Replies to post #2206 on Velatel Global Comm. (fka VELA)

[LongTimeObserver]

This was an 8-K/A pertaining to a previously disclosed "Chairman's Letter" outlining plans for 2012. The pertinent item is as follows:

Item 8.01 Other Events

On February 28, 2012, the Company published on its website, at www.velatel.com , a letter from its Chief Executive Officer explaining the events disclosed in this Form 8-K, along with the reasons for the occurrence of those events. On March 2, 2012, the Company revised the letter published on its website to remove the following sentence in the second paragraph of the letter:

We have received SEC approval of our Preliminary Information Statement and will be mailing notice of our increase in the number of our shares to shareholders of record.

It was an incorrect to state that the Company “received SEC approval.”

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Further, it appears that none of the items to be accomplished in March 2012 (and possibly February 2012) were actually accomplished:

Summarized below and on the accompanying graphics timeline are the major milestones we expect to achieve during 2012. The approximate target dates and sequence of those milestones (our lawyers insist that I include a standard safe harbor disclaimer at the end of this letter, as these estimates are “forward looking”) are as follows:

February
?
China’s Ministry of Industry and Information Technology grants approval of VN Tech’s hydrogen fuel cells for use in telecommunications base stations.

March
? Close the Croatia/Montenegro acquisition.

? Finalize ZTE contracts for all equipment and services for Croatia and Montenegro as well as for Serbia.

?
Finalize ZTE’s requirements for financing equipment for the Sino Crossings fiber project and place the equipment order.

?
Finalize the wholly foreign owned enterprise (WFOE) that will act as the operating company for the New Generation Special Network (NGSN) transaction.

?
Finalize the service agreement between our existing WFOE and Aerostrong for the China Aerospace (CASC) transaction.

?
China Mobile and China Telecom approve VN Tech to conduct trial test sites in Heilongjiang/Harbin (China Mobile), Guangzhou and Beijing (China Telecom).

?
File the 2011 10-K annual report.