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Last Post: 4/27/2017 6:33:15 PM - Followers: 281 - 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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#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
#35141   FINRA short sales of NTGL AlanC 04/27/17 06:33:15 PM
#35140   Down big time still again today. KittP 04/27/17 03:17:05 PM
#35139   Wow, less than $1000 worth of traded and kbrod1 04/26/17 07:53:34 PM
#35138   WOW ** MOM ** WOW Goodbuddy4863 04/26/17 05:52:57 PM
#35137   FINRA short sales of NTGL AlanC 04/26/17 05:46:57 PM
#35136   Look at the 2 Day Chart: Goodbuddy4863 04/26/17 03:50:17 PM
#35135   Hmmmm looks good NTGL Jelly rolle 04/26/17 03:38:28 PM
#35133   Please Alan, name a single stock that has underdog150 04/25/17 07:07:53 PM
#35132   Not a real share to be had. AlanC 04/25/17 05:58:05 PM
#35131   FINRA short sales of NTGL AlanC 04/25/17 05:57:21 PM
#35129  Restored FINRA short sales of NTGL AlanC 04/24/17 06:12:33 PM
#35128   FINRA short sales of NTGL AlanC 04/21/17 07:59:13 PM
#35127   $$$ NTGL $$$ Closed even today !! NICE. THE_BAMFACTSTER!! 04/21/17 06:20:45 PM
#35126   Down big time still again today. KittP 04/21/17 05:49:46 PM
#35125   FINRA short sales of NTGL AlanC 04/20/17 06:06:10 PM
#35124   $$ NTGL $$ Green is Green and UP THE_BAMFACTSTER!! 04/20/17 05:27:35 PM
#35123   LOLOL!! On a whopping $49.50 of total trades today! shajandr 04/20/17 05:21:35 PM
#35122   $$$$ NTGL $$$$ Up Again !! OOPS !! THE_BAMFACTSTER!! 04/20/17 04:57:22 PM
#35121   LOL! Thanks for that link, Doc. Those 11 DrContango 04/20/17 03:26:29 PM
#35120   LOL! Thanks for that link, Doc. Those 11 shajandr 04/20/17 02:45:46 PM
#35119   ahigh had to sell the table for under KittP 04/20/17 12:32:38 PM
#35117   LOL! NTEK and NTGL are truly 'life-changing' pennyscam stocks. shajandr 04/20/17 04:34:28 AM
#35116   BENNY, DAVEY, JEFFY, AHIGH DrContango 04/20/17 02:55:13 AM
#35115   He blew tens of thousands of dollars for DrContango 04/20/17 02:30:19 AM
#35114   FINRA short sales of NTGL AlanC 04/19/17 05:56:18 PM
#35113   Remember when Aa... aaa... aa... aaron Highballwatertower was shajandr 04/19/17 05:23:10 PM
#35112   AND A FEW WORDS FROM AARON... DrContango 04/19/17 12:54:49 AM
#35111   FINRA short sales of NTGL AlanC 04/18/17 09:20:43 PM
#35110   Not a real share to be had. AlanC 04/18/17 07:58:14 AM
#35109   $$$$ NTGL $$$$ Up Again !! OOPS !! THE_BAMFACTSTER!! 04/18/17 01:00:52 AM
#35108   FINRA short sales of NTGL AlanC 04/17/17 05:49:40 PM
#35107   NTGL CEO - the departed, room temperature Al Stone(d). shajandr 04/17/17 05:06:11 PM
#35106   Al Stone, a dead guy, is still ceo, KittP 04/17/17 04:24:51 PM
#35105   Down big time still again today. KittP 04/17/17 04:09:24 PM
#35104   Aaa... aa... aaa... aaron is getting reddy to shajandr 04/17/17 03:14:04 PM
#35103   "STILL MISSING AARON" shajandr 04/17/17 02:43:29 PM
#35102   STILL MISSING AARON... :-( DrContango 04/17/17 08:24:52 AM
#35101   I MISS AARON!!! DrContango 04/16/17 03:15:30 AM
#35100   Down big time still again today. KittP 04/13/17 03:36:48 PM
#35099   LOL@ this zombie ticker. shajandr 04/13/17 09:51:50 AM
#35098   $$$$ NTGL $$$$ Up Again !! OOPS !! THE_BAMFACTSTER!! 04/13/17 12:24:03 AM
#35097   FINRA short sales of NTGL AlanC 04/12/17 07:38:15 PM
#35096   "margin call" Coyle 04/11/17 08:56:02 PM
#35095   Down big time still again today. KittP 04/11/17 06:10:38 PM
#35094   FINRA short sales of NTGL AlanC 04/10/17 05:47:14 PM
#35093   Down big time still again today. KittP 04/07/17 05:10:53 PM
#35092   FINRA short sales of NTGL AlanC 04/06/17 07:08:23 PM
#35091   I CAN'T EVEN BELIEVE THIS POS SUBSIDIARY SCAM Ranchersw 04/06/17 03:14:36 AM
#35090   FINRA short sales for NTGL AlanC 04/05/17 05:49:19 PM
#35089   Too funny! They walked down the price AlanC 04/05/17 02:58:06 PM
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