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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(D) OF </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
<B>March 31, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VGTEL, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of registrant as specified in
its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; font-size: 10pt; text-align: center">New York</TD>
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center">000-52983</TD>
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center">01-0671426</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction of</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">incorporation)</P></TD>
    <TD STYLE="font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>400 Rella Blvd.&nbsp;&nbsp;Suite 174</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Suffern, NY 10901</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;(Address of principal executive offices)
(Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(360) 836-0368</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">N/A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Wingdings; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240-14d-2(b))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Wingdings; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry into Material Definitive Agreement<BR STYLE="mso-special-character: line-break">
<BR STYLE="mso-special-character: line-break">
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Effective March 28, 2012, VGTel, Inc. dba 360 Entertainment
&amp; Productions (the &ldquo;Company&rdquo;, &ldquo;we&rdquo;, &ldquo;us&rdquo;, &ldquo;our&rdquo;) entered into a definitive
agreement (the &ldquo;Purchase and Sale Agreement&rdquo;) with Visual Entertainment Systems, LLC (&ldquo;VES&rdquo;), whereby the
Company has agreed to acquire from VES Internet Sweepstakes Kiosks (&ldquo;Kiosks&rdquo;) for distribution in Ohio and other locations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the terms of the Purchase and Sale Agreement, we
have entered into an agreement to purchase one thousand (1000) &ldquo;NetStar Kiosks&rdquo; from VES and to distribute those Kiosks
under the terms and provisions of a certain distribution agreement between VES and Western Capital Ventures, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Effective March 6, 2012, VGTel, Inc. dba 360 Entertainment &amp;
Productions (the &ldquo;Company&rdquo;, &ldquo;we&rdquo;, &ldquo;us&rdquo;, &ldquo;our&rdquo;) entered into a definitive agreement
(the &ldquo;Acquisition Agreement&rdquo;) with Western Capital Ventures, Inc. (the &ldquo;Vendor&rdquo;), whereby the Company has
agreed to acquire from the Vendor an undivided one hundred percent (100%) interest in and to the Vendor&rsquo;s agreement (the
&ldquo;Distribution Agreement&rdquo;) with Visual Entertainment Systems, LLC (&ldquo;VES&rdquo;) for the distribution of Internet
Sweepstakes Kiosks (&ldquo;kiosks&rdquo;) manufactured by VES.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the terms of the Acquisition Agreement, and in consideration
of our acquisition of an undivided 100% interest in and to the Distribution Agreement, we have entered into an agreement (&ldquo;Independent
Contractor Agreement&rdquo;) with Anthony Gillaizeau, sole owner of all of the stock in Vendor, to perform the services set forth
in the terms of the Distribution Agreement, and we have agreed to pay Mr. Gillaizeau shares of our common stock and cash consideration
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">i. the sum of $500 per kiosk delivered and
installed by VES, and in operation, pursuant to the Distribution Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">ii. for each 100 kiosks installed and operating,
1% of the current Issued and Outstanding shares of the Company&rsquo;s common stock, up to a maximum of 10% of the current Issued
and Outstanding shares of the Company&rsquo;s common stock; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">iii. ten (10%) percent of the &ldquo;gross-net
profits&rdquo; of the installed and operating machines, after deducting the Company&rsquo;s administrative/overhead costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Exhibits:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse; margin-left: 0.6in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%">Exhibit 10-5</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 86%">Purchase and Sale Agreement with Visual Entertainment Systems, LLC dated March 28, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 10-6</TD>
    <TD>&nbsp;</TD>
    <TD>Letter of Intent with Western Capital Ventures, Inc. dated March 6, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 10-7</TD>
    <TD>&nbsp;</TD>
    <TD>Assignment of Distribution Agreement from Western Capital Ventures, Inc. dated March 6, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 10-8</TD>
    <TD>&nbsp;</TD>
    <TD>Consent to Assignment of Distribution Agreement from Western Capital Ventures, Inc. by Visual Entertainment Systems, LLC dated March 28, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 10-9</TD>
    <TD>&nbsp;</TD>
    <TD>Independent Contractor Agreement with Anthony Gillaizeau dated March 7, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 99-4</TD>
    <TD>&nbsp;</TD>
    <TD>Press Release</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 99-5</TD>
    <TD>&nbsp;</TD>
    <TD>Press Release</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">VGTEL, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:&nbsp; March 30, 2012</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Peter Shafran</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">Name:</TD>
    <TD STYLE="width: 39%">Peter Shafran</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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{"company-data": {"conformed-name": "VGTel, Inc.", "cik": "0001355451", "assigned-sic": "7389", "irs-number": "010671426", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52983", "film-number": "12734209"}, "business-address": {"street1": "400 RELLA BLVD.", "street2": "SUITE 174", "city": "SUFFERN", "state": "NY", "zip": "10901", "phone": "845-368-0110"}, "mail-address": {"street1": "400 RELLA BLVD.", "street2": "SUITE 174", "city": "SUFFERN", "state": "NY", "zip": "10901"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
March 31, 2012
VGTEL, INC.
(Exact Name of registrant as specified in
its Charter)
New York
000-52983
01-0671426
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification No.)
400 Rella Blvd.  Suite 174
Suffern, NY 10901
(Address of principal executive offices)
(Zip Code)
(360) 836-0368
(Registrant's telephone number, including
area code)
N/A
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions below:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240-14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))
Item 1.01 Entry into Material Definitive Agreement
Effective March 28, 2012, VGTel, Inc. dba 360 Entertainment
& Productions (the "Company", "we", "us", "our") entered into a definitive
agreement (the "Purchase and Sale Agreement") with Visual Entertainment Systems, LLC ("VES"), whereby the
Company has agreed to acquire from VES Internet Sweepstakes Kiosks ("Kiosks") for distribution in Ohio and other locations.
Pursuant to the terms of the Purchase and Sale Agreement, we
have entered into an agreement to purchase one thousand (1000) "NetStar Kiosks" from VES and to distribute those Kiosks
under the terms and provisions of a certain distribution agreement between VES and Western Capital Ventures, Inc.
Effective March 6, 2012, VGTel, Inc. dba 360 Entertainment &
Productions (the "Company", "we", "us", "our") entered into a definitive agreement
(the "Acquisition Agreement") with Western Capital Ventures, Inc. (the "Vendor"), whereby the Company has
agreed to acquire from the Vendor an undivided one hundred percent (100%) interest in and to the Vendor's agreement (the
"Distribution Agreement") with Visual Entertainment Systems, LLC ("VES") for the distribution of Internet
Sweepstakes Kiosks ("kiosks") manufactured by VES.
Pursuant to the terms of the Acquisition Agreement, and in consideration
of our acquisition of an undivided 100% interest in and to the Distribution Agreement, we have entered into an agreement ("Independent
Contractor Agreement") with Anthony Gillaizeau, sole owner of all of the stock in Vendor, to perform the services set forth
in the terms of the Distribution Agreement, and we have agreed to pay Mr. Gillaizeau shares of our common stock and cash consideration
as follows:
i. the sum of $500 per kiosk delivered and
installed by VES, and in operation, pursuant to the Distribution Agreement;
ii. for each 100 kiosks installed and operating,
1% of the current Issued and Outstanding shares of the Company's common stock, up to a maximum of 10% of the current Issued
and Outstanding shares of the Company's common stock; and
iii. ten (10%) percent of the "gross-net
profits" of the installed and operating machines, after deducting the Company's administrative/overhead costs.
Item 9.01 Exhibits:
Exhibit 10-5
Purchase and Sale Agreement with Visual Entertainment Systems, LLC dated March 28, 2012
Exhibit 10-6
Letter of Intent with Western Capital Ventures, Inc. dated March 6, 2012
Exhibit 10-7
Assignment of Distribution Agreement from Western Capital Ventures, Inc. dated March 6, 2012
Exhibit 10-8
Consent to Assignment of Distribution Agreement from Western Capital Ventures, Inc. by Visual Entertainment Systems, LLC dated March 28, 2012
Exhibit 10-9
Independent Contractor Agreement with Anthony Gillaizeau dated March 7, 2012
Exhibit 99-4
Press Release
Exhibit 99-5
Press Release
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VGTEL, INC.
Date:  March 30, 2012
By:
/s/ Peter Shafran
Name:
Peter Shafran
Title:
Chief Executive Officer