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NanoTech Entertainment (NTEK) Completes Further Reduction of Nine Percent of Its Common Stock

By Emmittonley(view all posts by Emmittonley)
at 22:23 PM Monday 5 August, 2013
under General

At the 2013 shareholders meeting Director Ted Campbell announced a continuation of the effort. Campbell noted, Early on, NanoTech had leveraged its ability to finance the company through a series of convertible debentures. Now that we have moved out of the R&D phase and have several products gaining traction in the market, we are shifting our focus to continually increase shareholder value. Campbell added, by continually reducing our outstanding shares coupled with our ever improving Balance Sheet and Income Statement, we are showing the investment community our long term strength and viability. NanoTech CEO Jeffrey A. Foley stated, In this third phase of the share reduction, we were able to retire over 93 million shares. Some of those shares were used in negotiations with two recent acquisitions of companies and technologies that we had not planned for. Those opportunities just presented themselves a couple of months ago, and we felt that the strategic value justified the use of some of those shares. Those acquisitions coupled with our continuing expansion and growth and efforts to attract the best talent and technology that we can find, means that our net reduction at this time was roughly 46 million shares, or 9% of our issued and outstanding shares. Foley closed by noting We have also reduced our authorized shares from 990 million to 740 million.

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Sony Online Entertainment Integrates Wikia Community in Launch Plans For MMO EverQuest Next

"Our Wikia Stars are among the foremost experts in movies, TV, gaming and fan culture. They are uniquely positioned to help studios and publishers create next generation content and gameplay." "At SOE, we're always looking for ways to empower our players and deliver new opportunities that allow them to engage with our games and each other in a meaningful way," said Laura Naviaux, Senior Vice President of Global Sales & Marketing, Sony Online Entertainment. "As the first game company to partner with Wikia to create a Wikia Official Community, we believe in supporting player communities and see community collaboration as a key pillar in how we're moving forward as a company. Wikiajoined us at this year's SOE Live event with the debut of The Lab so our players were the first to learn how to best take advantage of the Wikia platform and player community." The Lab will serve as the starting place for long lead activations and custom co-development programs and will united states kick off with members from Wikia's Stars program. Established in 2012, Wikia Stars are a select group of individuals from around the world who are being acknowledged for their exceptional learn more leadership and .. [read more] influence within their individual communities. Demand for the program is strong; by the end of the year Wikia anticipates involvement from over 100 fan leaders with profound skills in various areas such as content creation, social media, community administration, design, code and overall ingenuity.

Regal Entertainment Group Invites ?Sharknado? Fans to Tweet Reactions During a Special Event at Regal L.A. LIVE

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