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Nanotech Entertainment Inc
Letter To Shareholders
Published Feb 19 2013
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Letter To Shareholders

FOR IMMEDIATE RELEASE

 

Contact:          Denise Clifford

Phone:             (702) 518-7410

Email:              denise@nanotechent.com

                 

 

NANOTECH ENTERTAINMENT (NTEK) RELEASES LETTER TO SHAREHOLDERS

                                                                      

Q4 2012 Financials Filed

                                                                             

 

San Jose, CA– February 19, 2013NANOTECH ENTERTAINMENT (OTCPINK: NTEK) would like to take this opportunity to update shareholders about recent filings.  In an open letter to shareholders, Chairman and CEO Jeffrey A. Foley made the following statements about NanoTech.

 

“NanoTech has filed its December 31, 2012 financials with OTCMARKETS and we expect to be once again listed as OTC PINK CURRENT INFORMATION within the next 24 hours.  We believe that a simple oversight with yesterday’s holiday caused a short delay in the posting of our information.

 

While the quarter ending on December 31, 2012 was expected to show a significant loss, we achieved higher revenues and lower expenses than originally anticipated.  This resulted in a loss that was less than the previous quarter and we are confident that we are moving towards our plan of posting profits in 2013.”

 

 

About NanoTech Entertainment

Headquartered in San Jose, CA, with operations in NV and MA, 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 (OTCPINK: 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.

 

 

 

 

 

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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 Entertainment, Inc., All Rights Reserved.  The NanoTech Gaming Labs Logo, Pinball Wizard, Jumper and Masher are trademarks of NanoTech Gaming Labs, All Rights Reserved.   "PlayStation" is a registered trademarks of Sony Computer Entertainment Inc. All rights reserved. XBOX is a registered trademark of Microsoft Corporation in the United States and/or other countries.