~~~~~From Denise in regards R/S .~~~~~ I hope this
Post# of 96879
I hear this continued talk about R/S, Denise confirmed it per email below and if EVERYONE READ the LETTER FROM THE CEO on Thursday, this should not come up.
Also, the company has moved out of R&D phase into "PRODUCTION".
The confidence about being at or above $1.00 was mentioned by the CEO.
ALSO, as far as the 990 Billion Authorized Shares on the December report, that is a TYPO that was corrected. There are 990 Million A/S.
PLEASE READ THE FIRST PART OF LETTER BELOW AND SEE ALL IN GREEN:
Quote:
denise@nanotechent.com
7:47 PM (1 hour ago) <------ LAST NIGHT Sat., 2/16/13
to me
Read the letter, It clearly states there is no reverse split. I hold a lot more shares in this company than you do, and I agreed to take many months of pay in stock instead of cash because of my faith in the company and its leadership .
Courtesy of REIVAX
FOR IMMEDIATE RELEASE
Contact: Denise Clifford
Phone: (702) 518-7410
Email: denise@nanotechent.com
NANOTECH ENTERTAINMENT (NTEK) RELEASES LETTER TO SHAREHOLDERS
CEO Answers Questions about Company, Expansion and Stock
San Jose, CA– February 15, 2013– NANOTECH ENTERTAINMENT (OTCPINK: NTEK)would like to take this opportunity to update shareholders about recent announcements and our support in the market. In an open letter to shareholders, Chairman and CEO Jeffrey A. Foley
made the following statements about NanoTech. “NanoTech Entertainment has made remarkable strides in the expansion of our business in the past three months. We have moved out of the R&D phase of the company, and have begun to build and ship products, deliver and license technology, and expand and upgrade our facilities and infrastructure. Based on NTEK’s stock performance in the past two months, the last two days of downward sell offs has triggered a plethora of calls and emails to the company, mostly based on unfounded fears.
NanoTech is a real company with real products and real employees who have invested many years to bring the company to its current state. Our team has invested their time and efforts far beyond the call of duty and they are the foundation of our great company. We have recently added some high profile industry veterans to our directors and staff, and we are continuing to
expand our staff at every level. Our team members include well known industry professionals with great relationships and connections in our markets.
Our NanoTech Gaming Labs products are for sale with multiple vendors and distributors. We have already sold thousands of our pinball controllers and continue to establish ourselves as a leading provider of digital pinball technology . Our new XBOX and PlayStation Pinball Wizard 2 gaming controller is in the design phase and we plan to be shipping them in the first half of 2013. Our new redemption games are in testing now, and we will be showing them off at upcoming industry trade shows and offering them for sale through a network of worldwide distributors.
NanoTech Media products, including NanoFlix and NanoFlix3D have already been deployed in working live channels on many platforms including Roku, Samsung SmartTV, iPhone, iPad, Android, PC and MAC. The BigAppShow, running on the NanoFlix engine, has already served hundreds of thousands of episodes to users. We have recently expanded our Media group and several more channels based on the NanoFlix technology will be hitting the market this quarter. The NanoTech Communications team is in the early stages of testing multiple mobile apps that will be released in Q2 of this year. The team has been hard at work creating some of the most innovative mobile technology available. With a variety of apps based on this technology scheduled for release in 2013, we anticipate this group will be a fantastic addition to our lineup.
In 2012, while the company was still in the R&D phase and borrowing money to sustain operations, it was strategically decided to temporarily forego the very expensive process of filing
quarterly audits. The company filed the appropriate SEC paperwork and became a fully self reporting company. We have continued to post our quarterly and annual financial statements and are a member in good standing on the OTC Markets Pink Current Information tier. Investors looking to find the latest information can visit our website or