|By Marketwired .||
|August 8, 2014 08:59 PM EDT||
NEW YORK, NY--(Marketwired - August 08, 2014) - VGTel, Inc. - 360entertainmentandproductions.com (OTCQB: VGTL) announced the launch of its wholly owned subsidiary Motion Picture Scanning Services (MPSS) in the moviemaker-friendly community of Austin, Texas. The launch of MPSS is part of a planned series of strategic moves to help solidify VGTel's position as an industry front-runner in the development and distribution of cinematic content for the 4K Ultra High Definition broadcast market.
The MPSS studio is a world-wide resource for digital scanning of theatrical content from its original film format. The studio is a specially equipped laboratory capable of scanning giant screen 65/70mm film to a digital format and is also equipped to apply the same ultra-high resolution technology to the more mainstream 35mm and 16mm film formats. A custom-built computer server farm then renders the newly scanned films into 4K Ultra High Definition.
"MPSS gives us immediate strategic advantages in the exploding demand for Ultra HD 4K content, notably reduced labor, refined post-production processes, and swifter mobilization and deployment," said Greg Wells, CEO of VGTel, a multi-tiered international entertainment and media enterprise that primarily develops, finances, produces and distributes 4K UHD movie and film content.
Wells went on to add, "Our ability to create, acquire and distribute 4K content makes us an immediate solution for broadcasters and movie studios with libraries of content that are looking to leverage their existing film assets."
About VGTel, Inc. - 360 EntertainmetAndProductions.com
VGTel, Inc., operating as 360 Entertainment and Productions, 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.
About Motion Picture Scanning Services, Inc.
Austin-based Motion Picture Scanning Services (MPSS) is a world-wide resource for the scanning of films from original analogue formats -- Big Screen 70/65mm, 35mm, or 16mm -- to 8K/4K Ultra High Definition.
For further information, go to www.motionpicturescanningservices.com.
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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 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: (800) 983-6218
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