Videolocity International, Inc.

Videolocity International, Inc.

October 06, 2010 07:45 ET

Videolocity International, Inc. (VCTY) Introduces its India Merger Company

HENDERSON, NEVADA--(Marketwire - Oct. 6, 2010) - Videolocity International, Inc. (PINK SHEETS:VCTY) ( is pleased to provide the name and a brief introduction of the company's new merger candidate as mentioned in press release of Oct 1, 2010.

Avtar Singh Construction Co. (P) Ltd. (ASC, Ltd.) is a builder and developer in Chandigarh, India. The company is one of the major developers in the City of Chandigarh with strong ties to the local community and the municipal governments. The company offers revenues in the range of 5 million USD. 

The company has a 20-year history of success, primarily in highway, school and airport construction projects. Presently placing a successful bid for the contract to complete 70% of the new international airport slated to be constructed in the Chandigarh City, representing a major project for the company. The company engaged primarily in the industrial construction does not have a web site presence. In concert with the anticipated merger with VCTY ASC, Ltd. intends to build a simple web site to keep its and VCTY shareholders advised of any updates not newsworthy.

VCTY management and its M&A firm have worked hard to secure interest in this company, and to obtain permission for the disclosure of the targeted company. Henceforth VCTY management respectfully requests its shareholders and followers not to contact any representatives of ASC, Ltd. until the transaction is completed.

In other related news, Videolocity International, Inc. (VCTY), following a successful closure of this and/or the China Hydro merger, intends to undergo name change to better reflect the company new core business. 

The company will update the public on all developments regarding these developments on a timely basis.

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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 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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