NanoTech Entertainment (NTEK) Announces European Gaming Partner Electrocoin to Represent NanoTech in the UK and Europe
LAS VEGAS, Nev., March 20, 2013 /PRNewswire/ -- NANOTECH ENTERTAINMENT (OTCPINK: NTEK) today announced from the Amusement Expo 2013 that it has reached an exclusive agreement with London based Electrocoin Sales LTD to manufacture, sell and distribute its line of coin-op and gaming products. With many new products and technologies destined for the gaming market, NanoTech CEO Jeffrey A. Foley stated, "We are thrilled to be working with one of the most prestigious names in the European amusement business."
NanoTech will debut its upcoming Jumper and Masher games to the European market at the Electrocoin Park Avenue Open Day event in London in June 2013. The Park Avenue Open Day events have been long filled with surprise announcements and releases by Electrocoin. John Stergides, Managing Director of Electrocoin, commented, "NanoTech has very interesting technology and ideas, and we are looking forward to working together to build unique products that are optimized for the UK and European market. We have enjoyed success in the past with members of NanoTech team and we are pleased to be working together again."
NanoTech will create specialized versions of its video redemption products that will be centered around the Skill with Prize market in the UK. These games feature the ability to pay out prizes in cash or items based on the skill of the player. Foley continued, "By creating unique SWP machines we anticipate an increase in revenue of over $1M to our original sales forecast as we had not included this potential market in our original plans for 2013." Foley closed by stating, "We are very excited to work with Electrocoin, who has been a market leader in the European coin industry since the mid 70's. John has invaluable knowledge not only about the market, but also about gameplay and the tuning of coin-operated products. We are excited to not only offer our technology to Electrocoin, but to also work together in developing new products that are earmarked for their specific market needs."
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SOURCE NanoTech Entertainment