HENDERSON, NV, June 22 /PRNewswire-FirstCall/ - Videolocity
International, Inc. (VCTY; http://www.videointernationalcorp.com)
is pleased to announce that the company finalized a merger with the
Chinese Tactician University.
Tactician University, founded by the Tactician Group in 2001,as
a consulting firm to some of China's great upcoming companies, accrues
several million dollars of revenue per year. Tactician offers
government and business training. The Government Management
Programs provide administrative, committee and councillor training
for Chinese government officers. The Business Management Programs
focus on financial management, project management, human resources
and secretarial training. College Student Training Programs offer
career guidance, job-training, ethics, foreign languages,
pre-masters and PhD preparatory training. In addition to its
training services, Tactician aims to improve the public and private
sectors through public dialogue on social and economic issues, and
through Tactician's consulting services and incubation of select
business ventures.
Tactician's core training business earned $3.2 million USD last year. Consulting services
accrued another significant segment of the income. Tactician
completed 4 projects for the government in 2009, earning
$500,000. The total revenue in 2009
including training, conferences, consulting and services reached
$6.2 million, with a profit of
$2.4 million USD.
VCTY management stated, "We are glad that the merger progressed
the way it did, and we welcome this strong consulting business firm
to the North American markets. We believe that the company's
business model will greatly appeal to the investors and generate
even higher profits, as the educational-consulting barometer in
China continues to rise.
In other updates, the terms and consideration disclosure
documents are currently being compiled and will be filed with Pink
Sheets and the issuers adequate disclosure documents shortly. The
management of VCTY is of the opinion that Tactican is a well funded
solid company with no need for capital. Dilution should be nominal
save and except to pay for the fees and expenses of this merger
transaction. The shares issued in the merger are nominal and the
merger is performance based, with the bulk of the shares in reserve
awaiting the merger of the Hydro Electric transaction. VCTY's
merger team, enthusiastically reports great progress with the
Chinese Hydro Electric company. The issuer is not in a position to
comment further, except to say it is hard at work at this second
merger task. The events are progressing at a steady, and
progressive pace. We expect to hear more good news on this front
soon.
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 and the remedies available to you as an individual
investor. 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.