TORONTO, Feb. 2, 2005 (PRIMEZONE) -- Velocity International Corp. (PinkSheets:VITJ) "VELOCITY," "(VITJ)," or the "Company," today announced that it has signed an agreement with New York City-based ARTS Management to further the development of VITJ's Photography and Artworks Division in Canada, New York, Los Angeles, Miami, the Caribbean and London. The Company is projecting revenue of over three million dollars in 2005 from this new division which will help further Velocity's revenue base. Velocity Photography and Artworks division is developing relationships with artists and photographers that have experience with some of the world's top photographers such as Marc Hom, Marc Baptise, Max Vadukul, Brian Bowen Smith and world renowned artists such as Jean Michel Basquiat, Sol Lewitt, Alexander Calder, James Rosenquist, Ronnie Cutrone, Robert Ryman, Alfred Jenson, Roy Lichenstein, Andy Warhol, Ellsworth Kelley, Max Ernst, Tom Wesselman, Kieth Haring, Louis Bourgeois, Mark Rothko and Ed Ruscha.
ARTS Management is a diversified management company that focuses on multi-media artists, New Media, Photographers, Painters, Sculptors, Installation Artists -- multi-media producers, from around the world. ARTS Management also engages in brand representation and awareness. Artists will be integrated into ART Management's global vision shaping the art world. ART Management produces exhibitions with its artists and art curators from Miami to Singapore, Milan and New York. A detailed description of ARTS Management's schedule, artists and sponsors is being prepared for 2005 through 2006.
Velocity believes that by developing strategic prominent business relationships with celebrity artists, photographers, publicists and the entertainment industry may be able to secure Velocity some big campaigns such as Calvin Klein, Donna Karan, The Gap, Victoria Secret, Hugo Boss and Chanel. This division is envisaged to be a huge revenue source with extremely low overhead as well as an important asset to Velocity's modeling, commercial and branding departments. The Company intends to globally market under the Velocity brand name. "Velocity has begun laying the steps in its platform to grow the company into a major player in the talent, management and technology business community. The Company intends to continue to globally pursue the opportunity that Velocity's technology services may have on the talent and modeling agency industries and the Company's acquisition and marketing strategy."
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.