NanoTech Entertainment Inc (NTEK)

[jbirch20]

Given NTEK's limited trading history, yesterday's high volume day only stands to strengthen the company as shares moved into hands of confident investors that believe in our future. The company welcomes the new shareholders and looks forward to a long relationship together. CEO Foley stated, "We are very excited and optimistic about both the shareholder and company growth. This is a great entry point for new shareholders and we will continue to support our base with real company growth and ongoing shareholder communications."

The Board of Directors and Management team is excited about today's activities and increased exposure in the investment community. In January 2012, we set forth our plan in a letter to shareholders as part of our CEO leadership transition. We have made tremendous progress on each and every objective set forth by the new management team including: delivery of value to our customers and shareholders, improved governance and transparency, and most importantly, markedly improved business performance. In just two months, new growth initiatives are already taking hold, and we have delivered approximately $1.5 million of expense reductions and enhanced efficiencies. We look forward to the coming weeks as we continue to grow the business and make more announcements about products, contracts and business deals that will continue to expand the company and provide ongoing rewards for the investors and backers of the company.