SAN JOSE, Calif., NanoTech Entertainment (OTCPINK: NTEK) announced that it has entered into an agreement to acquire Silicon Valley based Worldwide Global Entertainment. The acquisition is effective immediately and the Worldwide staff will join the NanoTech Media division.
“We are extremely excited about the opportunity to help expand our Media division,” stated Jeffrey A. Foley, NanoTech CEO. “Worldwide’s management team brings a wealth of experience and contacts to NanoTech. Given our continued expansion in the home entertainment space, having a team of seasoned veterans join us to help expand our library of unique content is a welcome addition to the team. Worldwide has been working on several great products that will fit nicely in our lineup.”
Pete Crowley, will immediately take a position as Vice President of Sales for NanoTech Media. Crowley commented “I’ve really enjoyed working with the NanoTech team over the past few months and am very excited to become an integral part of the team. I’ve got a long history of media production and development and combining my experience with the amazing NanoTech technology is going to be very exciting.”
Peter Riordan, CFO of Worldwide, will join NanoTech as Vice President of Strategic Planning. “I’ve been impressed with the forward looking strategies that the NanoTech team has employed, both in business and technology. I’m looking forward to being part of the management team that helps continue to guide the company,” stated Riordan.
NanoTech Director Alan Stone closed by adding “The Worldwide team has a lot of great projects that will be significantly enhanced by deploying them on the global delivery infrastructure that NanoTech has set up. By using the NanoFlix IPTV/OTT platform, these projects will get to market quickly on a wide variety of devices. This relationship will help us in continuing to deliver The Future of Television.”
About NanoTech Entertainment
Headquartered in San Jose, CA, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With five technology business units, focusing on 3D, 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
SOURCE: NanoTech Entertainment