NanoTech Entertainment (NTEK) Announces 2014 Annual Shareholders Meeting – Files Notice of Corporate Action for Dividends
April 04 2014 - 1:14PM
Business Wire
Dividends Distributed in April &
Shareholders’ Meeting in May
NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing
the 4K Ultra HD experience to consumers and businesses, announced
today that it has filed a notice of corporate action with FINRA
declaring a cash dividend.
The Board of Directors of the Company is pleased to announce
that a quarterly cash dividend of US$0.00024 per share has been
declared on the outstanding common shares of the Company. The
dividend is payable in cash on April 25, 2014 to shareholders of
record at the close of business on April 14, 2014. Investors are
reminded to allow sufficient time for the settlement of any shares
purchased prior to the record date, and are encouraged to contact
their investment advisors with any questions in this regard.
"This is our first dividend payment and we expect that the
amount of the payments will increase as we continue to expand our
profit margins," said NanoTech CEO Jeffrey A Foley.
For those shareholders who own shares in a brokerage account,
the Company will be wiring the dividend payment directly to
Depository Trust Corporation or DTC. DTC will allocate and deposit
the aggregate dividend payment among the various brokerage firms
for payment to the shareholder's individual account. This process
generally takes a few business days.
The company also announced that the 2014 Annual Shareholders
meeting will take place at 12:00 p.m. (PDT) on Saturday May 17,
2014 at Casino M8trix located at 1887 Matrix Blvd, San Jose, CA,
95110. The days agenda will include a presentation of NanoTech’s
product line up, a preview of future plans for the company,
re-election of the board of directors, approval of the company’s
fiscal 2015 business plan and any other business as may properly
come before the meeting or any adjournment or postponement
thereof.
The board has fixed the close of business on May 10, 2014 as the
record date for determining the stockholders entitled to notice of,
and to vote at the Meeting or any adjournment or postponement of
the Meeting. At the Meeting each holder of record of shares of
common stock, will be entitled to one vote per share held, on each
matter properly brought before the Meeting.
Foley stated “We are excited to showcase some of our latest
products and technology at the event and have the opportunity to
meet with our shareholders and discuss the future of NanoTech.”
Shareholders are asked to contact NanoTech by emailing
ir@ntek.com and RSVP for the event so that proper accommodations
can be arranged for all attendees.
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.NTEK.com.
"Safe Harbor" Statement: This press release contains
forward-looking statements, including expected industry patterns
and other financial and business results that involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
differ materially from results expressed or implied by this press
release. Such risk factors include, among others: the
sustainability of recent growth rates in of the company; the
positioning of NanoTech Entertainment, Inc. in the market; ability
to integrate both developed and acquired companies and technology;
ability to retain key employees; ability to successfully market
product offerings and customer acceptance of products; general
market conditions, fluctuations in currency exchange rates, changes
to systems and product strategy by vendors of systems; and whether
NanoTech Entertainment, Inc. can successfully gain market share.
Actual results may differ materially from those contained in the
forward-looking statements in this press release. 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, NanoTech Media Logo, NanoTech
Gaming Labs Logo, NanoTech Communications Logo, MagicScreen Logo,
4K Studios Logo, NanoTech 4K Ultra HD logo, UltraFlix, Nuvola NP-1,
Nuvola NP-C, and ProFlix UHD are trademarks of NanoTech
Entertainment. All rights reserved. All other marks are the
property of their respective owners.
Agency Contact:Andy Marken,
408-986-0100Andy@Markencom.comorInvestor Contact:Christian Hansen,
858-381-4677chhansen@nanotechent.com
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