VGTel Names Greg Wells as Chief Executive Officer
May 20 2014 - 1:53PM
Marketwired
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.
Investor Contact: James Humann (407) 271-5574VGTel, Inc. dba 360
Entertainment & Productions Phone: (845) 368-0110
VGTel (CE) (USOTC:VGTL)
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