NanoTech Entertainment (NTEK) Expands Into Television Strategic Merger Expands Company's Product Line and Customer Base
LAS VEGAS, July 30, 2012 /PRNewswire/ -- NANOTECH ENTERTAINMENT (PINKSHEETS: NTEK) is pleased to announce it has entered into a strategic partnership to expand into the Television, Internet Protocol Television (IPTV), and Mobile Video markets. NanoTech Entertainment will be entering the market with its revolutionary new proprietary technology as well as distinctly fresh original content. NanoTech's customer base will explode as the viewing public will not rely just on satellite and cable providers, but instead utilize the internet and mobile networks to watch NanoTech's Video On Demand (VOD) content.
NanoTech has completed a partnership agreement with private investment firm FS Global Capital, for a stake in its private media company. CEO Jeffrey A. Foley noted "this partnership gives us exclusive rights to the most innovative proprietary IPTV technologies for new entertainment platforms including: Roku, Apple TV, and the latest crop of smart TVs from Samsung and LG." NanoTech's revolutionary technology leverages a unified code base requiring a channel only be coded once and can then be deployed on all of the above mentioned platforms. The system is expandable and is also compatible with a variety of handheld devices including the iPhone, iPad, Android phones and tablets, as well as web browsers on Windows, MAC OS and Linux.
"The Television division, NanoTech Media, will generate ongoing revenue streams from advertising on original TV shows, and subscriptions of On Demand and Pay-Per-View (PPV) content. Moreover, NanoTech will further develop and license this and other television technology to content providers helping to create the next generation of Television, Streaming Video and Video On Demand (VOD) applications. We will have technology and content for everything from your television to your mobile phone," specified Foley. "We anticipate several major announcements based on this acquisition as we release our original programming and form new strategic alliances. We are delighted to be uniquely positioned to provide our proprietary cloud based technology to other content providers from around the world. With the biggest technology companies in the world focusing on IPTV technologies, NanoTech Media is The Future of Television(sm)."
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.
The NanoTech Entertainment logo is a trademark of NanoTech Entertainment, Inc. All rights reserved. All other marks are the property of their respective owners. "The Future of Television" is a service mark of NanoTech Media Corporation, All Rights Reserved
Contact: Denise Clifford
Phone: (702) 518-7410
SOURCE NanoTech Entertainment