Thursday, August 22, 2013

NanoTech Entertainment, Inc. (NTEK) Wields Strength in Gaming, Media Market Divisions

NanoTech Entertainment is a technology company focused on the convergence of the entertainment industry, executing a business strategy to capitalize on the overlap within the gaming, media, and communication markets.

To achieve this mission, the company operates through three key business divisions: NanoTech Gaming Labs, NanoTech Media, and NanoTech Communications.

NanoTech Gaming Labs operates as a virtual manufacturer of its own technology and games, which it licenses to third parties for manufacturing and distribution, which drastically cuts overhead.

NanoTech Media develops proprietary technology which is licensed to publishers for compatibility within their own products as well as creating and publishing unique content.

The company develops and sells its proprietary apps and technology for the mobile and consumer space through its NanoTech Communications business.

As evidenced by the company’s recent fourth-quarter results, NanoTech’s grasp of the gaming and media markets in particular are paying off. Revenues for the quarter outpaced projections by 10 percent to $818,185 as the company achieved its first quarter of profits at $172,644.

NanoTech CEO Jeff Foley said management anticipates continued growth as the company increases its original and licensed content, further strengthened by new products from each of the three NanoTech divisions.

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