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CST: 26/03/2019 19:12:08   

VGTel, Inc. CEO Details Newly Acquired Assets/IP Alongside Initiatives for Growth and Impact in Media and Entertainment

12 Days ago

LOS ANGELES, March 14, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- VGTel, Inc. (OTC:VGTL) (“VGTL” or the “Company”), a media and entertainment holdings company with a focus on building businesses through investments, acquisitions and development, is pleased to announce the following update detailing newly acquired assets from Mike The Pike Productions (OTC:MIKP):

As previously announced, VGTel, Inc. has acquired certain media and entertainment assets from Mike the Pike Productions, Inc. (OTC:MIKP). The assets are held in VGTL’s wholly owned subsidiary, Mike The Pike Entertainment and include:

11.3% participation in the feature film ‘Beyond White Space’.  The feature film stars Holt McCallany (Netflix’s Mindhunter, Lights Out) and Zulay Henao (The Oath, Grow House) and centers on the captain and his crew on a deep space fishing vessel, up against a ferocious mythical creature that the captain suspects killed his father on a previous expedition. 

The film premiered in theaters December 14th and is now playing on SVOD such as Amazon Prime.

Learn more about ‘Beyond White Space’ here: https://tinyurl.com/y5hglesc
‘Beyond White Space’ trailer: https://www.youtube.com/watch?v=7eUwsVez4hU

George R.R. Martin’s The Skin Trade- Motion Picture rights-- Originally optioned by Mike The Pike Productions (MTP), this World Fantasy Award winning werewolf novella was originally featured in Stephen King’s ‘Night Visions V’. In 2014, CEO Newbauer partnered with others to purchase the property in exchange for a 25% stake.  Development/Production details are currently under wraps. 

George R.R. Martin commented on his blog:  “…And about time. I've always thought there was a terrific movie in "The Skin Trade," but somehow no one has ever optioned it till now. The novella is a horror/ mystery cross set in a decaying rustbelt city and featuring a female private eye and a hypochondriac lycanthrope, how that for high concept? Randi and Willie are still favorites of mine. The novella won the World Fantasy Award too, which is how I got that head of H.P. Lovecraft that looks down over my living room. I hope that Mike the Pike does a kickass job with it.”

The Mice Templar (Film/Series rights) – The Award-winning series from creators Bryan J.L. Glass (Furious, Thor), Michael Oeming (Powers) and Victor Santos (Netflix’s ‘Polar’).  Synopsis: After his village is destroyed and his family kidnapped, a precocious young mouse is chosen by the gods to learn the ways of a fallen secret society in order to take down a tyrant king and restore balance to the universe.

Material updates are forthcoming on this project.

As well, the company acquired the branding rights to HorrorHive, a platform and channel under development to serve creators and fans of film and print in the horror genre.

The company currently has formal offers out to acquire two significant pieces of legacy literary IP for adaptation to screen. These are currently pending and will be announced upon successful close.  

Other items of note are currently under negotiation and will be announced once completed. 

“I’m very excited to share more. We are working diligently behind the scenes to position the company and its shareholders for momentous growth beginning with the cultivation of legacy IP to commercially viable content in partnership with major studios and/or SVOD partners,” states CEO Newbauer.  “We expect to have further material updates in the coming days.”

VGTL is actively working to update OTC Markets, its corporate website and social media accounts to properly reflect its path forward and business model.

About VGTL
VGTel, Inc. is a Media and Entertainment Holding company with a focus on growing and investing in businesses and technology relevant to the space. Mike The Pike Entertainment is its wholly owned subsidiary with a model in IP Acquisition, Development and Production. VGTel, Inc. has plans to change the company name to Arowana Media Holdings.

CEO LETTER TO SHAREHOLDERS 3/6/19: https://tinyurl.com/y5sznbdf

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 Company's 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.

Company contact:
info@vgtelinc.com

Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/9f3111d8-083f-4501-8ba0-beb25e73566d

http://www.globenewswire.com/NewsRoom/AttachmentNg/9434b0ee-839d-4277-a176-3ac08be38a5c

http://www.globenewswire.com/NewsRoom/AttachmentNg/0b9724fe-5fb6-4c60-9c14-268444f8ede7 

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