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Last Post: 9/28/2016 2:40:30 PM - Followers: 288 - 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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#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
#34653   $$ NTGL $$ Why certainly there is a THE_BAMFACTSTER!! 09/28/16 02:40:30 PM
#34652   To all who reads here: Ntgl is KittP 09/28/16 01:17:10 PM
#34651   $$ NTGL $$ Fact is .....production assistant is THE_BAMFACTSTER!! 09/27/16 03:24:54 PM
#34650   That's shorty conspiracy nonsense. KittP 09/27/16 12:15:24 PM
#34648   Why isn't NTGL at G2E this year? KittP 09/27/16 12:22:29 AM
#34646   $$ NTGL $$ They are working out Great THE_BAMFACTSTER!! 09/26/16 10:35:09 PM
#34645   Nobody is shortin' this dead SCAM Weird·o 09/26/16 09:56:56 PM
#34644   How are the free shares working out? Coyle 09/26/16 09:28:22 PM
#34643   FINRA short sales of NTGL Goodbuddy4863 09/26/16 07:27:07 PM
#34642   Why isn't NTGL at G2E this year? BeverlyH 09/26/16 04:34:50 PM
#34641   Why certainly there is a production assistant !! KittP 09/26/16 11:28:49 AM
#34640   $$ NTGL $$ Why certainly there is a THE_BAMFACTSTER!! 09/25/16 11:40:49 PM
#34639   $$ NTGL $$ NTGL is superb ......info is THE_BAMFACTSTER!! 09/25/16 11:39:39 PM
#34638   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 09/25/16 11:38:57 PM
#34637   $$ NTGL $$ Fact is .....production assistant is THE_BAMFACTSTER!! 09/25/16 11:38:11 PM
#34636   The real volume for the day was 1,014,750 AlanC 09/24/16 08:59:24 AM
#34635   Yeah sure Weird·o 09/24/16 02:45:34 AM
#34634   .0001 no bid here was way above current Weird·o 09/24/16 02:44:11 AM
#34633   NTGL is goin' down... FOLEY got people to Weird·o 09/24/16 02:38:58 AM
#34632   Always... Weird·o 09/24/16 02:38:09 AM
#34631   Why certainly there is a production assistant !! KittP 09/24/16 12:23:50 AM
#34630   LOL!!! That is all TOTAL CRAP. shajandr 09/23/16 10:38:34 PM
#34629   What about the T-Trade Alan? BeverlyH 09/23/16 09:05:04 PM
#34628   FINRA short sales of NTGL AlanC 09/23/16 08:31:27 PM
#34626   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 09/23/16 07:41:04 PM
#34624   1 Million Dump at Low of the Day... BeverlyH 09/23/16 04:41:55 PM
#34622   NTEK's annual report is due next week and Sleepy2016 09/23/16 01:45:15 PM
#34621   $$ NTGL $$ Why certainly there is a THE_BAMFACTSTER!! 09/23/16 01:32:21 PM
#34620   Check the trades! The buys are being AlanC 09/23/16 01:31:47 PM
#34619   Ummm.... that's total crap. Nobody can produce shajandr 09/23/16 01:18:59 PM
#34618   $$ NTGL $$ Fact is .....production assistant is THE_BAMFACTSTER!! 09/23/16 09:48:45 AM
#34616   $$ NTGL $$ NTGL is superb ......info is THE_BAMFACTSTER!! 09/22/16 11:19:16 PM
#34615   What is the current address and phone number shajandr 09/22/16 10:16:35 PM
#34613   $$ NTGL $$ Business is Great !! THE_BAMFACTSTER!! 09/22/16 08:26:26 PM
#34612   BALONEY!! There never was any 'production assistant', and shajandr 09/22/16 02:43:08 PM
#34611   $$ NTGL $$ Why certainly there is a THE_BAMFACTSTER!! 09/22/16 01:26:45 PM
#34610   How's that share dividend working out? Coyle 09/22/16 01:15:24 PM
#34609   LMAO!! FACT IS THERE WAS NEVER ANY 'PRODUCTION shajandr 09/22/16 01:08:47 PM
#34608   $$ NTGL $$ Fact is .....production assistant is THE_BAMFACTSTER!! 09/22/16 11:54:07 AM
#34607   Business is Great !! KittP 09/22/16 11:35:47 AM
#34606   Every sale gets the shorts deeper in the AlanC 09/22/16 09:05:58 AM
#34605   $$ NTGL $$ Can see a little pop THE_BAMFACTSTER!! 09/22/16 08:28:10 AM
#34604   LOLOL!!! There never was any 'production assistant'. shajandr 09/22/16 01:43:27 AM
#34603   $$ NTGL $$ Business is Great !! THE_BAMFACTSTER!! 09/21/16 08:36:53 PM
#34602   $$ NTGL $$ Fact is .....production assistant is THE_BAMFACTSTER!! 09/21/16 08:36:09 PM
#34601   FINRA short sales of NTGL AlanC 09/21/16 05:47:19 PM
#34600   FINRA short sales of NTGL AlanC 09/20/16 08:56:55 PM
#34599   FINRA short sales of NTGL AlanC 09/19/16 08:03:41 PM
#34598  Restored Please post company HQ and contacts... BeverlyH 09/19/16 07:33:34 PM
#34597   Congrats to whoever made the one real trade, AlanC 09/19/16 03:07:29 PM
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