Deal with MGE provides American Classic Library for NanoTech Viewers SAN JOSE, Calif., July 1, 2013 /PRNewswire/ -- NanoTech Entertainment (OTCPINK: NTEK) announced that it has entered into a licensing agreement with MGE, Inc., distributors of one of the largest libraries of classic DVDs. As part of the agreement, NanoTech will distribute the library on its OTT/IPTV network to customers around the world. The library features many great films including American Classics, Westerns, Horror, Musicals, Family, Cartoons, Comedy, Sci-Fi, Camp Classics as well as many classic TV Series. NanoTech will be bringing the MGE Library to IPTV/OTT markets including players such as the Roku and NanoTech's own Nuvola NP-1 4K UltraHD streaming player.
"NanoTech has a great delivery platform and has established itself as one of the leaders in the IPTV/OTT market. We are excited to expand the reach of our library with NanoTech. We are looking forward to continuing to work with NanoTech on expanding their offerings as well as helping establish them as a premier provider of content on current platforms as well as the new upcoming 4K UltraHD platforms," said Arthur Mrozowski, CEO of MGE.
Jeffrey A. Foley, CEO of NanoTech, added, "This agreement helps continue our strategy of expanding our TV offerings with world class content." Foley continued, "We're sure our viewers will enjoy classic movies such as The Last Time I Saw Paris; TV Shows including Bonanza and The Beverly Hillbillies; and movies that feature such well known stars as Elizabeth Taylor, Gregory Peck, Cary Grant, Audrey Hepburn and more. MGE's extensive library of will help us continue to offer compelling content as we continue to provide our customers with the Future of Television."
About NanoTech Entertainment Headquartered in San Jose, CA, NanoTech Entertainment is a 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.
"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, Nuvola NP-1, and NanoFlix are trademarks 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
SOURCE NanoTech Entertainment
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