VGTel, Inc. Logo

April 29, 2014 09:24 ET

VGTel Raises $2 Million in Capital Funding to Fund Growth and Innovation

NEW YORK, NY--(Marketwired - April 29, 2014) - VGTel, Inc.  (OTCQB: VGTL), the multi-platform entertainment and 4K film financier, announced today that it has signed two separate funding agreements totaling $2 million. The agreements, each in the amount of $1 million, come as VGTel seeks international expansion and growth through acquisitions and partnerships.

In December, VGTel entered into agreements to finance the digital scanning of a series of 15/70mm films to an 8K digital format. With its production partners and distributor, the films have all been scanned, downscaled to 4K resolution and are presently being offered for 4K or ultra high definition television ("UHD TV") broadcast and theatrical distribution. VGTel's films are currently being presented at international film markets throughout the summer and the company is planning several announcements concerning pending licensing arrangements with OEMs and 4K broadcasters.

With this new investment, VGTel will continue the expansion of its operations as it implements its global growth initiatives in new media and entertainment. The company is in the process of reviewing additional funding offers and is actively seeking additional acquisition opportunities. 

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

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