SOURCE: VelaTel Global Communications, Inc.

VelaTel Global Communications, Inc.

May 22, 2012 08:00 ET

VelaTel Launches New Video Series for Its Shareholders

SAN DIEGO, CA--(Marketwire - May 22, 2012) - VelaTel Global Communications (OTCQB: VELA) (PINKSHEETS: VELA), www.velatel.com, a leader in deploying and operating wireless broadband and telecommunication networks worldwide, today announced a new monthly web video series. The first video in the monthly series is now accessible through VelaTel's website, www.velatel.com/investors/monthly-video-update. The first video features VelaTel's Chairman and CEO George Alvarez presenting an updated overview of the company's Projects Critical Path Timeline, which was first distributed as part of the shareholder letter dated February 29, 2012. In a "talking head" format, Mr. Alvarez describes the progress the company has made over the last few months in meeting the timeline targets, and the current stage of each project. Production will soon commence on the second video, which will launch in June 2012. The company also plans to produce and release informative videos about various aspects of its business model, including market demographics applicable to particular countries, graphical explanations surrounding technologies the company utilizes, and other content that benefits from a visual presentation.

"This ongoing video series will help educate potential and current shareholders about the many opportunities we have here at VelaTel, so they can get a better grasp of what is really happening with their investment," said Alvarez. "We hope these videos showcase the enormous progress happening behind the scenes, as well as our desire to keep our shareholders abreast with the company's activity."

In addition to being available on www.velatel.com, the series will be promoted by the company's social media channels, including Facebook, YouTube, and Twitter.

About VelaTel Global Communications, Inc.
VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People's Republic of China, Peru, Croatia and Montenegro. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel's administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

Safe Harbor
This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

Contact Information

  • VelaTel Contacts:

    Tim Matula
    Investor Relations
    (Toll Free) 1-877-260-9170
    Email Contact