Richardson, Aug 20, 2018 (Issuewire.com) - VGTel, Inc. (OTCPK:VGTL) announced today that Neil Fogel, Director and CFO, has released the following letter to its shareholders.
Dear Valued Shareholders,
I would like to start off by thanking all of you for your continued dedication and support over the years. 2018 is proving to be a good year for the Company as we have begun the process of strategizing to place our company on a correct trajectory. In order to do so we have set out to do the following.
First and foremost, it was important that we undertake the effort to bring and maintain our financial information current with the OTC Markets as we feel transparency is best and we want our shareholders to have the latest information on our Company. This being said, we have prepared and filed our most recent two (2) years of annual disclosures and financial statements for our fiscal years ending March 31, 2017 and 2018 and further recently filed our most recent quarter ending June 30, 2018. Through these recent filings, we have been able to achieve OTC Pink Current Information status with OTC Markets.
Secondly, the Company is of the belief that we need to review our management team to further support our strategic efforts. As such, we are interviewing new management prospects.
Lastly, our intentions are to identify new investments opportunities, with a principal business objective for the next 12 months and beyond to achieve long-term growth potential through starting up a new business and/or a combination with an existing business. In the past the Company has been focused on making certain investments into films and media technology through conversions of films into ultra-high definition (UHD) or 4K content. Going forward, we are seeking to expand this scope to include a broader area of entertainment, including but not limited to opportunities in hospitality, nightlife, restaurants, digital media, branding and marketing, and talent acquisition and management.
Although we cannot guarantee the success of any of these current efforts and objectives, we do look forward to continuing to communicate our progress as we pursue our future endeavors.
Neil Fogel
Cautionary Statement Regarding Forward-Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Companys expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words anticipate, believe, estimate, upcoming, plan, target, intend and expect and similar expressions, as they relate to the Company, its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
https://www.otcmarkets.com/stock/VGTL/profile
A copy of the letter can be found here:
https://backend.otcmarkets.com/otcapi/company/dns/news/document/32423/content
Media Contact
VGTel, Inc.
646-580-2790
Source :VGTel, Inc.
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