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October 03, 2013 12:12 ET

VGTel, Inc. Announces Appointment of CFO

NEW YORK, NY--(Marketwired - October 03, 2013) - VGTel, Inc. (OTCQB: VGTL) announced today that Neil Fogel has been appointed to the Company's position of Chief Financial Officer, effective as of October 1, 2013.

Mr. Fogel currently serves as principal of Neil Fogel, CPA, an independent full service accounting firm in New York, where he directs financial planning and tax accounting for individuals and businesses and advises its client base in risk assessment, capital gains and tax preparation. Previously, he served as Controller for Databit, Inc., a computer hardware reseller and service provider. He also served as Director of Finance for Data Systems & Software, Inc., a high tech company and Controller for Ecomat, Inc. Mr. Fogel is a graduate of Brooklyn College CUNY with a B.S. degree in Accountancy and is a member of the American Institute of Certified Public Accountants.

"We are pleased to welcome Neil to our company," said Peter Shafran, Chief Executive Officer of VGTel, Inc. "Neil has held several challenging financial leadership roles and has excelled in many diverse businesses. He is distinctly qualified to serve as VGTel's Chief Financial Officer based on his prior public company experience with Data Systems & Software, Inc. and Ecomat, Inc. We are looking forward to leveraging his expertise for both the day-to-day financial operations of the Company and long-term strategic planning."

About VGTel, Inc.
VGTel, Inc.
is devoted to creating a multi-platform company offering products and support in the digital gaming industries. In addition, VGTel is seeking other opportunities in the rapidly growing electronic gaming industry in those venues and states where allowed by regulation. Our business outlook focuses on a strategy of growing and building business units through investments and acquisitions. For further information, go to

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The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the possibility of unknown factors, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statement. An investment in our common stock involves a significant degree of risk. You should not invest in our common stock unless you can afford to lose your entire investment. You should consider carefully all risk factors and other information in our annual report and quarterly filings before deciding to invest in our common stock. If any of the following risks and uncertainties develops into actual events, our business, financial condition or results of operations could be materially adversely affected and you could lose your entire investment in our company.

Forward Looking Statements:
This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company's business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in the Company's filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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