Videolocity International, Inc. (VCTY) Completes 1.89 Billion Share Buyback

HENDERSON, Nev., July 7, 2011 /PRNewswire/ -- Videolocity International, Inc. (PinkSheets: VCTY; www.videointernationalcorp.com) management announces steps to reduce the number of outstanding shares by more than 1.8 billion (1,890,000,000).

The current outstanding share structure of VCTY (see OTC Markets at http://www.otcmarkets.com/stock/VCTY/company-info) sits currently at 4,795,797,814 shares. This will be reduced by 1.89 billion shares to approximately 2.9 billion outstanding shares. The authorized shares will remain undisturbed.

VCTY expects this massive buyback to positively and significantly affect and increase the company's value and help the company to establish a closer relationship with shareholders. VCTY is returning the stock to treasury of VCTY and records on Nevada State and OTC Markets will reflect the same 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 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.

Videolocity International, Inc.



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SOURCE Videolocity International, Inc.

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