08.31
HENDERSON, NEVADA, Aug 31, 2010 (MARKETWIRE via COMTEX) — Videolocity International, Inc. (PINK SHEETS: VCTY) (http://www.videointernationalcorp.com) subsidiary Tactician University recently held training courses for executives and government officials in the city of Dongguan, Guangdong province.
The training, delivered over the period of two months in partnership with Tiancheng University, focuses on increasing innovation in small and medium enterprises (SME), along with executive training. A total of 170 entrepreneurs from Dongguan City applied to take part in the training, with 68 executives accepted as trainees, along with six management students from the Science and Technology Department of Guangdong’s provincial government.
During the training, executives learn to improve enterprise management strategies, identify and target their competition, and discover how to use technological innovations to implement economic development initiatives for small and medium businesses.
Tactician University VP Zheng Jianshe and Ye Jingtu, deputy director of the Science and Technology Department, both agreed that having executives participate in innovation and development training of this kind is important for the development of Guangdong’s economic success, stressing the importance of innovation in enterprise development in Dongguan.
VCTY looks forward to continued cooperation between Tactician and the Guangdong government, as well as similar projects involving other local governments.
In other company news, VCTY management is of the opinion that the following is a material event which warrants a public address. VCTY is in the final stages of due diligence of Hydro China deal. The delay in closing the China Hydro transaction stems from the 11th hour cash and stock buy out offer from a USA based financial consortium group for the VCTY’s Tactican assets. The targeted buy out candidate is not a Mina Mar Group client, however Mina Mar Group is the lead consultant in the transaction. Obviously the management of VCTY will not complete the buy out of Tactican ahead of closing the China Hydro deal as doing so would render VCTY a shell. VCTY management is hopeful to close both transactions simultaneously which in its opinion would yield the company and its shareholders the greatest return.
About Mina Mar Group:
Mina Mar Group, MMG offers full corporate services to public companies from filings, compliance and corporate governance matters. MMG pioneered the industry first “Go Public Free” program, the first OTC Markets firm to challenge the short sellers, stock bashers and repeal of the “Communication Decency Act”. Visit www.minamargroup.com/ice to learn more and www.stockbasher.com to participate as a shareholder of the issuer.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations, maintenance and investor awareness.
To be included in company’s email database for press releases, “Friday Tips”, Monday Analysis industry updates, and various client companies activities and updates that may or may not be news worthy or news released, please subscribe for opt-in mailer at http://www.minamargroup.com/updates.
