NanoTech Gaming Inc (NTGL)

[WhatsCookin]

Bigcue, I agree with you that we can't rely on just the Hoover reporting for revenue and employee estimates. However, at this time, I am finding that the Manta database of companies is reporting the same information for both Cetek Inc and Cetek Technologies as Hoovers, and even has a revenue estimate of 10-20 million. I will err on the conservative side and say that 10 million is believable after looking at the revenue growth in that 15c2-11 all those years ago. And as far as employees I'm pretty certain that Hybrid-Tek has maintained roughly 12 employees, and according to one of Hilal's secretaries that quit from a couple years back, she told me they had 21 employees at Cetek at that time. Also, the Manta link shows the years in business as 21, so that information is current, given that Cetek was started in 1989. I would assume that both Hoovers and Manta have access to the corporate tax records or other public records in Dutchess county or the State of New York to publish these numbers.

So here is the link to the Manta database for Cetek Inc: http://webcache.googleusercontent.com/search?q=cache:Y9zrn-pmx04J:www.manta.com/c/mmy4q21/cetek+%22Revenue+%22+%22cetek+Inc%22&cd=2&hl=en&ct=clnk&gl=us and here is the Manta link for Cetek Technologies: http://www.manta.com/c/mt1lfgx/cetek-technologies-inc Here is the Hoovers' link showing the rank of Cetek Inc and Cetek Technologies as manufacturers in Poughkeepsie and you can access the individual information by clicking on the Cetek links: http://webcache.googleusercontent.com/search?q=cache:bfKbkGZKY4MJ:www.hoovers.com/companyindex/New_York/Poughkeepsie/Manufacturing-1.html+Cetek+Technologies+New+york+taxes+paid&cd=16&hl=en&ct=clnk&gl=us

Finally, I ran across one additonal link which I found interesting from a couple of perspectives. It is the SEC 8-k and accompanying exhibits that were filed regarding the bankruptcy of TVI Corp on July 1, 2009. Now you may ask what this has to do with Cetek? Well, here's the link http://www.secinfo.com/d11MXs.s18ew.a.htm?Find=cetek&Line=13654#Line13654 (Its on document 5 Exhibit 99.4 Page 5 or just use the find with "Cetek") and it turns out that one of the subsidiaries of TVI Corp called Safety Tech International had an account receivable at that time with none other than Cetek Inc, not Cetek Technologies, for $4,840.20. Here's the link to their webpage: http://webcache.googleusercontent.com/search?q=cache:dQ-1FROG8SwJ:www.safetytechint.com/services.php+safety+tech+international&cd=2&hl=en&ct=clnk&gl=us Apparently, Hilal purchases air purifying respiratory equipment for use in his manufacturing facility. Besides the fact that the receivable is recorded as owed to Cetek Inc, I thought it was noteworthy that Hilal was purchasing some relatively expensive equipment for his workers. Heck, you could buy back $48,402,000 shares with that money. Even 20 cents buys back 2000 shares...lol

Bigcue, I sure as heck don't understand why there is a Cetek Inc and Cetek Technologies, and why Cetek Inc is apparently incorporated in New york. But the fact that they are listed under the same address makes me feel that it is little more than an accounting gimmick that Hilal is using, probably for tax purposes. So unless you have some further thoughts, I see nothing nefarious where he would be trying to funnel all of the profits away from the shareholders in Cetek Technologies. The biggest problem I'm seeing with it is that it makes the Google searches more complicated and that there is another small Cetek Inc in Iowa, which you have to filter out of the searches.