NanoTech Entertainment Inc (NTEK)

[2bornot2b]

I have to hand it to the IR person (Lorraine) who responded to my questions at 3:48 AM (her time). I've corrected some typos for clarification purposes.

>>(1) Would you please provide me with the name of the County and State where Worldwide Global Entertainment is/was registered prior to it's acquisition by Nanotech Entertainment?

WGE is a Delaware Corporation

***(Tried Checking for Worldwide Global Entertainment as well as WGE at:
http://www.courts.delaware.gov/tradenames/JICKioskSearch.aspx and
https://delecorp.delaware.gov/tin/controller) No records found. There was a listing for W.G.E. LLC with an Incorporation Date of 05-16-2013****

>>(2) Can you tell me whether or not it is true that: "The Company has an employment agreement with one of its remaining founders, David Foley, who, as part of the employment agreement has provided the gaming properties and intellectual property being used by the company for the core of its product offerings.. The Annual salary has been decreased by $340,000 from the original agreement from 2007, and is payable in the form of $210,000 in cash and 2,250,000 in stock on an annual basis." emphasis mine

Everything in our financial statements is true.

>>(3) It's been stated that Nanotech Entertainment hasn't filed certain SEC filings since sometime in 2012 or earlier. Could you please explain why this is case (if true) and for what reasons that would be the case and whether that is expected to change, and if so, when and why?

We are not required to file anything with the SEC. We have filed all of our required filings with the OTC Markets. If you wish to find our most recent filings, you can go to www.otcmarkets.com, enter our symbol, NTEK, and look under Disclosures and Filings.

>>(4) Is NTEK still making $16,000 payments regarding the horse boarding rent, etc. thru the end of 2013?

NTEK does not make payments for horse boarding, and has not since we merged with Aldar Group in 2009.

(5) (a) It's been stated the company has approximately $5,000,000.00 of debt/deficit. Has the company "wiped out" 'all' its debt/deficit and if not, what amounts remain of the company debt/deficit?
"During the year ended June 30, 2013, the Company incurred net losses totaling $309,416 resulting in total accumulated deficit of $5,142,373 with a Total Shareholders’ deficit of ($286.082) at June 30, 2013."

Debt and Accumulated Deficit are not synonymous. http://en.wikipedia.org/wiki/Retained_earnings has an explanation of accumulated deficit. The company carries that forward for reduction in future taxes.

>>(5) (b) What is meant (with some specificity please) by "Total Shareholders' deficit of ($286.082) at June 30, 2013."

See above information about the definition of accumulated deficit.

>>(6) Does NTEK have an agreement in place to resell more of the BrightSign.biz product line than what has been shown to be case thus far?

We do not disclose the details of our business contracts with the public.


The questions and answers below were sent and received separately.

"Greetings,

Could you please tell me whether or not the company currently has any issued Convertible Debentures?
Also, if there are one or more Convertible Debentures can you please disclose the terms?"

Answer: "We have none at this time."


Thanks for the quick reply. Your positive reputation appears to be well deserved.

I'd like to ask as a courtesy to you, whether or not you have any objections to my sharing our correspondence?

Answer "None.?"