Shares of NanoTech Entertainment Inc (OTCMKTS:NTEK) went on a bull run back in March as investors got excited about its streaming video app becoming available on Android and iOS devices phones and tablets sold over the past three years. But like many OTC stocks, constant dilution has weighed on the share price and driven shares back down to the lows. It's a simple matter of economics where there are more shares for sale than there is demand. Now shareholders are looking for a sustainable bounce and hoping shares get back to March levels.NanoTech Entertainment is a technology company that focuses on 4K media procurement, production, processing and delivery. NanoTech's solutions includes the world's first 4K Ultra HD streaming service which is now found on most major 4K TV and OTT Streaming Devices. Nanotech's 4K Studios creates digital 4K Ultra HD content using both licensed materials as well as original productions.NanoTech’s UltraFlix offers the world’s largest library of 4K Ultra HD content. UltraFlix is a streaming network that enables users to choose from a library of pristine 4K Ultra HD VOD content in a broad range of categories which include hours of free content. UltraFlix has also become the preferred 4K set-top box and Smart TV App for leading 4K Smart TV manufacturers including Samsung, Sony, Vizio, HiSense and others that are in the process of completing their testing and integration.
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.
In spite of dilution, NTEK has accomplished quite a bit over the past year. Among the company’s accomplishments include releasing support for several new high profile hardware platforms; being a featured app on Roku, Vizio and Sony TV’s; increasing the library offering by 4 times including major studio offerings increasing in the past year from 10 titles to over 1,000 titles; establishing exclusive distribution of 4K Ultra HD Movie Offerings from Major Studios including several new releases such as Terminator Genisys; releasing original content with major partners such as the San Francisco 49ers; customer base growth over 1000% including a recent 10 times month over month growth during the past 2 quarters and on track to hit One Million Users in 2016; establishing UltraFlix as the source for the best quality versions of any movies available by any consumer network; and being featured in store promotions with major brands including Sony, Roku and Vizio.The latest news from the company is that UltraFlix is now available on the Roku 2 and Roku 3 HD streaming set top boxes. NTEK claims that leveraging NanoTech's 4K Studios best in class proprietary mastering and encoding technology UltraFlix delivers the highest quality video optimized for HD TVs. NanoTech Vice President Philip Foley said:
"Roku HD users are blown away at the quality of our HD streams being delivered to their devices. Not all HD is the same, and by starting with the highest quality master files available, UltraFlix streams are visually superior to those delivered by other services."
Currently trading with a market cap of $2.27 million, NTEK remains at the forefront of the rapidly growing UltraHD/4k space. We believe the company needs to be more aggressive with its press releases as NTEK did not release any news for April and May. This lack of news added to the selling pressure as investors unloaded on the back of no news. We will be updating Insider Financial as soon as we know more. For continuing coverage on NTEK, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in NTEK and have not been compensated for this article.
Discover Hidden Gems
Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.
