NanoTech Entertainment Appoints Mitch Lowe to Content Advisory Board
January 31 2014 - 11:53AM
Business Wire
Netflix Co-Founder and Redbox Veteran to Expand
NanoTech’s 4K Content Business
NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing
the 4K Ultra HD experience to consumers, announced today that video
rental visionary Mitch Lowe has joined NanoTech and will head up
the Content Advisory Board. Lowe will help with advancing
NanoTech’s major studio relationships as NanoTech expands its 4K
Ultra HD business.
Lowe’s career in the video business started in the 1980’s with
Video Droid, an early movie rental machine that he then sold to a
Japanese ATM company. He then opened a successful chain of video
rental stores, further increasing his knowledge about the video
rental customer experience. Leveraging that experience, he created
a business that built websites for video rental stores.
In 1997, while exhibiting at a tradeshow, Lowe met with Marc
Randolph. Reed Hastings and Marc Randolph, along with Mitch as the
video rental domain expert, created what would become the world’s
premiere video service, Netflix®. After serving as Vice President
of Business Development & Strategic Alliances for Netflix to
2003, Lowe was recruited by McDonalds® to work on a video-rental
service that eventually became Redbox®. Lowe served as Chief
Operating Officer and President of Redbox until October 2011. Most
recently, Lowe has been providing consulting advice for
entrepreneurs and startups.
Lowe stated, “I am very excited about joining NanoTech and
helping them define the next generation of video on demand with
their 4K Ultra HD initiative. Having seen their successful debut of
the Nuvola NP-1 at CES earlier this month, I think NanoTech is
uniquely positioned to deliver The Future of Television.”
“We are honored to have Mitch join our team,” said Jeff Foley,
CEO of NanoTech Entertainment. “His amazing career in the video
business, and his many successful paradigm shifting ideas, have
helped to define how video on demand in consumed today.”
About NanoTech
Entertainment
Headquartered in San Jose, CA NanoTech Entertainment is a
technology company that focuses on all aspects of the entertainment
industry. With six technology business units, focusing on 3D,
Gaming, Media & IPTV, Mobile Apps, and Manufacturing, the
company has a unique business model. The company has a diverse
portfolio of products and technology. NanoTech Gaming Labs operates
as a virtual manufacturer, developing its technology and games, and
licensing them to third parties for manufacturing and distribution
in order to keep its overhead extremely low and operations
efficient in the new global manufacturing economy. NanoTech Media
develops proprietary technology which it licenses to publishers for
use in their products as well as creating and publishing unique
content. NanoTech Media Technology includes the world's first 4K
Ultra HD streaming solution. NanoTech Communications develops and
sells proprietary apps and technology in the Mobile and Consumer
space. Clear Memories is the global leader in 3D ice carving and
manufacturing technology. 4K Studios creates digital 4K Ultra HD
content using both licensed materials as well as original
productions. NanoTech is redefining the role of developers and
manufacturers in the global market. More information about NanoTech
Entertainment and its products can be found on the web at
www.NanoTechEnt.com.
"Safe Harbor" Statement: Under The Private Securities Litigation
Reform Act of 1995: The statements in the press release that relate
to the company's expectations with regard to the future impact on
the company's results from new products in development are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. Since this information
may contain statements that involve risk and uncertainties and are
subject to change at any time, the company's actual results may
differ materially from expected results.
The NanoTech Entertainment logo, UltraFlix and Nuvola NP-1are
trademarks of NanoTech Entertainment. All rights reserved. All
other marks are the property of their respective owners.
Agency Contact:Danielle Blevins,
202-670-4130Dblevins@macstrategies.comorInvestor Contact:NanoTech
EntertainmentChristian Hansen,
858-381-4677chhansen@nanotechent.com
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