VGTel, Inc. (OTCBB: VGTL) and Venture Industries, Inc. announced today that Venture Industries, Inc. intends to purchase MeCoupons from leading mobile consultant David Dillard. VGTel recently signed a definitive agreement to merge with Venture Industries. The Company expects Venture Industries and MeCoupons to use cloud based and device agnostic technology to develop advanced mobile couponing apps. Consumers can then redeem digital offers anywhere anytime at point-of-sale via mobile devices or value cards. “We continue to move forward with our plans to evolve VGTel into a media technology company providing personal media services and applications for use in social media and mobile communications platforms. It is essential that we build or purchase technology that can enable brands to deliver true value to consumers anywhere, anytime. The MeCoupons purchase marks a significant first step toward achieving our goals and is a key component of our cross-platform strategy as it will enable us to deliver personalized offers based on consumer preference,” said VGTel President Larry Harris, who was previously the CEO of Ansible Mobile, a joint venture between Interpublic Group and Velti. In addition to purchasing MeCoupons, VGTel is continuing to look for opportunities to strengthen its mobile and social capabilities. The power of mobile to actively engage consumers via data, voice and sound is driving innovation industry-wide and creating opportunities for companies like VGTel to develop new and compelling offers that enhance connections between consumers, content and brands. Mr. Harris added, “Mobile, along with social, video and commerce will continue to be key areas of focus as we move forward. We will look to build, buy or grow these capabilities rapidly.” VGTel noted that the deal should be completed before the end of the second quarter. About VGTel, Inc. and Venture Industries, Inc. VGTel, Inc., and Venture Industries, Inc. are media technology companies providing personal media services and applications for use in social media and mobile communication platforms.
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