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November 21, 2013 18:04 ET

VGTel, Inc. Begins Scanning IMAX® Format Films for New Digital Ultra-High Definition (4K) Format and Will Begin Releasing the Films During the First Quarter of 2014

NEW YORK, NY--(Marketwired - November 21, 2013) - As VGTel, Inc. (OTCQB: VGTL) continues its nationwide expansion of its internet gaming/entertainment business, the Company announced today that it has begun the analogue-to-digital conversion of a series of award-winning films originally produced for IMAX® theaters. VGTel, in partnership with Los Angeles-distributor K2 Communications, Inc., will release the movies for Ultra-High Definition (UHD or 4K) broadcast and to museum theaters worldwide beginning in Q1 2014.

The process involves a laboratory scan of the large format 70mm film negatives to a digital version that is greater than four times the resolution of today's high definition movies. The 4K digital picture is what experts consider the perfect image with today's technology.

"The decision to pursue this opportunity was motivated by the rising demand for 4K content, the availability of these technically impressive films, and the current state of UHD technology for cinema distribution and, perhaps, even more significantly, home theater applications," said Peter Shafran, CEO of VGTel.

The news comes on the heels of several significant announcements concerning the new UHD format -- what many are calling the 'future of cinema and home entertainment.'

This year IMAX® announced that, after making its largest R&D investment in history (incorporating patents from Kodak), it will launch its new 4K digital laser projector system in theaters by mid-2014. The installations are expected to be widespread particularly across Asia. In the consumer sector, to promote the sale of its 4K TVs, Sony recently launched its own UHD video download service called Video Unlimited 4K and, earlier this month, Netflix announced it has started testing 4K streaming in preparation of its planned UHD services in 2014.

VGTL's announcement coincides with its forward-looking vision for new media and entertainment. The company is focused on the opportunities for growth in the digital film industry, particularly in markets around the world, like China.

"We are currently in discussions to license these 4K documentary films across all platforms including UHD home cinema and museum theaters like the angled OMNIMAX® dome cinemas you find in museums and science centers globally," added Shafran. 

About VGTel, Inc. 
VGTel, Inc. is a multi-platform company offering products and support in the entertainment industry and is focused on a strategy of growing and building business units through investments and acquisitions. For further information, go to

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