NanoTech Entertainment (NTEK) Releases Letter To Shareholders
New CEO is Bullish on Company's Future
LAS VEGAS, July 18, 2012 /PRNewswire/ -- NANOTECH ENTERTAINMENT (PINKSHEETS: NTEK) would like to take this opportunity to update shareholders about recent announcements and our exciting upcoming plans for expansion and growth. In an open letter to shareholders, recently appointed Chairman and CEO Jeffrey A. Foley gave the following information about NanoTech.
In the past four months, NanoTech Entertainment has undertaken a significant and successful restructuring of the company in an effort to increase its business and expand its offerings of services and product lines. In doing so, the company expects to meet or exceed current revenue projections. We are very pleased to announce that we have made significant progress establishing business and strategic relationships with industry leading organizations. NanoTech was founded with the goal of providing innovative gaming technology and that fundamental principle still applies. Our goal for the coming year is to create a diverse portfolio of technology and assets, with a focus on the biggest revenue and growth markets in the entertainment sector. This will be achieved by a combination of strategic partnerships and M&A work that started last year. Shareholders can expect to see several major announcements in the following weeks and months in support of these programs.
A significant result of our efforts will be of great benefit to our loyal shareholders and investors as the company will focus on improved investor relations with increased transparency. NanoTech recently announced that it had been upgraded by OTC Markets to "OTC Pink Current Information". By meeting the OTC Markets guidelines for providing current information the company is now listed on the highest classification for Pink Sheets companies.
Management is dedicated to growth through developing quality and innovative products and services. NanoTech will focus on product releases and getting to market with the various exciting products that have already been developed, and continue developing new world class products. We are confident we are on a successful business path that will greatly reward our shareholders and serve notice to the industry that we are innovators and force in the entertainment, mobile application and gaming technology industries.
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.
"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.
SOURCE NanoTech Entertainment
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