SOURCE: VGTel, Inc.

VGTel, Inc. Logo

May 20, 2014 14:53 ET

VGTel Names Greg Wells as Chief Executive Officer

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.

Safe Harbor Statement
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.

Contact Information

  • Investor Contact:

    James Humann
    (407) 271-5574

    VGTel, Inc. dba 360 Entertainment & Productions
    Phone: (845) 368-0110