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Monday, 01/31/2011 12:39:53 PM

Monday, January 31, 2011 12:39:53 PM

Post# of 59722
pennyst0ckrumor Stock Rumors
$VCTY more unreleasednews:

Videolocity International, Inc. (VCTY)

VCTY Closes Sale of ASCC


Videolocity International, Inc. (VCTY; www.videointernationalcorp.com) has closed the sale of its Indian subsidiary, Avtar Singh Construction Company (ASCC) to Evader Inc.

Now that VCTY has completed its sale of ASCC, it will update its Adequate Disclosure as soon as the first quarter 2011 is complete. The proceeds of the sale will be reflected in VCTY's financials.