HENDERSON, NEVADA--(Marketwire - 02/02/11) - Videolocity International, Inc. (PINK SHEETS:VCTY - News) (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.
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