NanoTech Entertainment, Inc. (OTCMKTS:NTEK) is back near its all-time lows since spiking up at the end of March on the HDTV expansion news. Weighing down on NTEK is continued massive dilution resulting in a fast rising AS that has been plaguing this one for years now.
NTEK should consider itself extremely lucky considering the large shareholder base that continues to follow this stock. NTEK does have a history of big moves exploding to $0.17 highs back in late 2013 and early 2014.
NanoTech Entertainment, Inc. (OTCMKTS:NTEK) is a pioneer in bringing the most visually stunning streaming TV experience to consumers focused on all aspects of the entertainment industry. The Company has created a number of products including the Nuvola NP-1 which is the world’s first streaming media player that supports 4K UltraHD movies.
NanoTech’s Nuvola NP-1 is the world’s first streaming media player that supports 4K Ultra HD movies. Connect via Ethernet or Wi-Fi to any network with 6Mbit/s or greater1 and start watching TV in Ultra High Definition. Nuvola can stream 4K Ultra HD movies and videos from a variety of sources including the bundled NanoFlix UHD channel.
NTEK operates a 4k movie streaming service called Ultraflix that they hope becomes the Netflix of Ultra HD. The main obstacle seems to be lack of quality content but this is changing as more studio’s embrace the new format.
UltraFlix says they already have 500 hours of 4K content, including films from the MGM library, 34 IMAX documentaries, 50 rock concerts, and 100 hours of free content and its already bundled with the new T.Vs from Hisense, Samsung, Sony or Vizio with the UltraFlix app. It has generated positive reviews and took home the Envisioneering Innovation and Design Award at the ShowStoppers event held during the 2015 International CES.
in August NTEK said it signed a licensing agreement with Paramount Pictures that will give UltraFlix users access to over 950 films. The award-wining UltraFlix network will begin offering the extensive catalog of titles starting September 1, 2015. This significant agreement will further establish UltraFlix as the leading provider of the best quality content of any streaming network.
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Paramount’s expansive library boasts many of the most beloved classics, blockbuster hits and fan favorite franchises in cinema history. UltraFlix users will be able to access a world-class array of films including Academy Award® winners like Chinatown, Forrest Gump, Saving Private Ryan and The Godfather; sci-fi hits such as Star Trek (2009), War of the Worlds, Transformers, and Minority Report; action-packed thrill-rides like Mission: Impossible, World War Z, The Hunt for Red October and Top Gun and the list goes on from there.
On March 24 NTEK announced UltraFlix, home of more than 1,000 hours of Hollywood movies, top sports and nature documentaries, award-winning TV series and concerts, is preparing to launch on their partners HD line-up of TVs and Streaming Media Players. The streaming video app is also be available to Android and iOS devices phones and tablets sold over the past three years.
UltraFlix HD is very complimentary to the rapidly growing UltraFlix 4K, which is already available on Samsung, Vizio, Sony, HiSense, Sharp, Roku 4 and NVIDIA Shield Android TV. With over 100 million HDTVs and over 500 million phones and tablets shipped in the US over the last three years, UltraFlix HD will have a tremendous market opportunity.
NanoTech has been building its video library for the past two-years. With major studio deals in place, the UltraFlix Library is staged to blast past 1,000 titles this summer. In order to stand out and compete with the major existing content service providers such as Netflix, Amazon and Hulu, UltraFlix will focus on delivering a comprehensive combination of timeless classics, hot new releases, 360 immersive VR, live performances and select exclusive titles to the living room and mobile devices.
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Currently trading at a $4.4 million market valuation NTEK has over $10 million in assets and 2.8 million in debt according to recent filings including convertible debt that continues to lead to massive dilution. Bulls on the stock note that NTEK sits at the ground floor of the rapidly growing UltraHD/4k space and just increased their 4K Ultra HD library offering by 4 times including major studio offerings increasing in the past year from 10 titles to over 1,000 titles. NTEK also knows how to market itself and has been very successful in gaining a large shareholder base that believes this one goes higher. We will be updating on NTEK when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NTEK.
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Disclosure: we hold no position in NTEK either long or short and we have not been compensated for this article.