Videolocity International, Inc. (PINK SHEETS: VCTY) Upgrades to "Current Information" Tier Status with the OTCMarkets
December 20 2010 - 12:33PM
Marketwired
Videolocity International, Inc. (PINK SHEETS: VCTY)
(www.videointernationalcorp.com) announce that OTC Markets have
removed the "limited information" status and have upgraded the
company to its highest rating of "Current Information".
Current Information is the highest status with requirements
including Initial Disclosure and Information statements, current
share structure, current financials and an SEC attorney letter
verifying financial information submitted. OTC Markets employs a
rigorous information reporting system for non-reporting companies
and rates them in accordance to transparency elements from its
lowest rating of "Caveat Emptor" to its highest rating of "Current
Information" for Pinksheet companies
(http://www.otcmarkets.com/otcguide/investors_market_tiers.jsp).
"We believe our new status will greatly enhance overall market
confidence in VCTY. Our ability to upgrade to 'Current Info' status
on the OTC Markets should send the market a strong signal that we
are here and that we mean business, raising our company value,
doing what's best for the shareholders, and giving potential
shareholders the ability to make informed decisions," said the
company secretary Marc Pintar.
Following the period of silence, the company will continue with
all its business and corporate plans, and will update its followers
as new opportunities unravel.
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.
Contacts: Investor Relations: 1-647-426-1640
www.minamargroup.net/helpdesk Investor Relations Department
Inquiry: www.minamargroup.net (IR) For (M&A) and Corporate
Matters: www.minamargroup.com Videolocity International Inc.
corporate@videointernationalcorp.com
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