Videolocity International Inc (VCTY)

[glidingone]

VCTY ASCC Sale Completed - 800 million shares of EVDR.

Here is the link to the terms of the sale of ASCC to EVDR as best as we know currently:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58368002

Additionally - VCTY cannot distribute any proceeds to shareholders from this sale of ASCC - no dividends are planned or allowed - VCTY said this in their past PR's - on 1.31.2011 and 2.2.2011 in official PRs - confirming no dividend: "VCTY is unable to issue a dividend to its shareholders since they are a non-reporting issuer, so the company is exploring other alternatives, such as direct distribution through the transfer agent and or other options available to the company."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60164903

There are no details as far as to what payment VCTY received for the sale of a 3.5 million revenue company. We have only the above mention of 800 million shares of EVDR - and that information is several months old.

Below is the offical PR from VCTY announcing the complete sale of ASCC - (note that VCTY also stated that the sale of ASCC was completed twice before 1.31.2011 and 2.2.2011) The third time may be the charm.

Videolocity International, Inc. (PINK SHEETS: VCTY) (www.videointernationalcorp.com) has announced that the sale of its Avtar Singh Construction (ASCC) subsidiary to Evader Inc. has been finalized.

VCTY now continues with a single main subsidiary: Tactician University. This progressive management education, leadership training and think tank venture tackles prevalent issues in the Chinese economy and society. It continues to grow, offer insights and positively influences China's decision makers.

In other news, VCTY management has been made aware of certain rumours which are currently circulating about a possible reverse stock split of its common shares. VCTY management is using this opportunity to dismiss these rumours as completely untrue. No such split is being considered for the foreseeable future. Management is also aware that its shareholders are seeking an uplift on the share valuations. The company has made this its top priority. Management has several options at its disposal and offers which it's currently entertaining.

Details of this forthcoming uplift and the use of ASCC proceeds from the sale, including financial details, will be released shortly via OTC Markets filing service, updated Adequate Disclosure and a separate news release.