Friday, March 04, 2011 12:11:30 PM
March 2: Videolocity International, Inc. (VCTY; www.videointernationalcorp.com) announced that sole subsidiary Tactician University will take part in constructing a new town named Beihai as part of the northeastern Chinese city of Yingkou. The port city on the Bohai Sea is part of the Liaoning Economic Area and will build a new 50-square-kilometer, 500,000-person administration area named Beihai. Tactician University will participate in planning and constructing Beihai in conjunction with local authorities. The development of Beihai will be of great significance not only to Yingkou but to the entire Liaoning Economic Area.
March 1: VCTY announced that Tactician University has entered a long-term management consultancy agreement with Zhengzhou Xinzheng International Airport (IATA: CGO, ICAO: ZHCC). Tactician will provide the airport with long-term investment, financial, management and administration advisory services that will present new ideas and strategies that it can incorporate into its daily operations. It will also provide a solid foundation for co-operation with the Civil Aviation Administration of China, the establishment of a technical training center and further synchronicity between Tactician and the airport.
MICRO TIPS
VCTY
The company is focusing on operations. A U.S.-based company buyout or an amalgamation with a new U.S.-based company are being proposed.
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