This reads more like a Merger than Joint Venture. New CEO is a good thing.
NanoTech Entertainment and Swig Media LLC Form Joint Venture
Industry Veteran Dr. Ivan Gulas Joins Executive Team as CEO
SAN JOSE, CA â?? January 20, 2017 â?? NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K experience to consumers, announced today that it has entered into a Joint Venture partnership with Swig Media, LLC. Swig Founder and CEO Dr. Ivan Gulas will join the NanoTech team as CEO effective immediately. Gulas has proven history of successful ventures in entertainment and entertainment related technologies. He is an Executive Producer and Producer of films, TV series, new media, and live-to-air sports and concert productions, and is a Member of the Producers Guild of America. Gulas has been repeatedly cited as an innovator in entertainment industry publications, and WIRED Magazine, in a feature article on Digital Hollywood named him as one of the â??25 players who are reinventing entertainmentâ?? in Hollywood.
â??We are excited to have Ivan join the management team at NanoTech,â? stated Jeffrey Foley, NanoTech Chairman. â??His extensive background in all aspects of Movies and Distribution along with his incredible relationships will bring great value to the company.â?
Gulas added â??Iâ??ve enjoyed getting to know the NanoTech team, and have had extensive experience with their award winning UltraFlix network, having partnered with them using UltraFlix on our Swig 4K Ultra HD OTT streaming media stick. I believe that our organizationsâ?? resources, vision and agenda could not be more complimentary. By combining effort, we are firmly positioned to secure market leadership as the destination, and brand, for peerless 4K Ultra HD entertainment globally. Iâ??m looking forward to working together with great enthusiasm.â?
About NanoTech Entertainment
Headquartered in San Jose, CA, the heart of Silicon Valley, NanoTech Entertainment is a technology company that focuses on 4K media procurement, production, processing and delivery. NanoTechâ??s solutions includes the world's first 4K Ultra HD streaming service which is now found on most major 4K TV and OTT Streaming Devices. Nanotechâ??s 4K Studios creates digital 4K Ultra HD content using both licensed materials as well as original productions. More information can be found at www.NTEK.com.
About Swig Media
Swig Media is a â??Next Generationâ?? video streaming provider, offering Company patented and proprietary video streaming and digital distribution services to all screens, including cinemas, with major visual quality and viewer-experience advantages over CDN services. In sharp contrast to CDNâ??s, designed for delivering web content and not effective in delivering video, Swig Mediaâ??s capture and delivery solution is built from ground up to preserve and maintain production visual quality to any device, anytime and anywhere. Swig Media offers â??end-to-endâ??, â??one-stop-shopâ?? distribution and live streaming services. Its cloud based, remotely accessed products and tools, seamlessly merge digital distribution solutions and the business operations of distribution, into a single, user-friendly service. Proprietary and patent Company products can manage every task essential for; Cable TV programming/playout and delivery to Cable TV head ends globally, digital online, â??every screenâ?? distribution (including 24/7 linear channels, SVOD, PPV and Ad supported content), and live-event streaming over IP to Cinemas. More information can be found at www.SwigMedia.com.
