LAS VEGAS, Jan. 29, 2013 /PRNewswire/ -- NANOTECH ENTERTAINMENT (PINKSHEETS: NTEK) today announced Alan D. Stone has joined the Board of Directors of NanoTech Entertainment and the advisory board of the NanoTech Gaming Labs division.
Alan D. Stone has served as President and CEO at Sega Enterprises, Inc., a world leading video game and entertainment company, from 1994 to 2004. During part of that time, he was also Founding President of Sega GameWorks, a state of the art location-based entertainment company. Prior to Sega, Stone served as Vice President, Sales and Marketing, for Nintendo of America, Inc., a world renowned video game company that he co-founded in 1981. Stone attended the University of California, Berkeley for his undergraduate work and earned an MBA degree in finance and economics at the University of Washington, Seattle.
"We are delighted that Al has agreed to become a director at NanoTech," said Jeffrey A. Foley, chairman and CEO. "Al brings years of experience that will be beneficial to NanoTech as we execute our strategic plan and begin to deliver our products to the market. Al's experience at the highest levels of consumer and international business, and tremendous success record in the gaming market will provide invaluable guidance and contacts as we strive to increase value for our shareholders."
"Al has one of the most successful track records in the gaming industry and great experience in bringing products to market. In 1981 he co-founded Nintendo of America, bringing some of the biggest hits in the arcade industry to America," continued Foley. "He served with Nintendo for 13 years. He then moved to another gaming giant, Sega Entertainment, where he served as President and CEO, and was responsible for some of the most popular games ever released."
"I'm excited to be a part of the NanoTech team where I can share my experience in running multinational game companies can be put to good use," said Stone. "I'm also excited that NanoTech has a well-rounded approach and I see a lot of synergy between the gaming, media and mobile divisions. The NanoTech technology is state of the art and I feel that we will be able to make great strides as the new products are rolled out in the coming months."
About NanoTech Entertainment
Headquartered in Las Vegas, NV, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With three business units, focusing on Gaming, Media & IPTV and Mobile Apps, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy. NanoTech Media develops proprietary technology which it licenses to publishers for use in their products as well as creating and publishing unique content. NanoTech Communications develops and sells proprietary apps and technology in the Mobile and Consumer space. NanoTech is redefining the role of developers and manufacturers in the global market. More information about NanoTech Entertainment and its products can be found on the web at www.NanoTechEnt.com.
NanoTech Entertainment (PINKSHEETS: NTEK) trades on OTC Pink, the open marketplace for a wide spectrum of equity securities. Investors can find real-time quotes and market information at www.otcmarkets.com.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
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Contact: Denise Clifford
Phone: (702) 518-7410
SOURCE NanoTech Entertainment