repost: (NTEK) Shareholder Letter >
Corporate Updates as of October 23, 2015
NanoTech Entertainment is experiencing exponential growth with the UltraFlix platform. With this progress, we are increasing our content budget from two million to ten million dollars. To be able to take a leadership position in the entertainment business it takes significant capital and we are successful in making our presence known. In order to execute on the developments at hand, additional funding has been imperative to the success of the company.
While it has taken longer than expected, we are pleased to announce that we have released our latest build of UltraFlix to Sony and Samsung for QC, which we believe will be the final build. Newly announced OEMs that have been very supportive and enthusiastic in working with us to get their platform ‘live’ as soon as possible, now include; Sony, Samsung, Hisense, Sharp, LG, Roku, Amazon Fire and Humax, adding to our already activated stable of global manufacturers.
UltraFlix just last night from Levi Stadium successfully tested the first live 4K streaming event to a Samsung UHD Smart TV coast to coast. It was a major milestone for the company and a quantum leap for our ability to offer live 4K Streaming events. Our development group will be testing the Live broadcasting throughout the end of this year. The TV OEMs are very excited and supportive of our Live 4K initiative.
Additionally, a nationwide advertising campaign is kicking off next month with several of our OEM and Retail partners, which will help tremendously with the overall awareness and buzz building campaign for UltraFlix.
With the holiday season approaching, our focus will be to ensure that UltraFlix becomes a household name for every 4K TV customer this year. Hundreds of movies are being added each month and we are pleased with the increased growth rate of our rapidly growing user base.
NanoTech shareholders will be receiving a proxy package in the next few weeks to review and vote on a recapitalization plan to help expand the business while reducing convertible debt. In the interim we have increased the authorized shares to allow us to keep operating until we can get the proxy package out to you for your vote. We appreciate everyone’s support in these exciting, fast-paced times. The success of the company has been dependent on taking advantage of the opportunities that we have been approached with. If you have further questions please contact Dan Wong at Dan@ntek.com or by calling 858-381-5740
Thank you for your continued support,
Jeffrey A. Foley
Chairman
http://www.otcmarkets.com/financialReportView...;id=145865
Corporate Updates as of October 23, 2015
NanoTech Entertainment is experiencing exponential growth with the UltraFlix platform. With this progress, we are increasing our content budget from two million to ten million dollars. To be able to take a leadership position in the entertainment business it takes significant capital and we are successful in making our presence known. In order to execute on the developments at hand, additional funding has been imperative to the success of the company.
While it has taken longer than expected, we are pleased to announce that we have released our latest build of UltraFlix to Sony and Samsung for QC, which we believe will be the final build. Newly announced OEMs that have been very supportive and enthusiastic in working with us to get their platform ‘live’ as soon as possible, now include; Sony, Samsung, Hisense, Sharp, LG, Roku, Amazon Fire and Humax, adding to our already activated stable of global manufacturers.
UltraFlix just last night from Levi Stadium successfully tested the first live 4K streaming event to a Samsung UHD Smart TV coast to coast. It was a major milestone for the company and a quantum leap for our ability to offer live 4K Streaming events. Our development group will be testing the Live broadcasting throughout the end of this year. The TV OEMs are very excited and supportive of our Live 4K initiative.
Additionally, a nationwide advertising campaign is kicking off next month with several of our OEM and Retail partners, which will help tremendously with the overall awareness and buzz building campaign for UltraFlix.
With the holiday season approaching, our focus will be to ensure that UltraFlix becomes a household name for every 4K TV customer this year. Hundreds of movies are being added each month and we are pleased with the increased growth rate of our rapidly growing user base.
NanoTech shareholders will be receiving a proxy package in the next few weeks to review and vote on a recapitalization plan to help expand the business while reducing convertible debt. In the interim we have increased the authorized shares to allow us to keep operating until we can get the proxy package out to you for your vote. We appreciate everyone’s support in these exciting, fast-paced times. The success of the company has been dependent on taking advantage of the opportunities that we have been approached with. If you have further questions please contact Dan Wong at Dan@ntek.com or by calling 858-381-5740
Thank you for your continued support,
Jeffrey A. Foley
Chairman
http://www.otcmarkets.com/financialReportView...;id=145865
