Alert from Wall Street Reporter
VCTY
January 27, 2011
www.wallstreetreporter.net
Videolocity International, Inc. (VCTY) to Complete Sale of ASCC
Videolocity International, Inc. (VCTY; www.videointernationalcorp.com) has announced that it will soon complete the sale of its Avtar Singh Construction (ASCC) subsidiary.
Following the VCTY news of January 3, 2011, where the company announced the sale, we believe that this deal will be finalized soon. This transaction should increase the inherent value of VCTY, which should be reflected in its the price per share of its stock.
The sale of ASCC is being conducted on an all-stock basis and could yield VCTY several million dollars in profits. VCTY had only intended to hold ASCC, an Indian construction company, for a short time after purchasing it in October 2010 for a fraction of the price that was being asked.
This reshuffling of the company portfolio will allow VCTY to focus on its Tactician University subsidiary in China. Tactician is a progressive management education and leadership training center that tackles prevalent issues in the Chinese economy and society, and trains 21st century Chinese leaders. The think tank operation's training program focus on business and government and manages 10 institutes in different provinces through partnerships with reputable Chinese universities. It has a proven business model and VCTY is considering complementing it with additional viable ventures.
The sale of ASCC should enhance the value of VCTY and improve its shareholders' positions in the company as it grows more organically within its industry niche.
Keep an eye on VCTY!
