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Last Post: 2/21/2017 10:23:34 PM - Followers: 283 - Board type: Free - Posts Today: 2



 

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
#34850  Sticky Note NTGL WORD ON THE STREET CAN BE SEEN Ranchersw 12/09/16 11:04:40 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
#34993   0% FINRA short sales of NTGL due to Goodbuddy4863 02/21/17 10:23:34 PM
#34992   FINRA short sales of NTGL KittP 02/21/17 06:36:19 PM
#34991   FINRA short sales of NTGL KittP 02/20/17 04:45:47 PM
#34990   FINRA short sales of NTGL KittP 02/19/17 03:50:24 PM
#34989   Copy on the wash Trades Alan. Goodbuddy4863 02/18/17 09:13:47 AM
#34988   Goodbuddy: Be aware that they often try AlanC 02/18/17 08:15:40 AM
#34987   WOW Alan. Goodbuddy4863 02/17/17 06:13:59 PM
#34986   FINRA short sales of NTGL AlanC 02/17/17 06:08:16 PM
#34985   You know..I knew NTEK would go back up Goodbuddy4863 02/17/17 04:19:53 PM
#34984   Goodbuddy: They have no NTGL shares nor AlanC 02/17/17 04:13:40 PM
#34983   WOW ** MOM ** WOW Goodbuddy4863 02/17/17 03:43:47 PM
#34982   FINRA short sales of NTGL AlanC 02/16/17 06:00:59 PM
#34981   FINRA short sales of NTGL AlanC 02/15/17 07:46:50 PM
#34980   $$ N-G-L $$ Word on the street is KittP 02/15/17 07:17:38 PM
#34979   FINRA short sales of NT-G-L KittP 02/15/17 07:16:35 PM
#34978   FINRA short sales of NTGL AlanC 02/13/17 06:49:12 PM
#34977   $$$ NTGL $$$ Very nice day today !! THE_BAMFACTSTER!! 02/13/17 05:17:56 PM
#34976   $$ NTGL $$ amazing !!! Word on the KittP 02/13/17 02:15:17 PM
#34975   FINRA short sales of NT-G-L KittP 02/13/17 02:12:43 PM
#34974   $$ NTGL $$ Word on the street is KittP 02/10/17 12:26:51 PM
#34973   $$ NTGL $$ FANTASTIC !!! Word on the THE_BAMFACTSTER!! 02/09/17 05:22:09 PM
#34972   $$ NTGL $$ Word on the street is KittP 02/09/17 04:14:55 PM
#34971   FINRA short sales of NTGL KittP 02/09/17 04:14:07 PM
#34970   Please post links to the legal requirements to Coyle 02/08/17 10:39:11 PM
#34969   $$$ NTGL $$$ Why certainly it can Happen. THE_BAMFACTSTER!! 02/08/17 06:07:16 PM
#34968   FINRA short sales of NTGL AlanC 02/08/17 05:42:36 PM
#34967   The dividend can't happen and will not happen. Coyle 02/07/17 09:45:15 PM
#34966   FINRA short sales of NTGL AlanC 02/07/17 05:47:19 PM
#34965   http://www.davidrfoley.com/2017/01/20/gaming-labs-is-still-ahead-of-its-time/ theiceman13 02/07/17 11:41:01 AM
#34964   FINRA short sales of NTGL AlanC 02/06/17 05:57:21 PM
#34963   Devastated shareholder commenting about another wishing for a KittP 02/05/17 02:24:12 PM
#34962  Restored $$ NTGL $$ FANTASTIC !!! Word on the THE_BAMFACTSTER!! 02/03/17 11:38:17 PM
#34961   FINRA short sales of NTGL AlanC 02/03/17 09:15:34 PM
#34960   NTGL Word on the street is ........NTGL's sister KittP 02/03/17 08:46:11 PM
#34959   FINRA short sales of NT-G-L KittP 02/03/17 08:45:01 PM
#34958  Restored $$ NTGL $$ FANTASTIC !!! Word on the THE_BAMFACTSTER!! 02/02/17 09:32:05 PM
#34957   NTGL Word on the street is ........NTGL's sister KittP 02/02/17 04:06:22 PM
#34956   FINRA short sales of NTGL KittP 02/02/17 04:05:24 PM
#34955   And that street is Undertaker Avenue. NTGL doesn't shajandr 02/02/17 01:24:19 PM
#34954   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 02/01/17 06:09:29 PM
#34953   Word on the street is ........NTGL's sister company KittP 02/01/17 05:45:04 PM
#34952   FINRA short sales of NTGL AlanC 02/01/17 05:43:10 PM
#34951   Anyone get their free shares yet? Coyle 02/01/17 08:16:29 AM
#34949   FINRA short sales of NTGL AlanC 01/31/17 05:43:10 PM
#34948   The more often you post this information compiled AlanC 01/31/17 09:23:49 AM
#34947   No doubt Homebrew... Nitwit 01/30/17 11:33:41 PM
#34946   Ooops, you posted meaningless short "volume" not short interest/sales. Homebrew 01/30/17 07:17:35 PM
#34945   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 01/30/17 06:59:54 PM
#34944   FINRA short sales of NTGL AlanC 01/30/17 06:23:01 PM
#34943   Word on the street is ........NTGL's sister company KittP 01/30/17 06:06:27 PM
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