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
Copyright Business Wire 2013