Videolocity International, Inc.

Videolocity International, Inc.

April 06, 2011 12:45 ET

Videolocity International (VCTY) to Reduce Authorized Share Structure by Two Billion Shares: General Corporate Update

HENDERSON, NEVADA--(Marketwire - April 6, 2011) - Videolocity International, Inc. (PINK SHEETS:VCTY) ( allocated approximately two billion shares for its Chinese hydro company merger which has now come to a halt, resulting in management returning those shares back to the treasury.

Following exhaustive negotiations, the two companies were unable to reach consensus favorable to both parties that would have enabled them to proceed with the merger. Therefore, approximately two billion shares that were held in escrow that would have been used to acquire the hydro company will be returned to VCTY's treasury.

VCTY's strategy to address its deflated share price is to continue with a share reduction plan, locate a new merger partner and close a new merger on all-cash basis.

VCTY management believes that a suitably strong merger and/or acquisition would address the issue of the suppression of VCTY's currently undervalued stock price. The company is in ongoing discussions with a viable and promising American merger candidate that's engaged in cloud computing.

As part of the corporate realignment and efforts to breathe new life into VCTY's share value, the company intends to name new board members and replace its secretary.

Details of the sale of Avtar Singh Construction Company to Evader, Inc. (EVDR) and VCTY's position will be made available via a filing on OTC Markets and in company financials which will be released simultaneously.

Tactician University is currently VCTY's sole subsidiary. Tactician was founded in 2001 to train 21st century Chinese leaders in business and government management. It boasts top post-doctoral research and manages 10 institutes in several provinces through partnerships with reputable Chinese universities. Some 25,000 students have been trained and 10,000 more are enrolled in Tactician programs.

VCTY looks forward to keeping the investor public updated on a timely basis as new developments arise.

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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