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Last Post: 3/23/2017 2:00:42 PM - Followers: 281 - 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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#34924  Sticky Note $$ NTGL $$ Street is EAZY Street ..... THE_BAMFACTSTER!! 01/18/17 08:58:23 AM
#34922  Sticky Note Yes Still trades. OOPS !! LOL !! Correct - KittP 01/17/17 09:18:01 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
#35071   Down big time still again so far today. KittP 03/23/17 02:00:42 PM
#35070   FINRA short sales of NTGL AlanC 03/22/17 06:02:49 PM
#35069   Down big time still KittP 03/22/17 05:46:54 PM
#35068   $$$ NTGL $$$ WRONG kittp .....Most if not THE_BAMFACTSTER!! 03/21/17 08:35:17 PM
#35067   Down big time KittP 03/21/17 05:30:18 PM
#35066   WRONG kittp .....Most if not all that KittP 03/21/17 01:50:03 PM
#35065   $$$ NTGL $$$ Smart NTEK investors are Not THE_BAMFACTSTER!! 03/21/17 01:22:57 PM
#35064   Remember when NTEK holders were supposed to get jwilson111 03/21/17 01:17:49 PM
#35063   $$$ NTGL $$$ WRONG kittp .....Most if not THE_BAMFACTSTER!! 03/21/17 01:14:42 PM
#35062   Here ya go...bam oopsiedaisy .. KittP 03/20/17 11:10:01 PM
#35061   $$ NTGL $$ FANTASTIC !!! Word on the THE_BAMFACTSTER!! 03/20/17 11:00:48 PM
#35060   No, as NTGL no longer exists. Not a Meow D itchy Kitty 03/20/17 01:41:26 PM
#35059   Could this pose an opportunity for NTGL? AlanC 03/20/17 11:25:50 AM
#35058   So you are claiming that all $10 of Meow D itchy Kitty 03/17/17 07:46:02 PM
#35057   Down big time KittP 03/17/17 07:37:19 PM
#35055   FINRA short sales of NTGL AlanC 03/16/17 05:50:10 PM
#35054   Down big time KittP 03/16/17 03:58:05 PM
#35053   Has to be institutional buying. chainma1l 03/16/17 03:51:14 PM
#35052   LOOK AT THE EARTH-SHATTERING VOLUME OF THIS BLUE Coyle 03/15/17 09:04:16 PM
#35051   Down big time KittP 03/15/17 04:48:31 PM
#35050   $$ N-TGL $$ !!! Word on the street KittP 03/15/17 04:47:57 PM
#35049   $$ NTGL $$ FANTASTIC !!! Word on the THE_BAMFACTSTER!! 03/14/17 10:46:26 PM
#35048   Down big time KittP 03/14/17 05:56:54 PM
#35047   Foolishly investing in Company that already went bankrupt Meow D itchy Kitty 03/14/17 09:12:11 AM
#35046   "I am accumulating on my own since all shajandr 03/14/17 03:03:46 AM
#35045   With huge volume too. You know a stock Meow D itchy Kitty 03/14/17 12:01:27 AM
#35044   Down big time KittP 03/13/17 08:19:00 PM
#35043   Those shares do not exist. Thus, you will Coyle 03/12/17 10:58:17 AM
#35042   Those shares will play a huge role in AlanC 03/12/17 08:33:53 AM
#35041   How are those "free ntek shares" working out Coyle 03/11/17 07:04:26 PM
#35040   Down big time KittP 03/10/17 01:44:36 PM
#35039   AlanC: 1. What is your understanding of the difference shajandr 03/09/17 11:34:03 PM
#35038   FINRA short sales of NTGL AlanC 03/09/17 06:15:58 PM
#35037   Down big time KittP 03/09/17 01:39:29 PM
#35036   The non-existent shorts are not worried. Coyle 03/09/17 09:04:07 AM
#35035   Not a share to be had and shorts AlanC 03/08/17 05:45:40 PM
#35034   FINRA short sales of NTGL AlanC 03/08/17 05:41:40 PM
#35033   Down big time KittP 03/08/17 04:16:14 PM
#35032   You will never, ever see those shares. Coyle 03/07/17 09:49:55 PM
#35031   Sounds great Alan. Goodbuddy4863 03/07/17 06:07:53 PM
#35030   Goodbuddy: All real shares long gone. AlanC 03/07/17 06:05:55 PM
#35029   Shorts just can't keep a great stock down. Goodbuddy4863 03/07/17 06:00:40 PM
#35028   FINRA short sales of NTGL AlanC 03/07/17 05:58:57 PM
#35027   Down big time KittP 03/07/17 05:11:42 PM
#35026   I like that. Goodbuddy4863 03/06/17 11:34:55 AM
#35025   Not a real share to be had! AlanC 03/06/17 11:12:11 AM
#35024  Restored FINRA short sells of NTGL Goodbuddy4863 03/03/17 07:06:52 PM
#35023   ntgl down big time. KittP 03/03/17 04:26:04 PM
#35022   NTGL is just another Foley scam. jwilson111 03/02/17 11:06:08 PM
#35021   Finra Short sales on NTGL Goodbuddy4863 03/02/17 07:49:26 PM
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