NANOTECH
ENTERTAINMENT (OTCPINK:
NTEK) announced today that it has partnered with Ciao Entertainment
and Television, a global provider of telecommunications products and
services with headquarters in the U.S., to manufacture and market
Televisions and Media Players in Brazil. Brazil is currently one of the
largest, fastest growing consumer markets in the world, with over 17
million households currently subscribing to pay-tv services. According
to Brazil’s communications minister Paulo Bernardo, his department sees
this growth continuing to a massive 40 million “within 3 to 4 years.”
Through this partnership, NanoTech and Ciao will seek to capitalize on
these growth trends by manufacturing and marketing high quality state of
the art Televisions and Media players for the Brazilian market.
Ciao has recently invested in factories in Santa Rita De Sapucai, Minas
Gerais, Brazil for the production of mobile communication devices
including mobile phones, smart phones, tablets and mobile device
components. This experience will help expedite the process for the new
partnership in setting up production for NanoTech designed products.
Ciao Telecom will be responsible for the distribution of the consumer
devices throughout Brazil.
Commenting on the announcement, David Swanson, Vice President of
Operations for NanoTech said, “We are very excited to announce this
partnership, which marks an important step toward the Global expansion
of NanoTech’s products and Technology helping make NanoTech a truly
multinational company.”
NanoTech CEO Jeffrey A. Foley closed by adding, “We are pleased to be
partnered with such as strong company. Given Ciao’s size and reach in
Brazil, we are anticipating several million dollars in sales in the
first six months. Ciao Telecom is a multinational telecommunication
services provider with operations in the United States, Brazil, Europe
and the Middle East. Ciao Telecom has especially deep knowledge of the
Brazilian market and close connections with many organizations in
Brazil. Together with Ciao, we are extending our global reach in
providing the Future of Television."
Eugenio Santos, Ciao’s chairman and CEO added, “In addition to our
telecommunications offerings and IPTV based entertainment services, we
will now provide a complete solution to the consumer including the
Television, Set Top Box, and content services. Ciao is also combining
our wireless offers with consumer and small business security products
that protect property and integrate with Ciao mobile service.”
Santos continued, “This partnership will provide our customers with the
best value state of the art video equipment. We plan to release more
detailed information on our distribution programs shortly. Having the
unparalleled IPTV technology and products that NanoTech offers combined
with the Global Reach of Ciao is a winning formula. I’m excited about
the opportunity for us to expand IPTV foreign language offerings in
North America as well as brining 4K UltraHD to South America.”
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 Media Technology includes the world’s first 4K
UltraHD streaming solution. 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.
About Ciao
Ciao Telecom is a global Telecommunications Company delivering
innovative solutions to a variety of business segments including
government agencies, businesses and consumers. Headquartered in
California with offices in Europe, South America, and the Middle East,
Ciao Telecom is present in over 150 countries, with Voice over IP
Communication services, broadband Internet, IPTV, video and mobile phone
services as well. Ciao utilizes a partnership with Sprint to deliver
high quality voice, text and data services to our customers. Ciao
Telecom was founded in by Eugenio Santos and Victor Santos.
"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, Nuvola NP-H1 and Nuvola NP-S1
are trademarks of NanoTech Media Corporation. All rights reserved. All
other marks are the property of their respective owners. “The Future of
Television”, “The Future of Entertainment” and “Smarter TV” are service
marks of NanoTech Entertainment, Inc., All Rights Reserved
Copyright Business Wire 2013