NTEK news
Las Vegas, NV– March 20, 2013 –NANOTECH ENTERTAINMENT (OTCPINK: NTEK)
today announced from the Amusement Expo 2013 that it has reached an exclusive
agreement with London based Electrocoin Sales LTD to manufacture, sell and
distribute its line of coin-op and gaming products. With many new products and
technologies destined for the gaming market, NanoTech CEO Jeffrey A. Foley
stated “We are thrilled to be working with one of the most prestigious names
in the European amusement business.”
NanoTech will debut its upcoming Jumper and Masher games to the European market
at the Electrocoin Park Avenue Open Day event in London in June 2013. The Park
Avenue Open Day events have been long filled with surprise announcements and
releases by Electrocoin. John Stergides, Managing Director of Electrocoin,
commented, “NanoTech has very interesting technology and ideas, and we are
looking forward to working together to build unique products that are
optimized for the UK and European market. We have enjoyed success in the
past with members of NanoTech team and we are pleased to be working together again”.
NanoTech will create specialized versions of its video redemption products that
will be centered around the Skill with Prize market in the UK. These games
feature the ability to pay out prizes in cash or items based on the skill
of the player. Foley continued “by creating unique SWP machines we anticipate
an increase in revenue of over $1M to our original sales forecast as we had
not included this potential market in our original plans for 2013.”
Foley closed by stating “We are very excited to work with Electrocoin, who has
been a market leader in the European coin industry since the mid 70’s.
John has invaluable knowledge not only about the market, but also about
gameplay and the tuning of coin-operated products. We are excited to
not only offer our technology to Electrocoin, but to also work together
in developing new products that are earmarked for their specific market needs.”
