SAN JOSE, Calif., April 7, 2015 /PRNewswire/ -- NanoTech
Entertainment (OTCPINK: NTEK), a pioneer in bringing the Ultra HD
experience to consumers, announced today a licensing
agreement with Paramount Pictures that will bring the explosive
global hit "G.I. JOE: RETALIATION" to UltraFlix™, NanoTech's all
Ultra HD network. Under the agreement, the film will be
available in Ultra HD beginning in April
2015.
Called "a stunning, high-flying, super-charged blast of fun"
(Shawn Edwards, FOX-TV), the $375+
million worldwide blockbuster "G.I. JOE: RETALIATION" explodes in
Ultra HD on the UltraFlix network this month. "Born to play a
G.I. JOE" (Scott Bowles,
USA Today), Dwayne Johnson embodies ROADBLOCK and he and
Channing Tatum "are a match made in
action flick heaven" (James Oster,
JoBlo.com) in this "cool ride" (Richard
Corliss, Time) that is "awesome times 10!" (Shawn Edwards, FOX-TV). From Paramount
Pictures and Metro-Goldwyn-Mayer Pictures, "G.I. JOE: RETALIATION"
also stars action legend Bruce
Willis as the original G.I. JOE, as well as Adrianne Palicki, D.J.
Cotrona and Jonathan
Pryce. In director Jon M.
Chu's heart-pounding thrill ride, the G.I. JOE team not only
faces off against its mortal enemy COBRA, it is also forced to
contend with threats from within the government that jeopardize its
very existence.
In addition to "G.I. JOE: RETALIATION," UltraFlix now offers
subscribers the largest library of crystal-clear 4K content,
reinforcing its lead as the source for the world's largest and
most diverse library of 4K VOD entertainment. To appeal to a broad
audience, offerings range from sci-fi, action/thriller, comedy,
drama and family movies to extreme sports videos, concerts, TV
shows, and special events. UltraFlix also offers over 100 hours of
free content.
To enhance the viewing experience, UltraFlix uses a variety of
proprietary technologies with video compression, adaptive streaming
and intelligent bandwidth management. These technologies
enable UltraFlix to stream visually lossless 4K video with
uninterrupted viewing at under 8Mbps, making it available to most
North American and European internet subscribers today.
"We are very excited to continue offering the most visually
stunning films to our UltraFlix subscribers," said Aaron
Taylor, NanoTech's Executive Vice President of Sales &
Marketing. "G.I. JOE: RETALIATION is an outstanding addition to our
already exceptional lineup."
About UltraFlix
UltraFlix, the world's first dedicated 4K Ultra HD
network, will enable subscribers to choose from hundreds of hours
of video on demand pristine 4K Ultra HD content in a broad range of
genres and over 100 hours of free content. In addition to being
available on NanoTech's award-winning Nuvola™ NP-1 streaming 4K
Ultra HD media player, UltraFlix has also become the preferred 4K
Smart TV App for leading 4K Smart TV manufacturers including
Samsung, Sony, Vizio and others that are in the process of
completing their testing and integration. Recently, UltraFlix
powered the Best Buy's Ultra HD viewing events providing the
content for locations throughout North
America highlighting 4K Ultra HD TVs from Sony, Samsung and
LG.
About Paramount Home Media Distribution
Paramount Home Media Distribution (PHMD) is part of Paramount
Pictures Corporation (PPC), a global producer and distributor of
filmed entertainment. PPC is a unit of Viacom (NASDAQ: VIAB,
VIA), a leading content company with prominent and respected film,
television and digital entertainment brands. The PHMD
division oversees PPC's home entertainment, digital and television
distribution activities worldwide. The division is responsible for
the sales, marketing and distribution of home entertainment content
on behalf of Paramount Pictures, Paramount Animation, Paramount
Vantage, Paramount Classics, Insurge Pictures, MTV, Nickelodeon,
Comedy Central and CBS and applicable licensing and servicing of
certain DreamWorks Animation titles. PHMD additionally
manages global licensing of studio content and distribution across
worldwide digital and television distribution platforms including
online, mobile and portable devices and emerging technologies.
About NanoTech Entertainment
Headquartered in San Jose, CA,
the heart of Silicon Valley, NanoTech Entertainment is a technology
company that focuses on all aspects of the entertainment industry.
With seven technology business units, focusing on 3D, Content,
Media & IPTV, Mobile Apps, and Manufacturing, the company has a
unique business model. The company has a diverse portfolio of
products and technology. NanoTech Media develops proprietary
technology which it licenses to publishers for use in their
products as well as creating and publishing unique content.
NanoTech Media Technology includes the world's first 4K Ultra HD
streaming solution. NanoTech Communications develops and sells
proprietary apps and technology in the Mobile and Consumer space.
Clear Memories is the global leader in 3D ice carving and
manufacturing technology. 4K Studios creates digital 4K Ultra HD
content using both licensed materials as well as original
productions. Ultra Media Group focuses on the acquisition and
licensing of content. UMG also develops and creates original
programming and live events for use on NanoTech networks.
More information about NanoTech Entertainment and its products can
be found on the web at www.NTEK.com.
"Safe Harbor" Statement: This press release contains
forward-looking statements, including expected industry patterns
and other financial and business results that involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
differ materially from results expressed or implied by this press
release. Such risk factors include, among others: the
sustainability of recent growth rates in of the company; the
positioning of NanoTech Entertainment, Inc. in the market; ability
to integrate both developed and acquired companies and technology;
ability to retain key employees; ability to successfully market
product offerings and customer acceptance of products; general
market conditions, fluctuations in currency exchange rates, changes
to systems and product strategy by vendors of systems; and whether
NanoTech Entertainment, Inc. can successfully gain market share.
Actual results may differ materially from those contained in the
forward-looking statements in this press release. Since this
information may contain statements that involve risk and
uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results.
NanoTech Entertainment, NanoTech Media, NanoTech Gaming Labs,
NanoTech Communications, MagicScreen, 4K Studios, 4K Ultra HD logo,
UltraFlix, NanoFlix, Nuvola GP-1, Nuvola NP-H1, Nuvola TV-U1,
Nuvola NP-1, Nuvola NP-C, and ProFlix UHD and their
associated logos are trademarks of NanoTech Entertainment. "The
Future of Television" and "The Future of Entertainment" are Service
Marks of NanoTech Entertainment. All rights reserved. All other
marks are the property of their respective owners.
Agency Contact: Andy Marken
Phone: (408) 986-0100
Email: Andy@Markencom.com
Investor Contact: Dan Wong
Phone: (858) 381-4677
Email: dwong@ntek.com
Paramount Pictures Contact: Brenda
Ciccone
Phone: (323) 956-8091
Email: brenda_ciccone@paramount.com
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