NanoTech Entertainment (NTEK) Announces 2014 Annual Shareholders Meeting – Files Notice of Corporate Action for Dividends
1:14 PM ET, 04/04/2014 - Business WireDividends Distributed in April & Shareholders’ Meeting in May
SAN JOSE, Calif.--(BUSINESS WIRE)--Apr. 4, 2014-- NanoTech Entertainment ( OTCPINK: NTEK ), a pioneer in bringing the 4K Ultra HD experience to consumers and businesses, announced today that it has filed a notice of corporate action with FINRA declaring a cash dividend.
The Board of Directors of the Company is pleased to announce that a quarterly cash dividend of US$0.00024 per share has been declared on the outstanding common shares of the Company. The dividend is payable in cash on April 25, 2014 to shareholders of record at the close of business on April 14, 2014. Investors are reminded to allow sufficient time for the settlement of any shares purchased prior to the record date, and are encouraged to contact their investment advisors with any questions in this regard.
"This is our first dividend payment and we expect that the amount of the payments will increase as we continue to expand our profit margins," said NanoTech CEO Jeffrey A Foley.
For those shareholders who own shares in a brokerage account, the Company will be wiring the dividend payment directly to Depository Trust Corporation or DTC. DTC will allocate and deposit the aggregate dividend payment among the various brokerage firms for payment to the shareholder's individual account. This process generally takes a few business days.
The company also announced that the 2014 Annual Shareholders meeting will take place at 12:00 p.m. (PDT) on Saturday May 17, 2014 at Casino M8trix located at 1887 Matrix Blvd, San Jose, CA, 95110. The days agenda will include a presentation of NanoTech’s product line up, a preview of future plans for the company, re-election of the board of directors, approval of the company’s fiscal 2015 business plan and any other business as may properly come before the meeting or any adjournment or postponement thereof.
The board has fixed the close of business on May 10, 2014 as the record date for determining the stockholders entitled to notice of, and to vote at the Meeting or any adjournment or postponement of the Meeting. At the Meeting each holder of record of shares of common stock, will be entitled to one vote per share held, on each matter properly brought before the Meeting.
Foley stated “We are excited to showcase some of our latest products and technology at the event and have the opportunity to meet with our shareholders and discuss the future of NanoTech.”
Shareholders are asked to contact NanoTech by emailing ir@ntek.com and RSVP for the event so that proper accommodations can be arranged for all attendees.
About NanoTech Entertainment
