Monday, December 20, 2010 12:42:42 PM
http://ih.advfn.com/p.php?pid=nmona&article=45727929
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.
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