Videolocity International (VCTY) Approved Development Zone China
March 02 2011 - 2:45PM
Marketwired
Videolocity International, Inc. (PINK SHEETS:
VCTY)(www.videointernationalcorp.com); has announced that sole
subsidiary Tactician University will take part in constructing a
new town named Beihai as part of the northeastern Chinese city of
Yingkou.
The port city on the Bohai Sea is part of the Liaoning Economic
Area and will build a new 50-square-kilometer, 500,000-person
administration area named Beihai. Tactician University will
participate in planning and constructing Beihai in conjunction with
local authorities. Tactician's sterling reputation, based on its
past performance and influence, prompted the Yingkou government to
establish a partnership with the institution.
Yingkou is one of the main centers for China's textile industry
and has many development advantages and huge future potential. The
development of Beihai will be of great significance not only to
Yingkou but to the "Five Points, One Line" development strategy for
the entire Liaoning Economic Area.
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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