NEW YORK, NY--(Marketwired - May 20, 2014) - VGTel, Inc. (OTCQB: VGTL) today announced that its Board of Directors has appointed Greg Wells as Chief Executive Officer effective immediately.
As CEO, Mr. Wells will manage the company's day-to-day operations out of Southern California with assistance from VGTel's Board of Directors and newly appointed Advisory Board. Prior to VGTel, Mr. Wells served as CEO of Corporate Alliance Global and President & CEO of Five Point Capital. Wells has also held senior executive roles with Vistage International and Wells Fargo.
"After a thorough and deliberate selection process, the Board of Directors is delighted to announce that Greg Wells will lead VGTel. He has extensive leadership and operational knowledge in a variety of roles across multiple industries. His plethora of experience gives him a unique perspective to identify and capitalize on a wide range of business resources to propel our organization," said Neil Fogel of VGTel. "Greg has a proven ability to create strategic clarity, ensure disciplined execution, and deliver results."
"I am honored to have been asked to serve as VGTel's CEO. From day one my goal will be the creation and sustainability of long-term shareholder value," said Greg Wells. "With VGTel's recent business initiatives and partners, the company is very well-positioned to seize new opportunities. I look forward to working with the entire VGTel team as we embark on this exciting journey."
VGTel's interests include film production and post production, and film financing. In November 2013, the company announced it was converting a series of giant screen format films to digital 4K and, last month, the company announced it was forming Grand Schema Entertainment, a film financing company for the production and co-production of movies and television programs.
VGTel recently appointed Martha Phillips and Franco Gelsomino to the Board of Directors. In addition, the company has formed an Advisory Board consisting of industry professionals Ralph Rieckermann, Christopher J. Scott and Michel F. Sanner Ph.D.
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 www.360entertainmentandproductions.com.
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