VelaTel’s CEO, George Alvarez, Hosts Conference Call for Investors February 6 at 2:30 PM PST

SAN DIEGO, CA–(Jan 24, 2012) – VelaTel Global Communications (OTCQB: VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, is pleased to announce that on February 6 at 2:30 pm Pacific time, VelaTel CEO George Alvarez will host a conference call to update shareholders and other interested parties on the operations of the Company.  Over the past several months, the Company has announced several acquisitions and exclusive service contracts, and has completed the commercial launch of its first 4G wireless broadband access network in Peru.  Mr. Alvarez will discuss in detail the operations of the Company and the outlook for each business division, including pro forma financial projections. To participate, call (408) 600-3600 and key in access code 668 989 398, or listen online and type real time questions via Cisco Webex (www.webex.com), using the following link: https://velatel.webex.com/velatel/onstage/g.php?t=a&d=668989398, password: vela.

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 Statement

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