Videolocity International, Inc. (VCTY) Merger And Recapitalization Update

HENDERSON, NV, March 8 /PRNewswire-FirstCall/ - Videolocity International, Inc. (VCTY; http://www.videointernationalcorp.com) offers explanation to the size of the company's recapitalization.

See Nevada State Filing http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=DkbCwbqdXLEbS%252f9WzSySbA%253d%253d&nt7=0

As the company prepares for its targeted mergers (more than one targeted company) with new viable businesses and as the merger negotiations continue, the company has recapitalized its Authorized Share structure to 4,880 million shares

One of the second merger candidates is a colossal Hydroelectric Utility Company who serves to 80,000 users in China, with assets over $200 million (USD) Obviously if the hydroelectric utility merger negotiations do not come to fruition, the company will reduce the authorized share structure back to the original andpreviously announced 888 million shares.

A source with Mina Mar Group the M&A company assisting the company in the merger progress said "The last thing we want to do is to is portray the issuer and (our client) in a position of weakness. Just coming off of being a court appointed guardian company they need all the nurturing and assistance and not any peril.

By that we mean, having the targeted company agree to complete the transaction on a all share exchange transaction, and then having to tell the merger candidate we don't quite have all of our ducks in order will not sit well with many solid private companies looking to merge. To tell the merger candidate that the issuer will need another 7 to 10 days to recapitalize and then we can revisit the issue just won't fly.

A lot of things can happen in that time frame. For example a competitor could come along and derail the whole process. When we head out for a merger with a client we represent, the message we like to pass along is the issuer is here, and ready to do the deal. Obviously there are State fees of several thousand dollars that are needlessly spent by recapitalizing and then undoing the recapitalization (if the deal falls apart) however that is a small price to pay and we see it as the cost of doing business. On the flip side, the unexpected share increase is something the trade speculators and stock manipulators play upon with messages of "dilution" in order to scare the novice and unsuspecting shareholders. We again remind the readers that this company is in a rebuilding stage operating under the auspices of the court appointed guardian. We ask the readers to review the progress made in the last month and the pdf documents posted on the issuers web site".

Videolocity International urges its followers to check for updates often, as the company walks down the path to serious business opportunities and market respect.

The company reminds our shareholders and followers to monitor PinkSheets.com Filing Section and also our IR company web site section "CLIENT SUPPORT" TAB www.minamargroup.net/ or this direct link http://minamarmarketinggroup.helpserve.com/ for further updates on this and other business matters. Non-newsworthy events are not press released however posted on these two separate support sites to keep our followers advised of day-to-day events. For any matters relating to retail investor queries or to send us the company directly a message please click on the "INVESTOR SUPPORT" TAB or this direct link www.minamargroup.net/helpdesk.

Don't be a victim. Take Control! Report a stock basher! The company is mindful that short sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed companies with hidden agendas, where amongst other things they continuously spread false rumors, dark propaganda and innuendos in order to manipulate the trading patterns and thwart company plans for their own "quick profits" and self serving needs. The company and its supporters are monitoring these activities and those are promptly being reported on the http://www.stockbasher.com/ web site. Visit http://www.stockbasher.com/ and find out what criminal and civil actions the US authorities are taking against web sites like investorshub.com and other posters, and other media that provide safe refuge to these individuals and the remedies available to you as an individual investor.

Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support Section in due course. To be included in company's email database for press releases, industry updates, and non-weekly activity at the company that may or may not be news released, please subscribe or opt in mailer at www.minamargroup.com/updates.

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.

CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com

SOURCE Videolocity International, Inc.