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VCTY Videolocity International Inc (CE)

0.000001
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Videolocity International Inc (CE) USOTC:VCTY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Videolocity International, Inc. (PINK SHEETS: VCTY) Upgrades to "Current Information" Tier Status with the OTCMarkets

20/12/2010 5:33pm

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Videolocity (CE) (USOTC:VCTY)
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Videolocity International, Inc. (PINK SHEETS: VCTY) (www.videointernationalcorp.com) announce that OTC Markets have removed the "limited information" status and have upgraded the company to its highest rating of "Current Information".

Current Information is the highest status with requirements including Initial Disclosure and Information statements, current share structure, current financials and an SEC attorney letter verifying financial information submitted. OTC Markets employs a rigorous information reporting system for non-reporting companies and rates them in accordance to transparency elements from its lowest rating of "Caveat Emptor" to its highest rating of "Current Information" for Pinksheet companies (http://www.otcmarkets.com/otcguide/investors_market_tiers.jsp).

"We believe our new status will greatly enhance overall market confidence in VCTY. Our ability to upgrade to 'Current Info' status on the OTC Markets should send the market a strong signal that we are here and that we mean business, raising our company value, doing what's best for the shareholders, and giving potential shareholders the ability to make informed decisions," said the company secretary Marc Pintar.

Following the period of silence, the company will continue with all its business and corporate plans, and will update its followers as new opportunities unravel.

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: 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 Videolocity International Inc. corporate@videointernationalcorp.com

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