Vancouver, BC / ACCESSWIRE / September 16, 2014 / Velocity (CSE:VCT)(FRANKFURT:9VD), announced that it has completed a $260,000 project for L-3 Communications. This transaction has been completed and not subject to any further supply of products or services.
Velocity CEO, Adam Radly, said "We are very pleased to have completed this project for L3. It was completed on time and on budget."
Mr. Radly also said "We have many customers working on federal government projects so we expect a seasonal rise in order in the months leading up September - the fiscal year end for the federal government. Our sales and management teams are doing a great job during this busy period."
Mr. Radly also said "We will continue to provide updates regarding the commencement and completion of the major projects as they occur."
L-3 is a prime contractor in aerospace systems and national security solutions. L-3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms.
Further information about Velocity is available under its profile on the SEDAR website www.sedar.com and on Velocity's page on the CSE website at www.thecse.com.
The CSE has not reviewed, approved or disapproved the content of this press release.
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Velocity. Forward-looking information is based on certain key expectations and assumptions made by the management of Velocity, including future plans for acquisitions. Although Velocity believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Velocity can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. Velocity disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Not an Offer In the United States:
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable securities laws or any state of the United States and may not be offered or sold in the United States or to the account or benefit of a person in the United States absent an exemption from the registration requirements.
Velocity Data Inc.
www.VIT.technology
Adam Radly
Chief Executive Officer
415-264-0984
[email protected]
SOURCE: Velocity