SAN JOSE, Calif.--(BUSINESS WIRE)--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.
