Here's From Phil Foley What We're looking at for
Post# of 96874
Posted On: 02/26/2016 11:52:38 AM
Here's From Phil Foley What We're looking at for NTEK
- Customer base growth over 1000% including a recent 10 times month over month growth during the past 2 quarters and on track to hit One Million Users in 2016
- Establishing UltraFlix as the source for the best quality versions of any movies available by any consumer network
- Being featured in store promotions with major brands including Sony, Roku and Vizio
Moving forward, Mr. Foley will be implementing a go forward strategy which should not only bolster shareholder confidence, but help propel the company into even more significant accomplishments this quarter and entering into 2016. Some of the short term goals include:
- Working with financial consultants to define and implement a recapitalization plan that will substantially reduce debt early in 2016.
- Continue to expand the movie catalog including the addition of more major studio catalogs, original content, live events, and exclusive offerings
- Expand exclusive vertical channel offerings such as Armada TV and the San Francisco 49ers channels
- Continue to add new platforms and devices including Amazon Fire TV and Apple TV
- Identify acquisition targets in both the content and technology sectors to accelerate growth
- Establish regular communications and updates to shareholders every month
- Work with new strategical consultants to help implement organizational, staffing, communication, and technology strategies for continued growth.
With the holiday season at hand and the growth we are experiencing, it has been very encouraging that our efforts are showing such progress. The number of 4K TV’s being sold and projected 4K TV sales, will ensure that UltraFlix will be available to an extremely large customer base, and the TV manufacturers have continued to make sure their users know about the largest 4K content library we have to offer.
Thank you for your patience during these extremely busy times, and we will be communicating our progress as we move forward.
We want to hear from you so that we can regularly address any questions or concerns, as well as provide updates on a regular basis. Please contact Dan Wong at 858-381-5740 or dan@ntek.com
Jeffrey A. Foley – Chairman
- Customer base growth over 1000% including a recent 10 times month over month growth during the past 2 quarters and on track to hit One Million Users in 2016
- Establishing UltraFlix as the source for the best quality versions of any movies available by any consumer network
- Being featured in store promotions with major brands including Sony, Roku and Vizio
Moving forward, Mr. Foley will be implementing a go forward strategy which should not only bolster shareholder confidence, but help propel the company into even more significant accomplishments this quarter and entering into 2016. Some of the short term goals include:
- Working with financial consultants to define and implement a recapitalization plan that will substantially reduce debt early in 2016.
- Continue to expand the movie catalog including the addition of more major studio catalogs, original content, live events, and exclusive offerings
- Expand exclusive vertical channel offerings such as Armada TV and the San Francisco 49ers channels
- Continue to add new platforms and devices including Amazon Fire TV and Apple TV
- Identify acquisition targets in both the content and technology sectors to accelerate growth
- Establish regular communications and updates to shareholders every month
- Work with new strategical consultants to help implement organizational, staffing, communication, and technology strategies for continued growth.
With the holiday season at hand and the growth we are experiencing, it has been very encouraging that our efforts are showing such progress. The number of 4K TV’s being sold and projected 4K TV sales, will ensure that UltraFlix will be available to an extremely large customer base, and the TV manufacturers have continued to make sure their users know about the largest 4K content library we have to offer.
Thank you for your patience during these extremely busy times, and we will be communicating our progress as we move forward.
We want to hear from you so that we can regularly address any questions or concerns, as well as provide updates on a regular basis. Please contact Dan Wong at 858-381-5740 or dan@ntek.com
Jeffrey A. Foley – Chairman
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