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VGTel dba 360 Entertainment & Productions to Acquire Nationwide Distribution Agreement from Western Capital Ventures, Inc. as Entry into Internet Sweepstakes Arena

 

NEW YORK, March 13, 2012 /PRNewswire/ -- VGTel dba 360 Entertainment & Productions (OTCQB: VGTL) (OTCBB: VGTL) today announced it has signed a definitive agreement with Western Capital Ventures, Inc. (WCV) to purchase its nationwide Distribution Agreement for the distribution of Internet Kiosks - arcade style sweepstakes gaming systems, software and hardware units - manufactured by Visual Entertainment Systems, LLC (VES). The Company has also signed a definitive agreement with VES for the purchase of its first group of kiosks featuring arcade style sweepstakes gaming systems.

"After researching various kiosk manufacturers around the country, we chose to work with Visual Entertainment Systems, based on the reliability and efficiency in which their advanced proprietary hardware runs their kiosks, as well as their ability to provide the newest and most exciting games available," said Peter Shafran, CEO of 360. WCV's Distribution Agreement includes a list of 1000 identified locations, and vendors, for immediate installation in bars, restaurants, entertainment centers, convenience stores and other high traffic areas. "The machines will be installed just as fast as VES can build them," added Shafran.

The internet sweepstakes kiosk looks like an arcade video game machine or a free-standing ATM. These machines are built with a Forged Steel custom-built security case, 22" HD widescreen touch-screen, card reader system, proprietary internal hardware components, premier gaming software, and a complete point of sale system. They have the look and feel of slot machines and other casino gaming devices.

Customers buy internet access time on the kiosk time to surf the Internet for a set time. They are then given FREE entries into a "sweepstakes" game. They can then reveal the sweepstakes entries on the kiosk, which shows the sweepstakes results by simulating casino-style games.

Visual Entertainment Systems, LLC (VES), based in Brook Park, Ohio, has been committed to developing the best custom hardware, gaming software, and kiosk design that has revolutionized the world of Internet kiosks. Combining these advances with exceptional customer service and 24/7 real-time monitoring, Visual Entertainment Systems distances itself from the pack.

About 360 Entertainment & Productions

360 Entertainment & Productions is devoted to creating a multi-platform entertainment and media company offering content, production, distribution and programming, along with products and vehicles for financing tax credits and other products tailored to the entertainment industry. Our business outlook is based on a strategy of growing and building business units through investments and acquisitions.

For further information go to the Company's website, www.360entertainmentandproductions.com

SAFE HARBOR PROVISION

Matters discussed in this press release may constitute forward-looking statements. These include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, other than statements of historical facts.

The Company is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements which are based upon assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, they are subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

CONTACT:

VGTel, Inc. dba 360 Entertainment & Productions

 

Phone (360) 8-360-ENT

 

info@360entertainmentandproductions.com

SOURCE VGTel, Inc. dba 360 Entertainment & Productions

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RELATED LINKS
http://www.360entertainmentandproductions.com

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