SAN JOSE, Calif., March 25, 2013 /PRNewswire/ -- NANOTECH
GAMING LABS, a division of NANOTECH ENTERTAINMENT (OTCPINK: NTEK),
wrapping up a successful three day Amusement Expo 2013 today
announced the debut of its second Video Redemption Game,
MASHER. Built on the same redemption gaming platform use for
Jumper, Masher will expand the offering of video redemption and
skill with prize offering machines from NanoTech.
Jeffrey A. Foley, CEO of NanoTech,
commented, "Our Gaming team had a very successful Amusement Expo
2013 where we met with many customers and distributors. While
a preview of Jumper was on display, we were also able to show
Masher in a private setting away from the show floor to several
people." By leveraging the same platform, manufacturing costs
for this second game are substantially reduced.
David Swanson, Vice President of
Operations, noted, "We had several meetings with customers and
other manufacturers who were looking for solutions for their games
and will be using NanoTech products to help solve their
problems. We have a line of I/O boards and Amplifiers that we
developed for our games, but that we also offer to other companies
who don't have the expertise in house to develop such
components." By leveraging its unique designs, NanoTech has
been able to create a secondary revenue stream from its internally
developed components. Foley added, "We not only see a cost
savings by being able to produce our components in larger
quantities, but we help to provide a standard interface by which
multiple manufacturers in the industry will develop their games
around. By selling these products we will increase our
revenues while having no increase in overhead costs."
The Amusement Expo is a focal point for the Coin-Op industry -
serving as a showcase for the latest new equipment for the trade;
providing hands-on information for buyers and sellers of the
industry; and acting as the primary face-to-face conduit between
trade partners in the coin machine business. Like many industry
trade events, the AMOA Expo is the annual business barometer for
the marketplace it serves. For those who need to keep abreast of
the latest developments or want to maintain valuable contacts with
fellow coin machine business men and women, the annually-conducted
Expo was the place to be.
Foley closed stating, "We had forecasted our Ticker based games
to generate several million in gross revenues and over a million
dollars in profits for 2013 prior to attending the Amusement
Expo. We were able to secure several new partnerships,
including new manufacturing and distribution partners. We
expanded our presence in the market by accepting the invitation to
be a charter member of the DNA association. Finally, our team
was able to welcome several of the NanoTech investment community
members to the show, view our products and meet our team face to
face. We are very excited about the NanoTech Gaming Labs
first industry show."
About NanoTech Entertainment
Headquartered in San Jose,
CA, with US operations in NV, MA, along with India and China, NanoTech Entertainment is a global
technology company that focuses on all aspects of the entertainment
industry. With three business units, focusing on Gaming,
Media & IPTV and Mobile Apps, 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 Communications develops and sells
proprietary apps and technology in the Mobile and Consumer
space. 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.
NanoTech Entertainment (OTCPINK: NTEK) trades on OTC Pink, the
open marketplace for a wide spectrum of equity securities.
Investors can find real-time quotes and market information at
www.otcmarkets.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 is a trademark of NanoTech
Entertainment, Inc. All rights reserved. All other marks are the
property of their respective owners. "The Future of
Television" is a service mark of NanoTech Entertainment, Inc., All
Rights Reserved
Contact: Denise Clifford
Phone: (702) 518-7410
Email: denise@nanotechent.com
SOURCE NanoTech Entertainment