CORRECTION: NANOTECH STRENGTHENS COMMERCIAL BUSINESS WITH ACQUISITION OF MAGICSCREEN3D
July 20 2013 - 10:00AM
OTC Markets
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.
# # #
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
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