RICHARDSON, Texas, Sept. 12, 2018 (GLOBE NEWSWIRE) -- VGTel, Inc. (OTC: VGTL) (the “Company”) is pleased to announce that it has entered into a Letter of Intent to acquire 100% of the ownership interests of Don’t Tell Supper Club, LLC, a Dallas, TX based entertainment venue that includes the hottest and newest nightlife concept, Don’t Tell Supper Club.
Founded by Dallas nightlife industry veteran Avi Adri, Don’t Tell Supper Club is a unique sensory experience featuring a 5-star restaurant and bar, as well as a nightclub featuring live entertainment and performances and concluding each night with a Las Vegas like nightclub setting. Don’t Tell Supper Club has become an iconic venue in the Dallas market and the concept has achieved great success since opening its doors in July of 2017 achieving gross sales of nearly $3 million USD in its first year of operation.
Voted “#1 Hottest New Restaurant” by The Zagat Survey, who commented on Don’t Tell Supper Club stating, “The supper club concept makes a dramatic return to Downtown (Dallas) with gourmet, shareable eats, wildly creative cocktails, beer and bubbly served in one of several spaces within the massive 10,000-square-foot two-story space with original brick walls and touches of whimsy throughout.”
“We are very excited about the opportunity to acquire such an exciting business with great potential,” says Neil Fogel, Director and CFO of VGTel, Inc. “This growth opportunity not only meets our criteria in our expected diversified business model, but also add potential revenues and instant value to our shareholders.”
“I have been very fortunate to have been in the Dallas nightlife industry at a very early age successfully establishing well-known and admired bar, restaurant and nightclub concepts within the Dallas, TX market and abroad” comments Avi Adri, Don’t Tell Supper Club’s founder and visionary. “In establishing the unique concept for Don’t Tell, we wanted to create an experience like no other, an environment where patrons can come and eat be entertained and remain with us throughout the night as the venue transforms itself into a Vegas like nightclub as the night rolls on. This is why our mantra is Eat…Stay…Play,” further comments Mr. Adri. We firmly believe we will be able to grow rapidly as being a part of VGTel, Inc. while at the same time adding value to the Company and its shareholders.”
VGTel, Inc. has identified a uniqueness in the Don’t Tell Supper Club concept and intends to utilize this acquisition as a platform to pursue additional Don’t Tell Supper Clubs across the US and abroad over the next several years.
Click on the following YouTube link to taste a little of the Don’t Tell Supper Club experience: https://youtu.be/IY6Z_nJ6VWM
Don’t Tell Supper Club is open Thursday – Sunday and is prominently located in Downtown Dallas, TX at 2026 Commerce Street. Visit www.DontTellSupperClub.com to learn more and for more information.
About VGTel, Inc.
VGTel, Inc., was a multi-platform company seeking to offer products and support in the entertainment industry, with a focus on a strategy of growing and building business units through investments and acquisitions and with an emphasis on capitalizing on the increasing demand for ultra-high definition (UHD) or 4K content.
Currently, the Company is pursuing broader areas of entertainment, including but not limited to hospitality, nightlife, restaurants, digital media, branding and marketing, and talent acquisition and management with a principal business objective for the next 12 months and beyond to achieve long-term growth potential through starting up a new business and/or a combination with an existing business. Stay current and socialize with us at Facebook Twitter and Instagram.
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
http://vgtelinc.com/investor-relations
Investor Relations Contact:
Stuart Smith
512-267-2430
SmallCapVoice.com
ssmith@smallcapvoice.com