VGTel, Inc. (OTCPK:VGTL) acquired certain media assets of Mike the Pike Productions, Inc. for $0.4 million on March 5, 2019. As part of the transaction, VGTel has issued a senior secured convertible and redeemable promissory note to Mike the Pike Productions for $0.4 million, bearing an interest rate of 8% per annum and due 2 years from the date of issuance as consideration for the acquisition. VGTel Board has approved new management to include Mark B. Newbauer as Chairman and Chief Executive Officer for VGTel. The transaction has been authorized by Board of Mike The Pike Productions. VGTel, Inc. (OTCPK:VGTL) completed the acquisition of certain media assets of Mike the Pike Productions, Inc. (OTC:MIKP) on March 5, 2019.