I. ROYALTIES The Company has entered into several licensing agreements whereby the Company licenses certain gaming software from various developers.
The Company is responsible for paying royalties to the developers based on product sales. In the event that no product is sold, the Company is also required to pay a minimum royalty in order to maintain exclusivity (i.e., the developer cannot license the same software to the Company's competitors).
Certain developers also require prepayment of royalties that are either offset by future sales, or expire at the end of a calendar year - at which point they are expensed. No sales of the licensed products had occurred during the period ending December 31, 2012.
2. Media – IPTV Market (a) Adam Curry’s Big App Show (b) NanoFlix (c) NanoFlix 3D (d) On the Mike Show (e) BIF Tool (f) Video Conversion Tool (g) Video Extraction Tool (h) Que Pasa TV (i) Stock Watch (j) VODWiz (k) NanoFlix 4KUHD (l) nanoTales (m) nanoBooks (n) Nuvola NP-1 (o) Nuvola NP-C (p) nanoFish (q) nanoSign (r) 3D Crave (s) WineChannel TV
3. Communication Market (a) NanoTweet (b) iFrames (c) iPosters (d) High School Icon
4. 3D Market (a) Magic Screen 3D (b) 3D Content Creation
B. Distribution Methods 1. Gaming: Gaming products are distributed through an established network of distributors and resellers throughout the world. NGL has had long term relationships with these distributors and the method and pricing models are well established.
2. Media: Media products will be distributed in two forms. Original and licensed content will be distributed by direct publication on various delivery platforms such as Roku, Apple TV, Boxee and others.
Media technology will be licensed to third parties that will include it with their publication on these same platforms.
3. Mobile: Mobile products will be distributed directly by publication on the Apple iTunes store and Google Play store. Mobile technology will be licensed to third parties for sale on the aforementioned platforms as well as in the consumer electronics retail space.
C. Any new product publicly announced is market ready for delivery.
D. We will compete against established companies with significantly greater financial, marketing, research and development, personnel, and other resources than us. Such competition could have a material adverse effect on our profitability.
E. Our basic products are intellectual property and we are not dependent on sources and availability of raw materials.
F. We are not dependent on one or a few major customers.
G. Information about intellectual property owned, developed or licensed by us is provide elsewhere in this Report.
LAS VEGAS, Dec. 11, 2012 /PRNewswire/ -- NANOTECH ENTERTAINMENT (PINKSHEETS: NTEK) today announced four new products for 2013, Jumper™, Masher™, Pinball Wizard 2 ™ XBOX® and Pinball Wizard 2 ™ PlayStation®. The new line-up is a mix of games and game controllers featuring some of NanoTech's newest gaming technology.
Dude, how did you get to this message board without scrolling past all the products, shareholders meeting,charts, information, etc. There is tons of due dilligence already available to you. check out Nikodemus posts. I am embaressed for you.
I see you learned the hard way with AW-I- I hate pennies and pinks, but go visit Nanotech in San Jose and look at what they are doing. I was a basher too as I lost a lot in pennies- I even didn't believe this was real back when I bought at 014. I didn't hold. Months later, there is too much that has happened that you couldn't fake.
Not sure if you can see that but its a link i pulled from amazon.com of the nuvola... they are in the process of releasing more products but have been turning out products in a big way just recently. I know what you mean about buying a company with no product- but i guess we all learn our lesson. All i can say is start doing your own DD and look into the filings and then i am sure you will be posting on this board for many months to come.
Ps- Next earnings will reflect the sale of these products. This is literally ground level.