Business News • MarketWire • Videolocity (VCTY) Identifies Buyer of Its ASCC Subsidiary Valued at $ 4.8 Million USD |
Videolocity (VCTY) Identifies Buyer of Its ASCC Subsidiary Valued at $ 4.8 Million USD |
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Videolocity (VCTY) Identifies Buyer of Its ASCC Subsidiary Valued at $ 4.8 Million USD
HENDERSON, NEVADA--(Marketwire - Jan. 3, 2011) - Videolocity International, Inc. (PINK SHEETS:VCTY) (www.videointernationalcorp.com) names the purchaser of its subsidiary Avtar Singh Construction (ASCC). The buyer Evader, Inc. (EVDR) will pledge about 800 million shares as security in escrow in a complex transaction that will allow EVDR to securitize certain financing and debt to secure control of VCTY's subsidiary ASCC. Avtar Singh Construction http://www.videointernationalcorp.com/ascc.php is one of the major developers in Chandigarh, India, with strong ties to the local community and municipal governments. ASCC owns a total of three different companies which run into various fields, namely roads and highways, real estate and leasing/financing, and offers revenues in the range of
View More : http://www.marketwire.com/mw/release.do?id=1374951&sourceType=3
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