VGTel, Inc. (OTCBB:VGTL) announces completing the share exchange with Venture Industries, Inc., acquiring 100% of the outstanding shares of Venture Industries for 17,698,571 shares of VGTel. The new company will focus on social, video and mobile media technology.

Larry Harris, President of VGTel, Inc. said, “We are pleased to announce the completion of this share exchange and are planning to change the name of the company soon. We believe there are many interesting opportunities emerging in our space and we are eager to pursue them."

About VGTel, Inc.

VGTel, Inc. is a media technology company providing personal media services and applications for use in social media and mobile communication platforms.

Forward Looking Statement

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance and achievement. These risks and uncertainties are described in the VGTel, Inc. filings with the Securities and Exchange Commission including the report on Form 8-K filed today. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

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