QualityStocks would like to highlight
NanoTech Entertainment, Inc. (
OTCBB: NTEK), a conglomerate of entertainment companies focused on leveraging technology to deliver state-of-the-art entertainment and communications products. The company’s team is comprised of senior individuals who have been in the entertainment industry for more than 20 years and have a long track record of creating successful products. The company is engaged in all facets of the entertainment industry, operating through five technology businesses that encompass 3D, gaming, media & IPTV, mobile apps, and manufacturing. Their strategy is to find profit potential in specific technology segments with room for future growth, such as the IPTV market.
In the company’s news,
NanoTech Entertainment has positioned itself for maximum growth with the developing IPTV market. iDate recently projected an increase in global video and TV revenues to $648 billion in 2017 from revenues of $526 billion last year. The firm’s research suggests that while cable will continue to have an upper hand in the industry, it will lose subscribers to IPTV providers, which is expected to be used in approximately 8.5 percent of TV households in the next four years.
NTEK’s entrance into the emerging IPTV market is through its NanoTech Media unit, which leverages cloud-based servers to enable worldwide optimized delivery of NTEK programming. The business unit is focused on developing a variety of technology and content published on the Roku, Samsung Smart TV, and other TV platforms, with options for smartphones currently in the works.
The business strategy thusfar is paying off. For the quarter ended June 30, 2013, NTEK recorded record quarterly sales of $818,185, beating projections by 10 percent, and posting its turn to profit with net income at $172, 644. Company CEO Jeff Foley in a press release attributed the increase in sales to expansion within the gaming and media industries, and forecasts continued growth as the company executes its plan to increase the number of streaming TV channels it offers.
Director Ted Campbell offered similar sentiment, saying, “We are very optimistic about our future strength as we continue to improve the balance sheet combined with our reduction in share overhead. We believe that we have entered a new phase for NanoTech, strengthening the company and putting it firmly on solid ground.”
About QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for The QualityStocks Daily Newsletter, please visit www.QualityStocks.com
To connect with QualityStocks via Facebook, please visit http://Facebook.com/QualityStocksPage
To connect with QualityStocks via Twitter, please visit http://Twitter.com/QualityStocks
Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
