NTEK

NanoTech Entertainment, Inc.

 
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CORRECTION: NANOTECH STRENGTHENS COMMERCIAL BUSINESS WITH ACQUISITION OF MAGICSCREEN3D

Jul 20, 2013

OTC Disclosure & News Service

San Jose, CA -

FOR IMMEDIATE RELEASE

 

Contact:         Christian Hansen

Phone:            (858) 381-4677

Email:            chhansen@nanotechent.com

                 

 

NANOTECH STRENGTHENSCOMMERCIAL BUSINESS WITH ACQUISITION OF MAGICSCREEN3D

 

Glassless 3D Products Expand NanoTech's CommercialMedia Produce Offerings

 

San Jose, CA - July 22, 2013 - NanoTechEntertainment  (OTCPINK: NTEK) announcedthat it has executed a definitive agreement to acquire MagicScreen3D, Inc.,market leaders in the commercial implementation of glassless 3D screentechnology.  

 

Jeff Foley,NanoTech CEO stated "We are excited to add the MagicScreen3D products and IP toour portfolio.  This acquisition willhelp continue our move into the commercial media space."  Carl Wiseman, MagicScreen3D CFO commented "Weare excited to become part of the NanoTech family.  NanoTech has quickly been establishing itselfas a market leader in the media space and has a very forward thinking approachto implementing and deploying the latest technology."

 

Los Gatos, CAbased MagicScreen3D has already rolled out its products with partners includingRed Bull and venues including the Marquee in Las Vegas.  A research study conducted by the Universityof Tilburg revealed that Red Bull advertising content on a glasses-free 3Dmonitors increases customer's attention by almost 45%. Also, the researchindicated a positive impact on the sales (an 8.5% increase) of Red Bullproducts during the 3D advertisement test period. "By giving the viewer a true3D experience while not requiring any glasses allows the MagicScreen3D productsto help quickly captivate viewers," Foley added.

 

Wiseman noted "Our clients have found that the interactivity and amazing 3D graphics producedby our screens helps customers not only engage more quickly, but also increasesinteraction and retention of the subject matter."  MagicScreen3D offers solutions for a varietyof uses including point of sale advertising, retail advertising, promotionalkiosks and creative window displays.

The transaction,which is subject to customary closing conditions, is expected to close by theend of July.

 

About MagicScreen3D

MagicScreen3D provides next-generation solutions to increase userretention and interaction with retail and entertainment products. This enablesbrands to capture customer attention, measure response, and capture return oninvestment data on marketing campaigns. In addition, 3D advertising allows ahigher memory retention level compared to traditional forms of advertising. TheClient provides no-glasses-3D displays designed to stop customers and grabtheir attention thus increasing brand recognition and sales. For moreinformation, please visit:

www.magicscreen3d.com

 

About NanoTech Entertainment

Headquarteredin San Jose, CA, NanoTech Entertainment is a technology company that focuses onall aspects of the entertainment industry. With four technology business units, focusing on Gaming, Media &IPTV, Mobile Apps, and Manufacturing, the company has a unique businessmodel.  The company has a diverseportfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing itstechnology and games, and licensing them to third parties for manufacturing anddistribution in order to keep its overhead extremely low and operationsefficient in the new global manufacturing economy.  NanoTech Media develops proprietarytechnology which it licenses to publishers for use in their products as well ascreating and publishing unique content. NanoTech Communications develops and sells proprietary apps and technologyin the Mobile and Consumer space.  ClearMemories is the global leader in 3D ice carving and manufacturing technology. NanoTechis redefining the role of developers and manufacturers in the global market.More information about NanoTech Entertainment and its products can be found onthe web at www.NanoTechEnt.com.

 

 

"Safe Harbor" Statement: Under The PrivateSecurities Litigation Reform Act of 1995: The statements in the press releasethat relate to the company's expectations with regard to the future impact onthe company's results from new products in development are forward-lookingstatements, within the meaning of the Private Securities Litigation Reform Actof 1995.  Since this information maycontain statements that involve risk and uncertainties and are subject tochange at any time, the company's actual results may differ materially fromexpected results.

 

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The NanoTech Entertainment logo is atrademark of NanoTech Entertainment, Inc. NanoFlix, NanoTales, NanoBooks,Nuvola NP-1, Nuvola NP-C, Nuvola GP-1,Nuvola RF-10 are trademarks of NanoTech Media Corporation. All rights reserved.All other marks are the property oftheir respective owners. "The Future of Television" is a service mark of NanoTech Entertainment,Inc., All Rights Reserved

This release includes additional documents. Select the link(s) below to view.

2013-07-19 - MagicScreen3D Aquistion.pdf

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.