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Last Post: 12/4/2016 11:46:21 AM - Followers: 285 - Board type: Free - Posts Today: 1



 

NanoTech Completes Acquisition of High Velocity Enterprises, Inc.
Announces Corporate Reorganization and Management Plan

SAN JOSE, Calif., Feb. 2, 2015 /PRNewswire/ -- NanoTech Entertainment (OTCPINK: NTEK), an entertainment conglomerate leveraging technology to deliver state-of-the-art products and services, announced today that it has completed the acquisition of a controlling interest in High Velocity Enterprises, Inc. (HVEL) as part of an overall corporate reorganization. NTEK will place the NanoTech Gaming Labs division into HVEL which will include the division's IP portfolio and full gaming operations.

With the acquisition complete, NanoTech shareholders of record as of February 6, 2015 will be allocated shares in HVEL equivalent to their percentage of ownership in NTEK. Shares will be issued to NTEK shareholders upon effectiveness of a to be filed Form S-1 Registration Statement with the Securities and Exchange Commission ("SEC") pursuant to the Securities Act of 1933  as amended. NanoTech will strive to complete the shareholder allocation as soon as possible, but cannot provide a specific date of issuance until the transaction has been approved the appropriate regulatory authorities.

HVEL shareholders will benefit from the immediate acquisition of NanoTech Gaming Labs Staff, Technology, IP Portfolio and product line up.  HVEL will immediately change its name to NanoTech Gaming, Inc. ("NanoTech Gaming") and apply for a new ticker symbol to reflect the new name.  NTEK will retain the majority controlling interest in NanoTech Gaming.

Alan Stone, is the new Chairman and CEO of NanoTech Gaming where he will focus on licensing the portfolio of IP and the acquisition of global gaming licenses as well as the manufacture and distribution of gaming products.  Alan and the other board members will be joined by Aaron Hightower, Senior VP of Gaming Technology who has accepted a board seat. 

As part of NanoTech's new corporate reorganization and management plan, Peter Riordan, previously NanoTech's Vice President of Strategic Planning, has been named the new CEO of NanoTech Entertainment and has been appointed to the Board of Directors. In his new position, Peter will focus on the overall corporate strategy, completing the audit process and up listing. He will also provide support for each business unit head to facilitate their continued success in their various endeavors. Jeff Foley, NanoTech's former CEO, remains on Board of Directors and will be focusing on expanding the licensing of several of the company's patent pending technologies and franchising opportunities.  Riordan noted, "I've been fortunate to work with Jeff, Al and Ted over the past year in formulating a plan to take NanoTech to the next level.  We have performed well on all fronts in our transition from the R&D phase to product delivery.  By reorganizing the management structure to have each business unit have a focused set of goals and leadership, we believe that we can bring the greatest value to our shareholders this year." 

The goal of NanoTech's corporate reorganization and management plan is to optimize business opportunities by leveraging staff skill-sets, maximizing revenues and shareholder value. Key objectives include focusing on how to complete audits for each division and how to organize the management structure to best serve the business as a whole. To these ends, a new corporate governance oversight board has also been created and details will be released with the new FY2015 business plan in the coming weeks.  Riordan closed by stating, "I, along with other shareholders want to thank Al, Jeff and Ted for having the foresight to expand the business and to setup each business unit for maximizing results and increasing value.  I look forward to 2015 and beyond as we make significant strides in each market segment that we are in, complete audits and up listings further shareholder value."
http://www.prnewswire.com/news-releases/nanotech-completes-acquisition-of-high-velocity-enterprises-inc-300029304.html

 



NTGL's buffoonish ex-President, Aaron Hightower 'working' at the NTGL Romper Room playhouse before he was fired:













NanoTech (Parent Co.): http://nanotechent.com/
Website: https://ntek.com/gaming.php 
Facebook: https://www.facebook.com/ntekgl

 


 

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#34452  Sticky Note $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 08/08/16 01:00:48 PM
#34197  Sticky Note NTGL doesn't exist anymore. The corporate existence expired shajandr 05/18/16 07:22:41 PM
#32131  Sticky Note NTGL "10-Q like" "filing" is ~OUTT on OTCMarkets.com shajandr 08/19/15 03:57:03 AM
#34843   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 12/02/16 11:42:31 PM
#34842   It was a short sale. Coyle 12/02/16 09:51:33 PM
#34841   Congrats to the buyer who added 160,000 shares AlanC 12/02/16 03:31:08 PM
#34840   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 12/01/16 06:05:25 PM
#34839   $$ NTGL $$ and sister company NTEK have THE_BAMFACTSTER!! 11/30/16 03:41:24 PM
#34838   And that street is SKID ROW . shajandr 11/30/16 02:46:28 PM
#34837   $$ NTGL $$ Eazy Street !! OOPS !! THE_BAMFACTSTER!! 11/30/16 01:52:32 PM
#34836   End of the month so shorts need the AlanC 11/30/16 01:35:36 PM
#34835   And that street is SKID ROW . shajandr 11/30/16 01:27:17 PM
#34834   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 11/30/16 09:46:36 AM
#34833   FINRA short sales of NTGL AlanC 11/28/16 07:11:35 PM
#34832   NTGL Parent Just Added 10MM To The O/S BeverlyH 11/28/16 04:30:55 PM
#34831   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 11/28/16 02:45:14 PM
#34830   ZERO TRADES FRIDAY!! WOW, THIS TICKER IS DONE!! Ranchersw 11/27/16 01:48:15 PM
#34829   YEP, NTGL IS FINISHED. NOTHING LEFT AND ONLY Ranchersw 11/27/16 01:43:42 PM
#34828   Nope, it's Undertaker Avenue. NTGL doesn't have a shajandr 11/25/16 04:59:02 PM
#34827   $$ NTGL $$ Eazy Street !! OOPS !! THE_BAMFACTSTER!! 11/23/16 04:15:17 PM
#34826   Which street is that, skid row? kbrod1 11/23/16 11:46:38 AM
#34825   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 11/23/16 11:00:49 AM
#34824   NTGL Parent Just Added 10MM To The O/S BeverlyH 11/23/16 10:04:55 AM
#34823   How many shares were short today? Coyle 11/22/16 08:28:25 PM
#34822   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 11/19/16 10:37:35 AM
#34821   NTGL, NO OFFICES, NO EMPLOYEES, WHAT COMPANY? Ranchersw 11/18/16 12:53:41 PM
#34820   NTGL, THE NTEK SCAM SUBSIDIARY IS DONE. Ranchersw 11/18/16 12:51:01 PM
#34819   EVEN THOUGH NTGL IS BARELY TRADING IT CONTINUES Ranchersw 11/18/16 12:49:05 PM
#34818   NTEKERS STILL WAITING FOR PROMISED NTGL SHARES AFTER Ranchersw 11/18/16 12:46:02 PM
#34816   Meow likes it too! Meow D itchy Kitty 11/11/16 09:28:21 PM
#34815   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 11/11/16 08:38:34 PM
#34814   "We should be getting news about our dividend shajandr 11/11/16 07:17:31 PM
#34813   I like that. shajandr 11/11/16 07:11:12 PM
#34812   oohhh, are you gonna use that? KittP 11/11/16 06:58:54 PM
#34811   Scamfacster has a nice ring to it. chainma1l 11/11/16 12:18:26 PM
#34810   You are correct, but does it matter? BeverlyH 11/10/16 07:59:27 PM
#34809   You will NEVER see those shares. Coyle 11/10/16 06:47:44 AM
#34808   NTEK owners are never getting a NTGL divvy. jwilson111 11/09/16 01:37:52 PM
#34806   $$ NTGL $$ That's AWESOME !! THE_BAMFACTSTER!! 11/05/16 04:16:51 PM
#34805   Dividends of shares from a company with no kbrod1 11/05/16 03:49:12 PM
#34804   We should be getting news about our dividend AlanC 11/05/16 03:26:24 PM
#34803   Yep .....I know where to look Yep, the bankruptcy KittP 11/05/16 12:38:09 PM
#34802   $$ NTGL $$ Information is always RIGHT and THE_BAMFACTSTER!! 11/03/16 09:28:05 PM
#34801   What is the information? If it were available, shajandr 11/03/16 04:24:09 PM
#34800   $$ NTGL $$ As I explained before . THE_BAMFACTSTER!! 11/03/16 03:01:10 PM
#34799   What is the information? If it were available, shajandr 11/03/16 12:10:41 PM
#34798   $$ NTGL $$ Information is always RIGHT and THE_BAMFACTSTER!! 11/02/16 10:11:07 PM
#34797   WRONGGG!!! What's the address of NTGL HQ? What's shajandr 11/02/16 09:08:14 PM
#34796   $$ NTGL $$ FACT NTGL Does exist !! THE_BAMFACTSTER!! 11/02/16 05:28:14 PM
#34795   BAM!!! NTGL doesn't exist anymore! FACT!!! shajandr 11/02/16 03:59:10 PM
#34794   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 11/02/16 03:25:51 PM
#34793   The pump is on for NTGL underdog150 10/29/16 01:48:15 PM
#34792   $$$ NTGL $$$ I know right .....This is THE_BAMFACTSTER!! 10/28/16 08:47:45 PM
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