VGTel, Inc. Completed Negotiations for Expansion NEW

NEW YORK, NY--(Marketwired - Jul 23, 2013) -   VGTel, Inc. ( OTCQB : VGTL ) announced it has completed negotiations with several operators to help them expand internet sweepstakes and charitable gaming operations in several states, including New York and Pennsylvania, which are currently experiencing rapid growth in this $20 billion industry. CEO Peter Shafran described the transaction as a revenue sharing arrangement, saying, "The model calls for each location to operate 50 or more game terminals and VGTel, Inc. will participate through a revenue sharing arrangement exclusive of the day-to-day management of the facilities." Shafran continued, "We believe this will work very well for the Company. Without having to manage operations, we can still increase our top and bottom line revenue, which benefits the Company and our shareholders. We feel that this model can be expanded into many other states and venues and will serve as a platform for the continued growth of the company." Accordingly, VGTel, Inc. is proceeding towards executing formal contracts shortly with an owner/operator to build, acquire and manage as many as 50 locations in New York and Pennsylvania alone. 

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

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