August 29, 2011 18:36 ET

VGTel, Inc. (VGTL OTC BB) Announces Intention to Pursue Online Distribution of Films, Broadway Plays, Musicals, Live Concerts and Other Entertainment Content

NEW YORK, NY--(Marketwire - Aug 29, 2011) - VGTel, Inc. (OTCBB: VGTL) (OTCQB: VGTL) has announced today its intention to actively pursue a strategy of online distribution of entertainment content. VGTel plans to distribute in the near future, on demand, first run films, films not previously distributed online, and other independent and mainstream films.

VGTel, Inc. plans to distribute its own productions as well as productions produced outside the company umbrella. Additionally, VGTel, Inc. plans to distribute Broadway plays, musicals and live concerts. VGTel, Inc. anticipates that a portion of these entertainment products will be produced or co-produced by VGTel, Inc. as it produces plays and musicals for the stage in New York, London and other traveling venues.

Peter Shafran, VGTel, Inc.'s new CEO, said, "While it is a relatively new phenomenon to broadcast live events simultaneously over the Internet and to show them in movie theatres, we are excited to be part of the new and expanded digital media marketplace. Recently, broadcasts of Metropolitan Opera productions into movie theatres around the globe have attracted record audiences. We see no reason why this trend will not continue and grow and expand to broadcasts of Broadway and London theatre productions, as well as other digital entertainment products. The marketplace for these products is huge and diverse. We believe that targeted audiences in Europe, Asia as well as South and Central America would appreciate the opportunity to attend a screening of Broadway and London stage productions without the cost and burden of travel."

About VGTel

VGTel is a digital media firm actively pursuing the online distribution of digital entertainment products. VGTL is a member of EquityGroups The Investors Social Network.

Forward Looking Statement

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance and achievement. These risks and uncertainties are described in the VGTel, Inc. filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

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