SAN JOSE, Calif.--(EON: Enhanced Online News)--NANOTECH ENTERTAINMENT (OTCPINK: NTEK) announced today that it has partnered with Ciao Entertainment and Television, a global provider of telecommunications products and services with headquarters in the U.S., to manufacture and market Televisions and Media Players in Brazil. Brazil is currently one of the largest, fastest growing consumer markets in the world, with over 17 million households currently subscribing to pay-tv services. According to Brazil’s communications minister Paulo Bernardo, his department sees this growth continuing to a massive 40 million “within 3 to 4 years.” Through this partnership, NanoTech and Ciao will seek to capitalize on these growth trends by manufacturing and marketing high quality state of the art Televisions and Media players for the Brazilian market.
“We are very excited to announce this partnership, which marks an important step toward the Global expansion of NanoTech’s products and Technology helping make NanoTech a truly multinational company.”
Ciao has recently invested in factories in Santa Rita De Sapucai, Minas Gerais, Brazil for the production of mobile communication devices including mobile phones, smart phones, tablets and mobile device components. This experience will help expedite the process for the new partnership in setting up production for NanoTech designed products. Ciao Telecom will be responsible for the distribution of the consumer devices throughout Brazil.
Commenting on the announcement, David Swanson, Vice President of Operations for NanoTech said, “We are very excited to announce this partnership, which marks an important step toward the Global expansion of NanoTech’s products and Technology helping make NanoTech a truly multinational company.”
NanoTech CEO Jeffrey A. Foley closed by adding, “We are pleased to be partnered with such as strong company. Given Ciao’s size and reach in Brazil, we are anticipating several million dollars in sales in the first six months. Ciao Telecom is a multinational telecommunication services provider with operations in the United States, Brazil, Europe and the Middle East. Ciao Telecom has especially deep knowledge of the Brazilian market and close connections with many organizations in Brazil. Together with Ciao, we are extending our global reach in providing the Future of Television."
Eugenio Santos, Ciao’s chairman and CEO added, “In addition to our telecommunications offerings and IPTV based entertainment services, we will now provide a complete solution to the consumer including the Television, Set Top Box, and content services. Ciao is also combining our wireless offers with consumer and small business security products that protect property and integrate with Ciao mobile service.”
Santos continued, “This partnership will provide our customers with the best value state of the art video equipment. We plan to release more detailed information on our distribution programs shortly. Having the unparalleled IPTV technology and products that NanoTech offers combined with the Global Reach of Ciao is a winning formula. I’m excited about the opportunity for us to expand IPTV foreign language offerings in North America as well as brining 4K UltraHD to South America.”
About NanoTech Entertainment
Headquartered in San Jose, CA, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With five technology business units, focusing on 3D, Gaming, Media & IPTV, Mobile Apps, and Manufacturing, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy. 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 UltraHD 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. NanoTech is redefining the role of developers and manufacturers in the global market. More information about NanoTech Entertainment and its products can be found on the web at www.NanoTechEnt.com.
Ciao Telecom is a global Telecommunications Company delivering innovative solutions to a variety of business segments including government agencies, businesses and consumers. Headquartered in California with offices in Europe, South America, and the Middle East, Ciao Telecom is present in over 150 countries, with Voice over IP Communication services, broadband Internet, IPTV, video and mobile phone services as well. Ciao utilizes a partnership with Sprint to deliver high quality voice, text and data services to our customers. Ciao Telecom was founded in by Eugenio Santos and Victor Santos.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. 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.
The NanoTech Entertainment logo is a trademark of NanoTech Entertainment, Inc. NanoFlix, NanoTales, NanoBooks, Nuvola NP-1, Nuvola NP-C, Nuvola GP-1, Nuvola RF-10, Nuvola NP-H1 and Nuvola NP-S1 are trademarks of NanoTech Media Corporation. All rights reserved. All other marks are the property of their respective owners. “The Future of Television”, “The Future of Entertainment” and “Smarter TV” are service marks of NanoTech Entertainment, Inc., All Rights Reserved