VGTel, Inc. Sees Growth in Gaming Industry
May 07 2013 - 2:00PM
Marketwired
NEW YORK, NY--(Marketwired
- May 07, 2013) - VGTel, Inc. (OTCQB:
VGTL) began its first quarter with a big push into the
internet gaming business. The charitable gaming business and
the internet sweepstakes industry is rapidly growing and expanding
in the United States and, by some estimates, is likely to reach $20
billion by 2014. Upon completion of our next acquisition, the
Company will look to expand operations from its own inventory into
five or more existing states of operation and others. The Company
is working with operators in Arizona and California to expand the
charitable gaming business in those states by acquiring assets
already in place and operation. "We are also in the 'due diligence'
process to acquire existing assets in place in the field and
operation in multiple states with separate reporting management
systems and a suite of games that are different than but
complementary to some of the existing software in play," said CEO
Peter Shafran. He added, "The Company is excited about expanding
the charitable gaming and sweepstakes business in those venues and
states where it is possible based on the regulatory
environments."
About VGTel, Inc. VGTel, Inc. is devoted to creating a multi-platform
company offering products and support in the digital gaming
industries. In addition, VGTel is seeking other opportunities
in the rapidly growing electronic gaming industry in those venues
and states where allowed by regulation. Our business outlook
focuses 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
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significant degree of risk. You should not invest in our
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deciding to invest in our common stock. If any of the
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materially adversely affected and you could lose your entire
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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
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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
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disclaims any intention or obligation to update or revise any
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future events or otherwise.
CONTACT: Investor Contact: Peter ShafranCEO VGTel, Inc. dba 360
Entertainment & Productions Phone: (360) 8-360-ENT
petershafran@360entertainmentandproductions.com
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