Business
CORRECTION: NANOTECH STRENGTHENS COMMERCIAL BUSINESS WITH ACQUISITION OF MAGICSCREEN3D
CORRECTION: NANOTECH STRENGTHENS COMMERCIAL BUSINESS WITH ACQUISITION OF MAGICSCREEN3D.
About this update from Nanotech Entertainment Inc
[{"type":"text","content":"v/:* {behavior:url(#default#VML);}o/:* {behavior:url(#default#VML);}w/:* {behavior:url(#default#VML);}.shape {behavior:url(#default#VML);} FOR IMMEDIATE RELEASE Contact: Christian HansenPhone: (858) 381-4677Email: [email protected] NANOTECH STRENGTHENSCOMMERCIAL BUSINESS WITH ACQUISITION OF MAGICSCREEN3D Glassless 3D Products Expand NanoTech's CommercialMedia Produce Offerings San Jose, CA - July 22, 2013 - NanoTechEntertainment (OTCPINK: NTEK) announcedthat it has executed a definitive agreement to acquire MagicScreen3D, Inc.,market leaders in the commercial implementation of glassless 3D screentechnology. Jeff Foley,NanoTech CEO stated \"We are excited to add the MagicScreen3D products and IP toour portfolio. This acquisition willhelp continue our move into the commercial media space.\" Carl Wiseman, MagicScreen3D CFO commented \"Weare excited to become part of the NanoTech family. NanoTech has quickly been establishing itselfas a market leader in the media space and has a very forward thinking approachto implementing and deploying the latest technology.\" Los Gatos, CAbased MagicScreen3D has already rolled out its products with partners includingRed Bull and venues including the Marquee in Las Vegas. A research study conducted by the Universityof Tilburg revealed that Red Bull advertising content on a glasses-free 3Dmonitors increases customer's attention by almost 45%. Also, the researchindicated a positive impact on the sales (an 8.5% increase) of Red Bullproducts during the 3D advertisement test period. \"By giving the viewer a true3D experience while not requiring any glasses allows the MagicScreen3D productsto help quickly captivate viewers,\" Foley added. Wiseman noted \"Our clients have found that the interactivity and amazing 3D graphics producedby our screens helps customers not only engage more quickly, but also increasesinteraction and retention of the subject matter.\" MagicScreen3D offers solutions for a varietyof uses including point of sale adver...