TORONTO, Oct. 19, 2004 (PRIMEZONE) -- Velocity International Corp., "VELOCITY," (Pink Sheets:VITJ), or the "Company," today announced that the Company has been invited (to view invite -- http://theinsightagency.com/rfw/) to attend Russia's Fashion Week -- http://rfw.ru/eng/site.php?cat=default.
Velocity is preparing to open an office in the Ukraine in order offer its services directly to Eastern Europe. The Company recently began interviewing prospective Eastern European joint venture partners. Velocity's global talent division intends to focus on representing new talent and acquiring operating talent and modeling agencies. Velocity has entered negotiations and begun the process of soliciting model and talent agencies in Russia and Eastern Europe. The Company intends to globally market any new talent under the Velocity brand name. Velocity intends to globally pursue the opportunity that its technology services may have on the talent and modeling agency industries and the Company's acquisition and marketing strategy.
Velocity has been negotiating with the International Alliance of Model Agencies -- M.A.M.A. www.mama.artsite.ru (to translate the website please utilize http://babelfish.altavista.com/). Presently, M.A.M.A. is composed of 31 agencies from Russia, two from Kazakhstan and Ukraine, one from Uzbekistan, Kyrgystana, Moldovy, Belarus', Estonia, and Latvia.
Velocity wants its shareholders and followers to know that by establishing new divisions and joint venture partners the Company has begun laying the first steps in a platform to grow the company into a major player in the talent management and technology business community.
About Velocity International Corp. -- www.VelocityIntCorp.com
Velocity International Corp. ("VELOCITY," "VITJ," or the "Company") is a publicly traded development stage company created to acquire operating talent and modeling agencies along with acquiring existing technology service companies supporting the professional and amateur talent and modeling agencies, professional and amateur athletes, designers, creative professionals and support entertainment industry professionals. Ultimately, the company intends to provide one-stop solutions and services that address the needs of the fashion and entertainment production client throughout the world.
Safe Harbor Statement:
This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives, and goals of Velocity International Corp. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in any reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.