NANOTECH ISSUES A LETTER TO SHAREHOLDERS
18 7월 2013 - 6:10AM
OTC Markets
FOR IMMEDIATE RELEASE
Contact:
Christian Hansen
Phone:
(858)
381-4677
Email:
chhansen@nanotechent.com
NANOTECH ISSUES A
LETTER TO
SHAREHOLDERS
Discusses Clear
Memories Acquisition
San Jose, CA
? July 17, 2013 ?NanoTech
Entertainment (OTCPINK:
NTEK) CEO
addressed questions about the latest news.
?In early 2012
when I was approached to take over as CEO of NanoTech
Entertainment, my primary
concern was being able to invest the time and effort required in
order to make
such a commitment. To
that end, we
negotiated a deal whereby Clear Memories would be acquired by
NanoTech as part
of my joining, and we would be able to replace my responsibilities
at Clear
Memories assuring that the transaction would not negatively impact
either
company. The
acquisition is a straight
stock for stock exchange requiring no cash outlay while bringing
positive cash
flow to the bottom line of NanoTech.
Clear Memories
was started in my garage, and through the use the proprietary
technology that
we created, we have built the business into the premiere provider
in the San
Francisco Bay Area.
Clear Memories is a
profitable, stand-alone business unit that brings value to the
shareholders by
increasing both cash flow and profits while taking no
additional
resources. In addition,
the business can
grow and take advantage of shared resources already in place with
NanoTech, giving
the ability for further growth and increased profits.
NanoTech is a
diverse entertainment company made up of multiple business units
all based on
technology. Clear
Memories is the market
leader in using technology to create its products. Through its commercial sales, as
well as its
consumer division, Artistic Ice Designs, we have made a significant
impact in
the market. Some of
NanoTech?s products
and services are used in the event industry.
This market space is something
that Clear Memories is intimately
familiar with and this deal only strengthens both companies.?
About
NanoTech Entertainment
Headquartered
in San Jose, CA, NanoTech Entertainment is a
technology company that focuses on all aspects of the
entertainment
industry. With four
technology business
units, focusing on Gaming, Media & IPTV, Mobile Apps, and
Manufacturing, 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. Clear Memories
is the global leader in 3D ice
carving and manufacturing technology. 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. NanoFlix, NanoTales,
NanoBooks,
Nuvola
NP-1, Nuvola NP-C, Nuvola GP-1,
Nuvola RF-10 are trademarks of NanoTech Media Corporation. All
rights reserved.
All
other marks are the property of
their respective owners. ?The Future of Television? is a service
mark of
NanoTech
Entertainment,
Inc., All Rights Reserved
NanoTech Entertainment (CE) (USOTC:NTEK)
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