The NTGL share distribution is for NTEK shareholders on record as of February 6th 2015. That's the cut off date.....
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NanoTech Gaming and High Velocity Acquisition
We recently announced the acquisition of High Velocity Enterprises, Inc.. High Velocity is a separate public company currently trading under the symbol HVEL. NanoTech has taken over control of the company and management. Bruce Schoengood has resigned from the company and Board of Directors and is no longer affiliated with the company. Alan Stone has been named
the Chairman and CEO of the company.
HVEL has purchased the assets of NanoTech Gaming Labs from NanoTech. For that acquisition NTEK has been issued shares in HVEL. NTEK will be distributing those shares, upon registration and approval to its shareholders based upon their holdings in NTEK as of the close of market today, February 6, 2015. NTEK will record all shareholders of NTEK stock and their holdings and use that as the basis for distribution of shares. A timeline cannot be given as the
registration and issuance of HVEL shares is controlled by the SEC.
HVEL will be renamed to NanoTech Gaming, and have its ticker changed to reflect the name change. Shares are being registered with the SEC and will be free trading upon approval of their issuance. HVEL is being audited and we anticipate that the audits and applications for registration with the SEC and up listing to OTCQB will take place in the next 90 days.
Current HVEL shareholders are gaining the benefit of the acquisition of world class patent pending technology that is groundbreaking in the gaming field. NanoTech Gaming will be operated independently of NTEK.
HVEL Authorized Shares is 45,000,000 not 45,000,000,000 as incorrectly reported on OTC Markets. We have notified OTC Markets of the many updates to the company and are waiting for them to correct their website. OTC Markets information is published by the company and is not the official location of Authorized Shares. That can be found on the Nevada State website
where the articles of incorporation must be filed along with any changes to the share structure.
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