|By Marketwired .||
|March 20, 2014 01:07 PM EDT||
NEW YORK, NY--(Marketwired - March 20, 2014) - VGTel, Inc. (OTCQB: VGTL) which announced its entry into the 4K ultra high definition ("Ultra-HD") film market back in November 2013, reaffirmed its commitment to expanding its library of 4K films and programs.
"The global market indicates that 4K TV is on an aggressive growth trajectory and the creation, acquisition and distribution of 4K content is a very important strategy for our company," said Neil Fogel of VGTel.
Sales of 4K TV sets are progressing at a rate nobody anticipated. A report this week from NPD DisplaySearch, a California-based global research company, reported that global 4K LCD TV shipments reached 1.6 million units in 2013, with nearly one million units shipped in the fourth quarter alone. In its February 2014 analysis, NPD DisplaySearch forecasts that 30 million Ultra-HD screens will be sold worldwide in 2014.
Ultra high definition will be in the spotlight at next month's MIP TV conference at the Palais des Festivals in Cannes, France. The annual MIP TV conference is an international content market for co-producing, buying, selling, financing and distributing entertainment properties. The MIP TV 4K Ultra-HD program, created in partnership with Sony Corporation and sponsored by SES Astra, will run from April 7-10 and represents the world's first showcase of 4K content covering all entertainment genres. The entire inventory of VGTel 4K films (including Adrenaline Rush: The Science of Risk, Alaska: Spirit of the Wild, Bears, and Amazing Journeys) will be presented to buyers during MIP TV next month.
The MIPTV 4K program is indicative of the worldwide adoption of 4K programming. The four day panel will feature the participation of the BBC (UK), DBW Communication (Italy), FourK Productions (USA), Sky Deutschland (Germany), Sky Italia (Italy), Next Generation Television & Broadcasting Promotion Forum (Japan), NHK (Japan), SES Astra (Luxembourg), Onsight (UK), Terra Mater Factual Studios (Austria), Saint Thomas Productions (France), and United4All (Netherlands).
"We believe that large-panel Ultra-HD sales will continue trending up beyond 2014 and there is significant potential for the owners of 4K entertainment properties. We are continually looking for additional 4K titles to expand our library of films and are planning to increase our footprint in the industry through acquisitions and partnerships," added Fogel.
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.
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.
VGTel, Inc. dba 360 Entertainment & Productions
Phone: (845) 368-0110
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