and investment projects, and
designing a plan to measure management efficiency.
This agreement will provide the airport with new ideas and
strategies that it can incorporate into its daily operations. It
will also provide a solid foundation for co-operation with the
Civil Aviation Administration of China, the establishment of a
technical training centre and further synchronicity between
Tactician and the airport.
Zhengzhou Xinzheng International Airport is the principal
airport of Zhengzhou, which is located in the Chinese province of
Henan. It handles domestic and regional flights to most major
cities in China, charter flights for tourists visiting Thailand and
international cargo flights to the Middle East and North
Africa.
Tactician University is a progressive management education,
leadership training and think tank venture that tackles prevalent
issues in the Chinese economy and society. It continues to grow,
offer insights and positively influence China's decision-makers.
Tactician has a proven business model and VCTY is considering
complementing it with additional viable ventures.
More details to follow.
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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