June 25. 2015 Shareholder Letter As CEO ofNanoT
Post# of 96879
Posted On: 07/07/2015 7:54:32 AM
Re: STEEL PENNY #22480
June 25. 2015 Shareholder Letter
As CEO ofNanoTech Entertairtment, I understand it is important and our goal to be
as transparent as we are allowed to be and we apologize for the frustration and
uncertainty this has caused in our shareholder base. While we have made significant
strides, we have also missed our target dates due to unforeseen delays beyond our control
and I will do my best to make sure this does not happen again. While we are in a
transition period upgrading our products and services to compete effectively in a growing
market, we are confident our efforts will be rewarded.
UltraFlix Content
- We have transactions with major studios for 4K content that will be disclosed when
appropriate.
- We have optimized o:ur encoding workflow and have 100 films that will be uploaded
to UltraFlix in the next 15-30 days.
4K Television Manufacturers/Applications
- We have pending announcements with top tier television manufacturers to release
UltraFlix on their 4K televisions.
We will disclose in a press release when
appropriate.
- Hisense will inject 1 million 4K sets in the US Market this year and will feature
, Ultrallix as its premium 4K VOD application.
- Vizio is marketing UltraFlix via email, social media and in-store retail displays. d
- We have signed deals with two featured 4K Apps that will license UltraFlix content.
Share Structure
We have increased our Authorized shares from 990MM to 1.4B. We did this for several
reasons:
- To attract new Empioyees andNew Acquisitions including uplink.to
- Pay for Contract Obligations
- Pay for New Studio Technology
In conclusion,
I urge investors to remain patient and strong through our rapidly
expanding growth period. We are continuing to pioneer and lead the way into the 4K
streaming market. With our experienced team of technology and content experts, we will
continue to stay ahead of the curve, while being able to adapt to an ever-changing
industry. The company has been efficiently working on upgrading equipment and
systems to prepare for the future growth in the 4K Market. We are reviewing intemal
controls to operate our business as efficiently as possible. Lr the next weeks, we will
continue to update you via shareholder lefiqand press releases on specific transactions
once it is appropriate to disclose the informatiofl. Our team is exhemely proud of our
loyal shareholders and we thank you for your dedication. We are excited that we can all
take partin a ground-breaking technology and experience success together.
Best Regards, hPeter Riordan
Chief Executive Officer
NanoTech Entertainment Inc.
###
As CEO ofNanoTech Entertairtment, I understand it is important and our goal to be
as transparent as we are allowed to be and we apologize for the frustration and
uncertainty this has caused in our shareholder base. While we have made significant
strides, we have also missed our target dates due to unforeseen delays beyond our control
and I will do my best to make sure this does not happen again. While we are in a
transition period upgrading our products and services to compete effectively in a growing
market, we are confident our efforts will be rewarded.
UltraFlix Content
- We have transactions with major studios for 4K content that will be disclosed when
appropriate.
- We have optimized o:ur encoding workflow and have 100 films that will be uploaded
to UltraFlix in the next 15-30 days.
4K Television Manufacturers/Applications
- We have pending announcements with top tier television manufacturers to release
UltraFlix on their 4K televisions.
We will disclose in a press release when
appropriate.
- Hisense will inject 1 million 4K sets in the US Market this year and will feature
, Ultrallix as its premium 4K VOD application.
- Vizio is marketing UltraFlix via email, social media and in-store retail displays. d
- We have signed deals with two featured 4K Apps that will license UltraFlix content.
Share Structure
We have increased our Authorized shares from 990MM to 1.4B. We did this for several
reasons:
- To attract new Empioyees andNew Acquisitions including uplink.to
- Pay for Contract Obligations
- Pay for New Studio Technology
In conclusion,
I urge investors to remain patient and strong through our rapidly
expanding growth period. We are continuing to pioneer and lead the way into the 4K
streaming market. With our experienced team of technology and content experts, we will
continue to stay ahead of the curve, while being able to adapt to an ever-changing
industry. The company has been efficiently working on upgrading equipment and
systems to prepare for the future growth in the 4K Market. We are reviewing intemal
controls to operate our business as efficiently as possible. Lr the next weeks, we will
continue to update you via shareholder lefiqand press releases on specific transactions
once it is appropriate to disclose the informatiofl. Our team is exhemely proud of our
loyal shareholders and we thank you for your dedication. We are excited that we can all
take partin a ground-breaking technology and experience success together.
Best Regards, hPeter Riordan
Chief Executive Officer
NanoTech Entertainment Inc.
###
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