Videolocity International Inc. (VCTY) Targets US Video Rental Company As a Secondary Merger

HENDERSON, NV, March 23 /PRNewswire-FirstCall/ - Videolocity International, Inc. (VCTY; http://www.videointernationalcorp.com) is currently in final merger discussions with a USA based, video rental company.

This US video company started its operations in 1998. The company started as multi-chain video store and was acquired by a home delivery video service in 2006. The company owns proprietary software, which allows it to integrate DVD kiosk technology with regional, same-day-delivery options. The company today refocuses its appeal to take advantage of current market conditions. The current climate in the video industry is in flux. The once strong retail rental stores are losing market share to home delivery and kiosk solutions. Today's success of Netflix' business model also faces the growing concern of the United States Postal Service ending its Saturday service.

The merger candidate plans to provide locally-ran kiosks and provide same-day local delivery (via delivery drivers) for a monthly subscription and/or one-day rental price. As the world economy continues to rebound, the company's local concept ties in well with the current push aiming towards the small communities as much more economically feasible, and with the support the local community and local advertising programs receive.

This second merger company will represent a smaller share of VCTY as the merger negotiations with the China-based hydroelectric utility as the primary candidate continue.

The company will update its followers on all progress regarding these mergers and all other vital information worth sharing. 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.

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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.

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