VGTL VGTel Inc (CE)

VGTel, Inc. Announces Plans to Acquire Digital Rights to Film Libraries for 4K Ultra-High Definition Scanning and Distribution

NEW YORK, NY--(Marketwired - April 08, 2014) - Continuing its strategy of delivering new media content to audiences around the world, VGTel, Inc. (OTCQB: VGTL) today announced that it is currently in discussions with major studios and independent producers to acquire the digital rights to archived film libraries for scanning to 4K ultra high definition ("Ultra-HD"). The strategic announcement comes on the eve of MIP TV, the international film market held annually in Cannes, France on April 7-10, 2014.

After acquiring the digital rights to a series of 'giant screen format' films in late 2013, VGTel scanned the films to digital 8K resolution and is now downscaling the movies to 4K Ultra-HD and presenting the films to buyers at MIP TV this week. The company is also seeking to obtain the digital rights to 100-300 titles (including both English language and foreign films) for scanning and digital distribution in Ultra-UHD or higher resolution. 

"With our recent acquisition of the digital rights to massively popular and 'evergreen' documentary titles like Alaska, Bears and Adrenaline Rush, we want to continue to expand the company by not only acquiring more 4K titles but also by aligning with businesses in live action film production, visual effects, and post production technologies," said Neil Fogel of VGTel.

The acquisition of film properties for restoration and 4K digital distribution is in alignment with VGTel's strategic priorities for continued long-term growth. "We are looking to acquire libraries of quality productions with global appeal that are well suited for Ultra-HD digital platforms," added Fogel. "We believe UHD hardware sales will continue growing and there is significant potential for the owners of 4K film libraries. The goal is to create additional long-term value for our shareholders."

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.

Investor Contact:James Humann (407) 271-5574VGTel, Inc. dba 360 Entertainment & Productions Phone: (845) 368-0110