VGTL VGTel Inc (CE)

NEW YORK, NY--(Marketwired - May 13, 2014) - VGTel, Inc.  (OTCQB: VGTL), a multi-platform entertainment company, today announced the appointment of Martha Phillips, Wesley Kuo and Franco Gelsomino to the Company's Board of Directors, effective July 2014. With these additions, the VGTel Board will be comprised of five directors. Additionally, the Company announced today that it will introduce the members of its newly formed advisory board in the near future.

"We are pleased to welcome Martha Phillips, Wesley Kuo and Franco Gelsomino to the Board of Directors and look forward to working with them to build shareholder value," said Neil Fogel of VGTel. "VGTel is committed to fostering long-term growth and we believe we now have the resources and leadership in place to achieve this goal."

Martha Phillips from San Diego, California has an extensive background in lending and finance with both Wells Fargo and Sierra Pacific Mortgage. She is a driven professional with experience in sales, marketing, management and administration. Throughout her career she has demonstrated a proven ability to implement strategies that increase productivity and profitability. Ms. Phillips is also heavily involved in the non-profit sector and, in 2012, she was retained by Junior Achievement of San Diego to develop a $4 million dollar capital campaign and to design and build JA Finance Park, an educational program teaching students financial literacy through classroom curriculum and Finance Park experiential learning center. Ms. Phillips attended Becker College in Worcester, Massachusetts.

Wesley Kuo is currently the Vice President and Dean of the Asia Theological Seminary in Taiwan. Prior to accepting the deanship at the seminary school, he was Product Director of Energy Device at Aroma Wellness Company in San Diego, California. Mr. Kuo holds a B.A. in theology from Shengte Christian College in Chungli, Taiwan.

Franco Gelsomino of Boise, Idaho is certified in commercial investment management and is a commercial real estate professional versed in all aspects of real estate transactions, including managing the development and execution of representation contracts, purchase agreements, closing statements, deeds and leases. Mr. Gelsomino brings experience in capital allocation and leadership expertise to the VGTel management group.

"We made a commitment to recruit the very best, most talented leaders to guide VGTel's success," said Fogel. "Martha, Wesley and Franco each bring tremendous leadership expertise and experience to the table. I'm confident they will make enormous contributions towards strengthening our partnerships and building value for our shareholders."

Over the coming months, the VGTel board will continue to search for additional world-class directors.

In a separate press release last month, the Company announced that it will form Grand Schema Entertainment, a new company positioned to manage a film fund for the financing of in-house production and the co-production of television programs, documentaries and feature films. 

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 ContactJames Humann(407) 271-5574VGTel, Inc. dba 360 Entertainment & ProductionsPhone: (845) 368-0110

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