Videolocity International, Inc.

Videolocity International, Inc.

November 10, 2010 11:12 ET

Videolocity (VCTY) in Merger Talks with Ameta International

HENDERSON, NEVADA--(Marketwire - Nov. 10, 2010) - Videolocity International, Inc. (PINK SHEETS:VCTY)( management announced that the company has entered into merger discussions with Ameta International Co. Ltd.

Ameta is a profitable technology sales company with 25 employees, national sales representation throughout Canada, and $3 million USD in annual revenue. The company is engaged in sales and distribution of security and closed circuit monitoring services.

In other news, as previously announced, VCTY is considering Tactician University (TCU) and may begin to entertain similar proposals for the Avtar Singh Construction Co (ASCC), subsidiary on an all-cash basis to reduce its current outstanding share structure. For TCU, the purchaser is in the process of completing its due diligence, currently for ASCC all options remain open. VCTY is keeping all options open at this point and feels that this is a material change of events that warrants a release to the public. Should Ameta come to fruition, VCTY will also rescind the name change currently in process.

VCTY management is adamant, dedicated and determined to seeing this process through to completion and having its share price values addressed. The company intends to keep investors and followers informed as this situation develops, on a timely basis and kindly requests that shareholders and followers do not contact the targeted merger candidate until after the final announcement is made.

The VCTY management is taking notice of shareholders concerns regarding share values. The management sees this swift and unprecedented action as one way to breathe new life in VCTY including the share reduction plan, from the proceeds of the sale. It appears the market is simply ignoring TCU and ASCC revenues and assets in the current valuation. Henceforth VCTY management is of the opinion that Ameta International Co. which does not offer revenues in the same ranges of the Asia businesses, may offer the market a more in-line business model and, being a North American company; a better connection with the VCTY shareholder base.

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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.

Source: Videolocity International Inc.

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