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NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Heats Up 0
BY PAUL KNAG ON DECEMBER 26, 2015 MEDIA & TECHNOLOGY, MICRO CAP INSIDER
NanoTech Entertainment, Inc. (OTCMKTS:NTEK) is making an explosive move up off its $0.0036 lows after the Company issued a letter to shareholders announcing they increased their 4K Ultra HD library offering by 4 times including major studio offerings increasing in the past year from 10 titles to over 1,000 titles.
NTEK does have a very large following that remembers the explosive run this one made in late 2013 and early 2014 that ran as high as $0.17 a share. But NTEK has been dropping steadily since then as dilution rains the day.
NanoTech Entertainment, Inc. (OTCMKTS:NTEK) is a pioneer in bringing the most visually stunning streaming TV experience to consumers focused on all aspects of the entertainment industry. The Company has created a number of products including the Nuvola NP-1 which is the world’s first streaming media player that supports 4K UltraHD movies.
NanoTech’s Nuvola NP-1 is the world’s first streaming media player that supports 4K Ultra HD movies. Connect via Ethernet or Wi-Fi to any network with 6Mbit/s or greater1 and start watching TV in Ultra High Definition. Nuvola can stream 4K Ultra HD movies and videos from a variety of sources including the bundled NanoFlix UHD channel.
NTEK operates a 4k movie streaming service called Ultraflix that they hope becomes the Netflix of Ultra HD. The main obstacle seems to be lack of quality content but this is changing as more studio’s embrace the new format.
UltraFlix says they already have 500 hours of 4K content, including films from the MGM library, 34 IMAX documentaries, 50 rock concerts, and 100 hours of free content and its already bundled with the new T.Vs from Hisense, Samsung, Sony or Vizio with the UltraFlix app. It has generated positive reviews and took home the Envisioneering Innovation and Design Award at the ShowStoppers event held during the 2015 International CES.
in August NTEK said it signed a licensing agreement with Paramount Pictures that will give UltraFlix users access to over 950 films. The award-wining UltraFlix network will begin offering the extensive catalog of titles starting September 1, 2015. This significant agreement will further establish UltraFlix as the leading provider of the best quality content of any streaming network.
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Paramount’s expansive library boasts many of the most beloved classics, blockbuster hits and fan favorite franchises in cinema history. UltraFlix users will be able to access a world-class array of films including Academy Award® winners like Chinatown, Forrest Gump, Saving Private Ryan and The Godfather; sci-fi hits such as Star Trek (2009), War of the Worlds, Transformers, and Minority Report; action-packed thrill-rides like Mission: Impossible, World War Z, The Hunt for Red October and Top Gun and the list goes on from there.
In a letter to shareholders on December 17 NTEK BOD and new interim CEO Jeff Foley updated on current events. According to NTEK current valuation is not indicative of the actual business operations and the many major accomplishments the company has experienced with its flagship UltraFlix network.
Accomplishments include releasing support for several new high profile hardware platforms, Being a featured app on Roku, Vizio and Sony TV’s, Increasing the library offering by 4 times including major studio offerings increasing in the past year from 10 titles to over 1,000 titles. Establishing exclusive distribution of 4K Ultra HD Movie Offerings from Major Studios including several new releases such as Terminator Genisys and releasing original content with major partners such as the San Francisco 49ers
On December 18 NTEK announced UltraFlix is now offering everyone with a 4K TV the opportunity to load up their 4K library this Holiday Season. UltraFlix, now available on Samsung, Sony, Vizio, Roku 4 and Android Devices, has been growing in leaps and bounds over the past few months. In the spirit of the season, all new and existing users can take advantage of the following Holiday Specials that include 10 rentals for $24.992. 25 rentals for $49.99 and 99 rentals for $99.99
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Currently trading at a $10.8 million market valuation NTEK has over $9 million in assets and 2.5 million in debt including convertible debt that will lead to dilution and growing revenues. NTEK sits at the ground floor of the rapidly growing UltraHD/4k space and just increased their 4K Ultra HD library offering by 4 times including major studio offerings increasing in the past year from 10 titles to over 1,000 titles. NTEK also knows how to market itself and has been very successful in gaining a large shareholder base that believes this one goes higher. We will be updating on NTEK when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NTEK.
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