BEIJING, China, June 1 /PRNewswire-FirstCall/ - Videolocity International, Inc. (VCTY; http://www.videointernationalcorp.com) is pleased to present one of the China based merger Candidates Tactican University http://www.tcgedu.com/index.asp The English translation can be viewed on this link
Tactican university merger candidate enjoys several million dollars of revenues including hosting and speaking fees of its professors. VCTY continues its merger negotiations with the China based hydroelectric utility (the primary merger candidate) as well. The Hydro company is a utility with several thousand users in a gorge of rural China. The company, mindful that on OTCBB markets investors demand news and updates of a company activity frequently, the management is of the opinion that the targeted Hydro - University merger could meet these objectives of VCTY and provide a robust mix of daily events news and a holding company with assets in the multimillion dollar range.
The management of VCTY is currently conducting due diligence of Tactican and the formal merger could be announced anytime, followed by the Hydro Electric merger 4-10 weeks down range.
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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 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.
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SOURCE Videolocity International, Inc.