NanoTech Entertainment, Inc. (OTCMKTS:NTEK) has been on the rise in recent months since hitting lows of $0.0155. The stock has hit recent highs of $0.049 as Investors continue to accumulate this favorite.
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 April 17 NTEK announced it will be exhibiting at the 70th Cannes Film Festival in France. Located at booth #6 at the Prestigious LÃRINS, the UltraFlix team will present demonstrations of its latest 4K Ultra HD streaming technology including a preview of the new features of the upcoming 3.0 release that include Dolby & DTS surround sound, International Subtitles, and HDR support.
CEO Ivan Gulas, who will lead the team at the Cannes exhibition, noted that UltraFlix has built a brand as the market leader in the US direct to consumer streaming of 4K Ultra HD entertainment including Blockbuster studio films. Key to this accomplishment included the forging of relationships with all major Smart 4K TV manufacturers in the US markets to factory install UltraFlix bringing content a simple click away to 4K TVâs. “We are pleased to announce that UltraFlix will soon be factory installed on 4K TV sets sold in Europe, and many other countries around the World” stated Gulas. “Our presence at Cannes heralds our International expansion and will enable us to be in front of filmmakers from around the world and will help us expand our library of International content and award winning films. We are excited for the opportunity to exhibit our peerless streaming capabilities in 4K Ultra HD and HDR to living rooms with 4K TV sets Internationally at the World’s most exclusive film festival.
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Currently trading at a $7 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.