NTEK explodes out of Sub Penny Land!
Update: Since exploding out of sub penny land earlier this year NTEK has continued to make highly explosive moves recently seeing highs of $0.1395. Currently exploding over $.17 the stock is marked by huge volume and continued massive accumulation of the common stock.
On July 16 NTEK announced that it has selected the NVIDIA(R) Tegra(R) 4 mobile processor as the basis for its new 4K Ultra HD players. Incorporating 72 custom NVIDIA GeForce(R) GPU cores and the first quad-core ARM Cortex-A15 CPU, Tegra 4 delivers record levels of performance and battery life, along with outstanding graphics.
"After evaluating the market and looking at the competitive landscape, the decision to upgrade our processor to NVIDIA's Tegra 4 was simple," stated Jeffrey A. Foley, NanoTech CEO. "Tegra 4 offers native 4K video support in hardware, including support for security and digital rights management with features including HDCP. Beyond 4K, the power of the NVIDIA processor helps us deliver a world-class experience with games, web browsing and a variety of other optimized apps."
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original article: Shares of NanoTech Entertainment, Inc. (PINK: NTEK) have exploded since the beginning of September from its triple zero low's to recent highs over $0.02 Investors who bought in December are already sitting on huge profits.
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.
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.
NTEK has made some significant announcements in recent weeks including a a partnership agreement to launch the upcoming Que Pasa TV channel. Que Pasa TV will provide Latino centric programming including local Latino community programming, On-Demand viewing of Latino cultural shows and movies, and Streaming of Live events including concerts.
Miguel Santana, co-founder of Que Pasa TV stated "The NanoTech team was able to quickly build a prototype of the Que Pasa TV channel for us and demonstrate the flexibility and configuration options we would need to launch our channel,"
On January 25 NTEK announced that it has completed the first phase of a plan to buy back shares of its common stock. The NanoTech Board of Directors had previously authorized a share repurchase program under which the company plans to repurchase a total of roughly 25% of its outstanding common stock on the open market or in privately negotiated transactions. The program identified two stages, whereby a total 75 million shares would be acquired in phase one and 120 million shares would be acquired in phase two.
Conclusion: NTEK has seen some important developments over the last few months the likes of which are rarely seen on the OTCBB. The stock is technically sound and still trades very close to its historical lows. Short term it looks as if NTEK will go much higher; it’s got big news, positive investor sentiment, volume and momentum on its side. Long term is a different story entirely.
To get the inside scoop on NTEK subscribe to OTCMagic.com right now. Also everyone should know, we have something HUGE coming!
NanoTech Entertainment, Inc. (PINK: NTEK) was initially formed in 2004 as the Aldar Group focused on breeding and racing of Thoroughbred racehorses. In February 2008 Aldar Group went public under the Symbol ALDJ.
Formerly=Aldar Group, Inc. until 6-2009
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