VGTL VGTel Inc (CE)

NEW YORK, NY--(Marketwired - June 03, 2014) - Grand Schema Entertainment, a wholly owned subsidiary of VGTel (OTCQB: VGTL) has started production of a 4K movie featuring extreme athlete Joby Ogwyn, the world's premier wing-suit flyer. 

Producers John Molli and Joby Ogwyn, along with filmmaker Christopher J. Scott are producing the film in giant screen format for worldwide release. The film follows Ogwyn around the world as he pursues his quest to be the first human being to base jump and fly in all seven continents. Shot in UltraHD 4K, the documentary will feature Ogwyn performing exhilarating wing-suit flights off of some of the most dangerous and exotic peaks, structures, and recognized landmarks around the world. The film is being produced in conjunction with Ogwyn's Production Company, Swing for the Fence. Ogwyn's longtime producing partner, Eric Farber, will act as Co-Executive Producer on the film.

This announcement comes on the heels of Ogwyn's cancelled attempt in May to be the first person to fly from the peak of Mount Everest. That jump was scheduled to be broadcast live around the world on the Discovery Channel but was cancelled due to the tragic avalanche that claimed the lives of thirteen Sherpa guides.

VGTel is a multi-platform entertainment and film financing company and this film marks the first production for its newly formed subsidiary Grand Schema Entertainment.

The film will be directed by Grand Schema's Christopher J. Scott, who said, "This is an exciting time as Joby and I have been working on this project for a long time. We not only feel that this is a first of its kind film, but that it will be a compelling story about an extreme sport that only few truly know about. We're looking for this to be the 'Endless Summer' of this genre."

"We are very excited to partner in this new adventure! Chris is a tremendously talented director and has a great vision for this project," added Joby Ogwyn.

VGTel's CEO Greg Wells stated, "We wanted the first film from Grand Schema Entertainment to make a statement and help set the stage for the types of projects we want to bring to audiences all around the world. Our vision is to produce exhilarating, engaging and fun movies that leverage emerging technologies and allow audiences to immerse themselves in a film like never before."

Principal photography will begin mid-July 2014.

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.

Media Contact: James Human (407) 271-5574 Investor Contact: Greg Wells (917) 817-9952VGTel, Inc. dba 360 Entertainment & Productions Phone: (845) 368-1011

VGTel (CE) (USOTC:VGTL)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

VGTel (CE) (USOTC:VGTL)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024