Subject: VGTL LOI to Acquire Proven Restaurant and Nightclub in Dallas with National Expansion Plans

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VGTL LOI to Acquire Proven Restaurant and Nightclub in Dallas with National Expansion Plans
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Company: VGTel, Inc. (Pink Sheets: VGTL)


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VGTel, Inc. Executes Letter of Intent to Acquire Dallas, TX Based Entertainment Venue, Don’t Tell Supper Club

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.”

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