Videolocity International Inc VCTY

Videolocity International, Inc. (Videolocity) is a technology company. The Company is focused on the acquisition and development of technologies that reduce bandwidth requirements for numerous applications of digital content. The Company’s Videolocity Digital Entertainment System is a digital entertainment system, which uses the Company’s technologies to deliver video-on-demand to televisions, computers and mobile devices by using a variable bit rate encoding solution that will allow for streaming anywhere between 40 kilobits per second and 1.5 megabits per second depending on the end-user device. In addition to video content viewing, the system is capable of providing Internet access, digital music-on-demand, games, full Web surfing and a variety of e-commerce applications, as well as customer specific informational and educational content. On December 1, 2005, the Company entered into an agreement with E. Oliver Capital Group LLC toward the formation of a joint venture.