VGTEL INC LOS ANGELES, March 27, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- VGTel, Inc.’s (OTC:VGTL) (“VGTL” or the “Company”) wholly owned subsidiary, Mike The Pike Entertainment, an IP acquisition, development and production company, is pleased to announce that it has successfully completed negotiations to secure the rights to Roger Zelazny’s groundbreaking sci-fi/fantasy epic, Hugo Award winning ‘Lord of Light’.
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Synopsis: On a colony planet in which reincarnation has become retail, a brilliant hermit finds himself at the helm of a revolution when he returns to society to obtain a new, younger body and discovers his former colleagues have used the same technology to fashion themselves as gods while keeping society in the dark ages.
Outside of its place in sci-fi/fantasy literature, a previously planned adaptation played a key role in the “Canadian Caper” known to most as the rescue operation featured in the film ‘Argo’. (Read more about Lord of Light and its fascinating connection to Argo here: Lord of Light and the CIA)
The book has been lauded for decades by critics and fans alike and is a noted favorite of some of today’s most influential creators. Neil Gaiman (American Gods, Coraline, Neverwhere) calls it one of his favorite books and a great influence in his work. George R.R. Martin cites it as an influence for Game of Thrones. The author was friends with Zelazny and names his GoT fire god the “Lord of Light” in homage to the novel.
Producer and Mike the Pike founder Mark B. Newbauer, who also currently serves as interim CEO for VGTL, negotiated the deal on behalf of Mike The Pike Entertainment with Barry Ira Geller on behalf of Barry Ira Geller Productions.
Further details are forthcoming upon execution of the Purchase Option which is to be consummated on or before March 31st.
As well, in response to recent shareholder inquiries, there are no plans for a reverse split in the forseeable future.
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.
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CEO LETTER TO SHAREHOLDERS 3/6/19: https://tinyurl.com/y5sznbdf
About Mike The Pike Entertainment
Mike the Pike Entertainment is an IP Acquisitions and Development company with a focus that includes Feature Films, Television, New Media and Graphic Novels.
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About Barry Ira Geller: Poet, Producer Patent holder, Qabalist Read More about Barry at http://barryirageller.com
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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/eecc0f97-58da-49d6-a645-e6604a799281
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