SAN DIEGO, CA–(May 15, 2012) – VelaTel Global Communications (OTCQB: VELA), www.velatel.com, a leader in deploying and operating wireless broadband and telecommunication networks worldwide, today announced it has finalized its financing contracts with ZTE to increase its equipment and software order to deploy and expand wireless networks in Montenegro and Croatia. The announcement follows VelaTel’s successful closing of its acquisition of Herlong Investments Limited and its operating subsidiaries, Novi-Net and Montenegro Connect, which allows VelaTel to report the financial results of these subsidiaries on its consolidated financial statements.

“VelaTel will raise the bar again for mobile broadband services by providing networks with greater speeds and capacity than any other network in those regions,” said George Alvarez, VelaTel’s Chairman and CEO. “Our leadership in launching wireless broadband networks will soon benefit the citizens of Croatia and Montenegro, as well as our shareholders.”

The signed contracts with ZTE includes improved pricing compared to an earlier preliminary order that covered only a portion of the total equipment required, based on now completed engineering. The revised orders will now deliver all the necessary equipment and software for Phase 1 deployments of both networks.

“This is another example that demonstrates the importance of our ZTE relationship,” commented Colin Tay, President of VelaTel. “We are able to leverage our exclusive financing packages in order to dramatically minimize our costs, while having access to the industry’s most compelling and advanced equipment.  Although the price negotiations for the final engineered order took longer than expected, the cost savings more than justified the extra time.”

The 1,800 subscriber existing network base in Croatia (Novi-Net) covers the city of Cakovec and its surrounding area (population 25,000), and will not be expanded during Phase 1 of VelaTel’s deployment.  Instead, VelaTel will target densely populated areas, including the capital city of Zagreb with a population of over 1 million, where potential business and government customers are concentrated.  Simultaneously, VelaTel will be deploying a wireless broadband network in Montenegro (“Montenegro Connect”), which is a “greenfield” operation. Phase 1 will similarly focus on urban areas, including the capital city of Podgorica (population 150,000), and the commercial and government customers concentrated in those urban areas.

“With these critical contracts now in place, we can focus on the expansion of our network, which is needed to satisfy the enormous appetites of our wireless subscribers”, said Novi-Net’s Founder and CEO Karlo Vlah.  “We are very excited to be working with VelaTel and begin seeing our subscriber numbers increase exponentially.”

About VelaTel Global Communications, Inc.

VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People’s Republic of China, Peru, Croatia and Montenegro. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel’s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

Safe Harbor

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

VelaTel Contacts:

Tim Matula

Investor Relations

(Toll Free) 1-877-260-9170

investors@velatel.com

SAN DIEGO, CA–(April 26, 2012) – VelaTel Global Communications (OTCQB: VELA), www.velatel.com, a leader in deploying and operating wireless broadband and telecommunication networks worldwide, is pleased to announce several key milestones related to VN Technologies (VN Tech), its hydrogen fuel cell green energy division in China. China’s Ministry of Industry and Information Technology has granted approval of VN Tech’s hydrogen fuel cells for use in telecommunications base transceiver stations (BTS).

As of March 2012, both China Mobile and China Telecom began third-party trial testing with VN Tech’s hydrogen fuel cells paired with their BTS on several test sites to determine functionality and dependability of the devices to provide back up power under extreme climate conditions.  The test hydrogen fuel cells have been successfully installed and have passed a variety of test criteria so far, including durability, longevity, and reliability tests. Everything is on track for completion of the trials by June 2012 in accordance with VelaTel’s previously announced projected timeline. These test trials are significant, as they will pave the way for future sales of hydrogen fuel cell systems to Chinese telecommunications carriers, including VelaTel’s own joint venture projects. Proving the model in China is expected to lead to sales to other telecommunications carriers worldwide.

George Alvarez, CEO of VelaTel, said, “We strongly believe the market for hydrogen fuel cells is a multi-million dollar proposition. For example, in China alone there are estimated to be more than 1 million BTS requiring back up power, with over 100,000 additional BTS projected to come on line each year. By leveraging VelaTel’s relationships and networks, we expect that VN Tech will capture a significant share of this enormous market.  Accordingly, increasing our stake in VN Tech from 51% to 75% was a no-brainer, and enables us to consolidate more revenue on VelaTel’s books.”

CO-Founder of ZTE and Chairman of VN Tech, Luo Hongye, added, “During my days at ZTE it had become apparent that green energy was one of the next big opportunities for growing revenue and cutting costs.  This was the reason I started VN Tech, and why we’re so excited about delivering our fuel cell systems to the entire telecommunications industry.”

Additional updates will be released when the trial tests are completed, at which time marketing materials and videos will be available on VelaTel’s website.

About VelaTel Global Communications, Inc.

VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People’s Republic of China, Peru, Croatia and Montenegro. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel’s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

Safe Harbor

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

VelaTel Contact for Retail Investors:

Tim Matula

Investor Relations

(Toll Free) 1-877-260-9170

investors@velatel.com

SAN DIEGO, CA–(April 24, 2012) – VelaTel Global Communications (OTCQB: VELA), www.velatel.com, a leader in deploying and operating wireless broadband and telecommunication networks worldwide, today announced it has entered into an Amended and Restated Subscription and Stockholder Agreement to acquire a 75% equity interest in Shenzhen VN Technologies Co., Ltd., a limited liability company in the Peoples Republic of China.  VN Tech is a leading distributor of hydrogen fuel cells that satisfy the telecommunication industry standard to provide back-up power to operate data centers and remotely located infrastructure equipment during periods where primary electrical transmission is interrupted for any reason.  Under the original agreement entered into just over one year ago, upon completion of forming corporate entities, VelaTel was to acquire 51% in the venture in exchange for five million of its publicly traded shares.  VelaTel will now pay ten million shares to increase its stake to 75%.

Under the amended agreement, VN Tech PRC will become a wholly owned subsidiary of a Hong Kong company, VN Tech Investments, Ltd. (HK).  VN Tech HK will in turn become a wholly owned subsidiary of a Cayman Island holding company, VN Tech Investments, Ltd. (Cayman).  This corporate structure facilitates any foreign investment into VN Tech PRC, as well as the future ability to publicly list the venture on an offshore stock exchange such as Hong Kong.  The transaction has been structured to allow VelaTel to report the results of the venture’s operations on its consolidated financial statements in the same manner as its other subsidiaries.  The transaction is considered fully completed, with exchange of shares and appointment of directors and officers to the holding companies to follow as expeditiously as possible.

VelaTel’s President, Colin Tay, remarked:  “VelaTel recognizes the enormous potential of hydrogen fuel cell technology.  So do major telecommunications carriers like China Mobile and China Unicom, who in February commissioned VN Tech to conduct field trials that are now in progress.  VelaTel’s increased equity stake in VN Tech provides the platform for us to generate new revenue sources from third parties, and also to apply that technology to our own projects.”

About VelaTel Global Communications, Inc.

VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People’s Republic of China, Peru, Croatia and Montenegro. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel’s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

Safe Harbor

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

VelaTel Contact:

Tim Matula

Investor Relations

(Toll Free) 1-877-260-9170

investors@velatel.com

SAN DIEGO, CA–(April 5, 2012) – VelaTel Global Communications (OTCQB: VELA), www.velatel.com, a leader in deploying and operating wireless broadband and telecommunication networks worldwide, is pleased to announce that it has signed and closed a stock purchase agreement to acquire a 75% equity interest in Zapna, ApS, in exchange for 6,000,000 shares of VelaTel’s stock.  Zapna is a Denmark corporation that provides telecommunications solutions and services including SIM overlay cards and mobile applications to reduce long distance and roaming charges of retail and corporate users. Zapna also provides a full white label platform service for carrier partners, including voice and SMS terminations.

Zapna is currently providing services in several European countries (Sweden, Finland and Spain). Many of Zapna’s existing solutions for telephony services are well suited to VoIP and other data services provided by VelaTel and other broadband operators. Zapna’s 2011 revenues exceeded $1 million with approximately $110,000 positive EBITDA.  Based on additional contracts already in hand, Zapna expects substantial increased revenue during 2012, even before taking into account expected synergies based on providing services to VelaTel’s other operating subsidiaries and projects.  Zapna currently has 11 employees with headquarters in Denmark and a development team in Pakistan.  VelaTel’s President, Colin Tay, observed: “We are very pleased to make Zapna part of the VelaTel team.  Zapna has innovative solutions and strategic relationships that will provide many synergies with VelaTel’s current and planned operations.” Zapna´s Founder, Omair Khan, added: “Being part of the VelaTel family will give Zapna a huge opportunity to expand the business worldwide, and to be part of a successful team.”

About VelaTel Global Communications, Inc.

VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People’s Republic of China and Peru. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel’s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

Safe Harbor

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

VelaTel Contacts for Retail Investors:

Tim Matula

Investor Relations

(Toll Free) 1-877-260-9170

investors@velatel.com

SAN DIEGO, CA–(April 4, 2012) – VelaTel Global Communications (OTCQB: VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, is pleased to announce that it has finalized the formation of two new corporate entities – NGSN Communications Network Co., Ltd. a Cayman Islands corporation (“NGSN Cayman”), as well as NGSN Communications Network (HK) Co., Ltd., a Hong Kong corporation (“NGSN HK”).  With the corporate formations now complete, VelaTel will deposit funds into an NGSN HK bank account to fulfill its contractual obligations.  The creation of these entities and payment of this deposit will enable the joint venture to start the business with office lease, hiring, project design and to secure equipment financing in Hong Kong.  While waiting for manufacture and deployment of this equipment, VelaTel will begin providing services to NGSN through its existing wholly foreign owned enterprise (WFOE), Beijing Yunji Communications Technical Services Company, pending completion of the formation of a WFOE as a subsidiary to NGSN HK.

About VelaTel Global Communications, Inc.

VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People’s Republic of China and Peru. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel’s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

 Safe Harbor

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

VelaTel Contacts for Retail Investors:

 Tim Matula

Investor Relations

(Toll Free) 1-877-260-9170

investors@velatel.com

SAN DIEGO, CA–(April 3, 2012) – VelaTel Global Communications (OTCQB: VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, today announced that Azur Capital (NBD) SDN BHD, VelaTel’s joint venture partner in its Sino Crossings project to light up and monetize 34,000 km of fiber optic cable in the Peoples’ Republic of China, has obtained the legal opinion ZTE Corporation requires to conclude its due diligence to approve equipment financing for the Sino Crossings project. The legal opinion is under review by ZTE.  VelaTel has completed engineering required to identify the scope and specifications of equipment needed, and expects to conclude a contract with ZTE as soon as financing approval is obtained.  VelaTel will utilize the fiber network to provide national transport for its wireless broadband access networks in China, including its exclusive services agreements with New Generation Special Network Communication Technology Company (NGSN) and Aerostrong Limited, a subsidiary of China Aerospace Science and Technology Group.

About VelaTel Global Communications, Inc.

VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People’s Republic of China and Peru. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel’s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

 Safe Harbor

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

 VelaTel Contacts for Retail Investors:

 Tim Matula

Investor Relations

(Toll Free) 1-877-260-9170

investors@velatel.com

SAN DIEGO, CA–(April 2, 2012) – VelaTel Global Communications (OTCQB: VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, is pleased to announce that it has reached a major milestone by closing its acquisition of Herlong Investments Limited and its operating subsidiaries, Novi-Net and Montenegro Connect. The acquisition provides VelaTel a low cost entry into the geographic center of the Balkan countries and leads to other opportunities in the region. VelaTel is on track with its projected timeline to begin deployment of both networks during Q2 2012.

VelaTel closed the acquisition by paying 500,000 Euros along with credit for $1,000,000 of equipment down payment deposit VelaTel has made to its preferred equipment vendor ZTE Corporation.  The closing proceeds will be used for deployment and expansion of Novi-Net’s and Montenegro Connects’ wireless broadband networks.  Closing this acquisition allows VelaTel to report the financial results of these subsidiaries on its consolidated financial statements, including more than $1,000,000 existing annualized revenue of Novi-Net.

Novi-Net holds a nationwide license for 42 MHz in the 3.5 GHz bandwidth to provide wireless broadband access (WBA) in the Republic of Croatia. Novi-Net currently owns a data center, a network core and 11 base transceiver stations (BTS) that provide WBA and its related services to more than 1,500 existing subscribers in five counties in northern Croatia. VelaTel’s planned expansion of this network will include Croatia’s capital city Zagreb and its 1,000,000 population.

Montenegro Connect also holds a 42 MHz nationwide license in the 3.5 GHz bandwidth in Montenegro. Montenegro’s year round population stands at 666,000, but it enjoys over 1 million affluent tourist visitors per year. Montenegro Connect is currently a “greenfield” operation with two BTS installed for testing purposes.  VelaTel’s Phase 1 deployment of this network will include Montenegro’s capital city Podgorica and its 150,000 inhabitants.

VelaTel is in the final stages of negotiation with ZTE for the balance of equipment and services associated with the first phase of deployment.

About VelaTel Global Communications, Inc.

VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People’s Republic of China and Peru. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel’s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

Safe Harbor

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

Contacts:

Media/Analyst Relations
Core Insights 360 PR
Kimberley Brown
Public Relations
1-404-314-2900
kbrown@coreinsights360.com
or
Retail Investors
VelaTel Global Communications, Inc.
Tim Matula
Investor Relations
(Toll Free) 1-877-260-9170
investors@velatel.com

VelaTel’s global strategic partner, ZTE Corporation, has launched the world’s first 3.5GHz high-power TD-LTE distributed base station.

VelaTel CEO George Alvarez, “TD-LTE in 2.5GHz and 3.5GHz spectrum via our relationship with ZTE, China Mobile and the GTI Forum has been the focus of this company for the past 2 years. We are pleased that our decision to partner with ZTE and GTI has established a solid foundation for our growth and eliminated the negative consequences of having to replace equipment in our existing networks.”

READ MORE

About VelaTel Global Communications, Inc.

VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People’s Republic of China and Peru. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel’s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

Safe Harbor

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

Contacts:

Retail Investors
VelaTel Global Communications, Inc.
Tim Matula
Investor Relations
(Toll Free) 1-877-260-9170
investors@velatel.com

February 29, 2012

Dear Shareholders:

VelaTel is today announcing several events that secure the 2012 budget needs for our current projects. We have secured approximately $7.7 million of cash funding commitments under promissory notes from investors. Our U.S. based independent contractors (former employees) have agreed to accept up to 100% of their remaining 2012 compensation in the form of our stock, saving us approximately $4.3 million in cash over the course of the year. This allows us to devote more of the working capital we have raised towards launching and expanding our networks.

Ten days ago we started the process to increase the authorized shares of our public stock from one billion to two billion. The process will be complete in approximately three weeks, when we file a Certificate of Amendment to our Articles of Incorporation. We will use those shares, in combination with our cash financing commitments, to expand our networks and grow our subscriber base and revenue in accordance with our pro formas previously disclosed. We need to spend money on infrastructure in order to obtain those increased revenues. Fortunately, we are able to leverage a lot of equipment and services for relatively little money in down payment deposits, thanks to our favorable financing relationship with ZTE and our membership in the Global TD-LTE Initiative.

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.

April

• Close the Serbia acquisition.
• When NGSN and CASC obtain spectrum licenses, VelaTel places the equipment orders with ZTE for both projects.

May

• Equipment arrives for Croatia, Montenegro and Serbia and installation begins.
• File the 2012 Q1 10-Q quarterly report, which will include revenue from subscriber ramp up in Peru, as well as legacy revenue from the consolidation of Croatia’s existing operations (pro-rated as of the closing date of our acquisition).

June

• Continue installing equipment for Croatia, Montenegro and Serbia.
• Equipment arrives for Sino Crossings, begin installation.

July

• Complete installation for Croatia, Montenegro and Serbia and begin optimization and testing.
• Continue installation of Sino Crossings fiber equipment.
• Equipment arrives for NGSN and CASC projects and installation begins.
• Assuming successful trial tests, China Mobile and China Telecom place orders with VN Tech for hydrogen fuel cells.

August

• Complete optimization and testing of Croatia, Montenegro and Serbia network, open stores and launch marketing campaign.
• Complete installation of Sino Crossings fiber equipment, begin optimization and testing.
• Continue installation of NGSN and CASC equipment.
• Manufacture of hydrogen fuel cells to fill China Mobile and China Telecom orders.
• File the 2012 Q2 10-Q quarterly report, which will include revenue for continued ramp up of Peru operations, plus a full quarter of legacy revenue from consolidation of Croatia operations, and most or all of a full quarter for Serbia operations.

September

• Launch Croatia, Montenegro and Serbia networks.
• Complete optimization and testing of Sino Crossings fiber equipment.
• Complete installation of NGSN and CASC equipment and begin optimization and testing.
• Continue manufacture of hydrogen fuel cells to fill China Mobile and China Telecom orders.

October

• Launch Sino Crossings fiber network.
• Complete optimization and testing of NGSN and CASC network.
• Deliver hydrogen fuel cells to fill China Mobile and China Telecom orders.

November

• Launch NGSN and CASC networks.
• File 2012 Q3 10-Q quarterly report, which will include any revenue realized prior to end of Q3 (September 30) for new networks launched by then.

December

• Operate seven networks, Peru, Croatia, Montenegro, Serbia, Sino Crossings, NGSN and CASC.

Although we are confident we can deliver these projects within existing budgets and resources, we also expect to raise additional funds through a recapitalization of the company’s equity structure. Our primary focus during 2012 will be on expanding our networks by adding infrastructure and growing subscriber base in all markets. By meeting our targets, the enterprise value of the company, as reflected by the stock price, will take care of itself.

Sincerely,

VELATEL GLOBAL COMMUNICATIONS, INC.

George Alvarez
Chief Executive Officer

Safe Harbor Statement

This letter contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results. You should independently investigate and fully understand all risks before making an investment decision.