Latest shareholders letter Letter to Shareholders July

Latest shareholders letter Letter to Shareholders July 22, 2016 Dear Shareholders, I am excited to update you on our recapitalization plan. FINRA has reviewed and approved our reverse split effective July 13, 2016 at a 1 for 25.1 reverse stock split of our common stock, effective for trading. As of this date every twenty-five point one (25.1) shares issued and outstanding stock has now been converted into one (1) share of common stock. The common stock is now trading under a new cusip number 63009Y203. The company’s ticker symbol, “NTEK”, will remain unchanged, but during the next few days of trading the company’s shares of common stock will trade on the OTC marketplace under symbol “NTEKD”, with the “D” signifying the split. Stockholders who hold their shares in brokerage accounts or "street name" will have their shares automatically adjusted to reflect the reverse stock split. Shareholders of share certificates will receive instructions from the company's transfer agent, Clear Trust, LLC. with specific instructions regarding the exchange of shares. Stockholders should direct any questions concerning the Reverse Split to their broker or the Company's transfer agent, Clear Trust, LLC, 813.235.4490. We have implemented a 75% reduction in the authorized level of common stock. The reverse was taken in an effort to greatly reduce the sell-off of shares related to previous financing arrangements. This was not desired by current management and we have worked hard with our partners to craft a plan that is beneficial to all parties including our loyal shareholders. This, of course, will be outlined to shareholders as soon as completed. This move is significant, partially because we have now reduced our convertible debt by over a million dollars whiledefining a go forward plan to secure much needed capital for further expansion of the business. This has greatly improved our balance sheet as we enter into our new fiscal year 2017. Once completed, this recapitalization plan will hopefully enable us to move forward with the addition of several new content partners as well as multiple new exclusive content channels on our award winning UltraFlix streaming network. This plan will also include the expansion of our 4K Studios operations. The reduction in outstanding shares also allows us to distribute some restricted shares to the many great team members that have worked long and hard to build the amazing products and services we have to offer. By rewarding them with a small portion of ownership we can ensure their continued dedication to corporate growth and increased shareholder value. We also have been working with some new team members at NanoTech Gaming to complete the transaction with them that was started last year. Our goal is to provide the necessary help so that we can issue a dividend before the end of the year, distributing the shares of NTGL currently being held in trust to NTEK shareholders finalizing the separation of the gaming technology and operations from NanoTech Entertainment. Finally, as we enter into a new fiscal year, we have set a team goal that our 2016 year end financials will be the last time we file unaudited. We have made recent moves to implement a new “state of the art” finance department and will be working on improved reporting and audited financials allowing us to continue corporate growth and maturity. We will continue to announce significant strides that UltraFlix makes including several more announcements in the coming months. During this time we understand the need to be as communicative and transparent as we can be so that our shareholders stay informed. We appreciate your continued support and we look forward to a very successful remainder of the year.