VGTel Inc (VGTL)

[Shaz]

Appreciate the link and was a great read...really enjoyed this part.

Material transactions in regards to share structure include:

May 23, 2012- Nearly 50%Reduction of Authorized Shares from 5b to 2.586b

June 11, 2012- Reduction of Outstanding Shares by 150,000,000 from 2.586b to 2.436b

June 18, 2012- Reduction of Outstanding Shares by 60,000,000 from 2.436b to 2.376b

June 21, 2012- Reduction of Outstanding Shares by 53,000,000 from 2.376b to 2.323b

June 29, 2012- Reduction of Outstanding Shares by 74,683,347 from 2.323b to 2.249b

June 29, 2012- Reduction of Authorized Shares by 337,683,347 from 2.586b to 2.249b

July 17, 2012 - Reduction in Outstanding Shares by 103,000,000 Shares

The company reduced more than 50% of its Authorized Shares and over 13.5% of its Outstanding Shares in Q2 with plans for continued added value therein.

Material transactions in regards to reduction of debt/liabilities include:

June 1, 2012- Reduction of Current Liabilities by $190,000

June 7, 2012- Reduction of Long-Term Liabilities by $236,834

June 15, 2012- Reduction of Long-Term Liabilities by $104,000

July 10, 2012- Reduction of Long-Term Liabilities by $142,077

July 30, 2012 - Reduction of Long-Term Liabilities by $245,000

Total reduction of debt and long-term liabilities since Q1 = $917,911 resulting in the lowering of debt/liabilities in total from $1,582,953 to $665,042 with continued plans to reduce debt and build assets through 2012.