Shareholder Letter from Dr. Ivan Gulas is out ...
http://www.otcmarkets.com/financialReportView...;id=166046
http://www.otcmarkets.com/financialReportView...;id=166046
Quote:February 6, 2017
Dear Shareholders,
My name is Ivan Gulas. As many of you may already know, I assumed the position of CEO, at the end of January. During these past two weeks, I have started to become more intimately familiar with the Company while simultaneously engaging in activities to strengthen key relationships and forge new ones of value to the Company. Beyond introducing myself, I would like this letter to begin what I hope will become regular and ongoing communications with the Company’s shareholders and to thank those of you
who have already reached out with good wishes.
As full disclosure, I should add that I have been fairly familiar, to the extent possible for an outsider, with this Company for quite some time. Also, as an early participant in the 4K Ultra HD marketplace, I began building Swig Media around the same time UltraFlix was launched. However, Swig Media’s primary focus has been more on pioneering ‘Next Generation’ video streaming technologies, back‐end and global media cloud services, and delivery products best suited for 4K Ultra HD streaming, than on building a destination brand for 4K Ultra HD entertainment. Consequently, I have had an excellent vantage point to watch the Company’s growth, and have been quite impressed by UltraFlix’s market penetration, success in having the UltraFlix App factory installed by most major Smart 4K TV manufacturers sold in the US, and in achieving a market leading destination brand for viewing premier 4K Ultra HD entertainment.
The Company historically has had several operating divisions, but UltraFlix, has garnished the mostnoteworthy attention and market positioning as a market leading destination for 4K Ultra HD entertainment. As we all knew, all aspects of digital entertainment have been going through considerable
change, which has included content delivery options, cord‐cutting and OTT growth and shifts in business models. It would be a mistake to underestimate or to minimize the challengesfacing all of us in this highly dynamic and competitive marketplace. However, this environment also presents unique opportunities for Companies that can be nimble, market responsive, industry savvy and enjoy potential market competitive advantages.
To this end, the decision has been made to relaunch NanoTech Media as UltraFlix, a NanoTech Company. Beyond the name change, which will more clearly help to build the UltraFlix brand, the Company is moving to a singular focus and agenda, namely to help solidify UltraFlix’s market leadership position, and to
maximize potential benefits made possible by the explosive growth in 4K Ultra HD TV marketplace, and new products coming to the market with 4K Ultra HD playback capabilities. The leveraging of resources with market competitive advantages from Swig Media will also serve as a propellant to this mission.
My proximity to the Company, especially over this past year, has enabled me to see the incredible effort and praiseworthy dedication exhibited by Company employees and technology and operations contributors, under very difficult circumstances. In recognition of their efforts a recommendation has been made to the Board to reward their loyalty and hard work by issuing restricted shares as part of their compensation package. Furthermore, rewarding outstanding performance in this fashion, as a general Company policy, fosters participation longevity and closer alliance with the goals of Company, and its shareholders, as team members will join in the ownership of the Company.
It is premature for me to delineate, in any meaningful fashion, specific initiatives under consideration. Suffice to say, high agenda issues include: addressing the financial situation / needs, reviewing and
attempting to improve and expand content licensing relationships and optimization of businessterms and initiating new monetization opportunities. Leveraging collective resources to launch new products (e.g.
24/7 UltraFlix linear TV channel) and pursuing strategically advantageous opportunities are also high on the agenda. I know that there is a desire for a lot more information from the company and as plans are put in place and we are able to share them we will continue to update you on a more regular basis. My goal is to under promise and over deliver.
In conclusion, I have assumed this position with much enthusiasm. My personal feelings regarding the Company and its prospects are perhaps best demonstrated by the fact that Swig Media has made financial investments to provide infrastructure support to the Company, and my willingness to begin working for the Company, with compensation limited to shares. I would like to thank you, the Shareholders, for your loyalty and continuing support.
Thank you,
Dr. Ivan Gulas
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