StockGuru Shines its Spotlight on VGTel, Inc. (OTCBB: VGTL) (OTCQB: VGTL) Moves into Film Production, Broadway, Stage, Musical, Online and Simulcast Events — August 29, 2011

StockGuru Shines its Spotlight on VGTel, Inc. (OTCBB: VGTL) (OTCQB: VGTL) Moves into Film Production, Broadway, Stage, Musical, Online and Simulcast Events — August 29, 2011

Dallas, Texas (August 29, 2011) – StockGuru Shines its Spotlight on VGTel, Inc. (OTCBB: VGTL) (OTCQB: VGTL) announces the appointment of Peter W. Shafran, attorney and concert producer, as its new Chief Executive Officer.  The Company closed on August 26, 2011, at $1.49, trading on three times average volume and in a fifty-two week range of $2.00 – 1.25.

Mr. Shafran has been practicing law for over 25 years. Serving as the Executive Producer of River Spirit Music, he produced and promoted concerts in the Hudson Valley region. Peter Shafran received a Bachelor of Arts degree in Psychology from SUNY Binghamton, and a J.D. degree from Hofstra University School of Law.

“I am excited to be involved as VGTel moves into film production and live Broadway, stage, musical, online and simulcast events. Working with talented and creative people from the entertainment industry, we have a full slate of production projects on tap with many in the planning and development stage,” states Shafran.

Additionally, the Company indicated:

VGTel, Inc. (OTCBB: VGTL) (OTCQB: VGTL) announced today that it has accepted the resignations of Joseph Indovina, Executive Vice President and Chairman of the Board, Lori Dente, Treasurer and Director, and Frank Queally, Director. Bruce Minsky was appointed as interim Chairman of the Board replacing Joseph Indovina.

VGTel thanks each of the Board members for their diligence and professionalism and welcomes their continued support, as the company shifts direction to become a full scale Entertainment and Production Company.

In the coming weeks, VGTel, Inc. plans to announce additional Board members with expertise in business, technology and in the entertainment fields. Additionally, VGTel, Inc. is currently assembling an Advisory Board comprised of Entertainment Industry Professionals with extensive background in film-making, distribution of films, Broadway and London Stage Productions, Television Commercials, Online entertainment products, film credit financing, publishing, film library, music catalog and other “rights” acquisitions.

VGTel, Inc. remains interested in specific social networking technologies as they pertain to online distribution, broadcasts and multi casts of online and live entertainment products such as concerts, simulcast events and productions geared to internet broadcasting and will continue to seek out opportunities in this arena.

About VGTel

VGTel is a digital media firm actively pursuing the online distribution of digital entertainment products.

VGTL is a member of EquityGroups: An Investors Social Network.

Forward Looking Statement

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company’s actual results, performance and achievement in the future to differ materially from forecasted results, performance and achievement. These risks and uncertainties are described in the VGTel, Inc. filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.

 

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