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Last Post: 1/15/2017 8:02:24 PM - Followers: 284 - Board type: Free - Posts Today: 0



 

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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#34851  Sticky Note $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 12/10/16 07:21:17 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
#34917   $$ NTGL $$ As I explained before . THE_BAMFACTSTER!! 01/15/17 08:02:24 PM
#34916   What is the place of business? Address please. shajandr 01/15/17 06:06:40 PM
#34915   Hey big spender, short me a dollar worth Meow D itchy Kitty 01/14/17 04:21:44 AM
#34914   FINRA short sales of NTGL KittP 01/13/17 07:39:43 PM
#34913   Okay that is correct but not that far eddy2 01/13/17 03:09:49 PM
#34912   According to some NTGL is shorted as little Meow D itchy Kitty 01/13/17 02:53:42 PM
#34910   You can't short sale a none dividend paying eddy2 01/13/17 12:19:52 PM
#34909   Meow recalls there where times it was claimed Meow D itchy Kitty 01/13/17 11:07:40 AM
#34908   $$ NTGL $$ As I explained before . THE_BAMFACTSTER!! 01/12/17 10:07:11 PM
#34907   Nope, it's Undertaker Avenue. NTGL doesn't have a shajandr 01/12/17 09:42:37 PM
#34906   Yes Still trades. OOPS !! LOL !! Correct - KittP 01/12/17 09:15:12 PM
#34905   ntgl has never filed with the SEC, so KittP 01/12/17 07:36:39 PM
#34904   So $53 bucks in "short sales?" BeverlyH 01/12/17 06:46:29 PM
#34903   $$ NTGL $$ Street is EAZY Street ..... THE_BAMFACTSTER!! 01/12/17 06:17:45 PM
#34902   FINRA short sales of NTGL AlanC 01/12/17 05:47:02 PM
#34901   And that street is SKID ROW. shajandr 01/12/17 05:21:07 PM
#34900   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 01/12/17 04:09:49 PM
#34899   $$ NTGL $$ I know , that will THE_BAMFACTSTER!! 01/12/17 04:09:26 PM
#34898   If a ceo doesn't do something soon with KittP 01/12/17 02:57:56 PM
#34897   There is no buy back alan, nor is KittP 01/12/17 02:56:35 PM
#34896   Should that happen, those short will lose their AlanC 01/12/17 08:36:42 AM
#34895   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 01/11/17 09:14:44 PM
#34894   bam fact :( chainma1l 01/11/17 06:26:22 PM
#34893  Restored Yup, someone margined close to half a million kbrod1 01/10/17 06:30:38 PM
#34892   FINRA short sales of NTGL AlanC 01/10/17 06:22:17 PM
#34891   $$ NTGL $$ Still Trading and still allowing THE_BAMFACTSTER!! 01/01/17 08:41:59 PM
#34890   NTGL NON TRADING AND FINISHED Ranchersw 01/01/17 08:25:04 PM
#34889   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 01/01/17 08:08:11 PM
#34888   NTEK IN DEFAULT BeverlyH 01/01/17 07:41:39 PM
#34887   $$ NTGL $$ Information is always RIGHT and THE_BAMFACTSTER!! 12/31/16 09:26:52 PM
#34886   The corporation defaulted in Nevada last spring - shajandr 12/31/16 09:19:58 PM
#34885   What is the place of business? Address please. shajandr 12/31/16 09:18:55 PM
#34884   $$ NTGL $$ FACT NTGL Does exist !! THE_BAMFACTSTER!! 12/31/16 09:15:07 PM
#34883   $$ NTGL $$ The Street is Easy street THE_BAMFACTSTER!! 12/31/16 09:12:25 PM
#34882   And that street is SKID ROW. shajandr 12/31/16 09:08:46 PM
#34881   Nope, it's Undertaker Avenue. NTGL doesn't have a shajandr 12/31/16 09:06:40 PM
#34880   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 12/31/16 08:38:56 PM
#34879   $$ NTGL $$ WOW !! 98% of today's THE_BAMFACTSTER!! 12/31/16 08:37:48 PM
#34878   NTEK always lies. It's the nature of the shajandr 12/31/16 04:51:22 PM
#34877  Restored This tells it like it is: "Illegal naked AlanC 12/31/16 03:11:28 PM
#34876   REGSHO's NOT short "sales". Unrelated. "Click-bait" sites like Homebrew 12/31/16 03:01:24 PM
#34875  Restored You are wrong. The numbers I post AlanC 12/31/16 02:54:22 PM
#34874   So the company lied to shareholders? BeverlyH 12/31/16 02:23:56 PM
#34873   Just like I tole y'all - no NTGL shajandr 12/31/16 02:14:27 PM
#34872   Wrong: NOT short sale numbers. FINRA posts them Homebrew 12/31/16 11:59:54 AM
#34870   FINRA short sales of NTGL AlanC 12/30/16 05:52:54 PM
#34869   Longs got Foleyed on Share Distribution Nonsense BeverlyH 12/30/16 04:18:51 PM
#34868   Is this a share printing scam? Investophile 12/30/16 03:21:56 PM
#34867   Why do you care if never owned a MadHatter326 12/30/16 11:55:53 AM
#34866   $$ NTGL $$ Word on the street is THE_BAMFACTSTER!! 12/30/16 11:20:59 AM
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