NanoTech Entertainment (NTEK) Releases Positive Financials And Completes Stock Buyback
PR Newswire "Press Releases US - English"
SAN JOSE, Calif., May 6, 2013 /PRNewswire/ --
"Our total issued and outstanding shares have now been reduced to fewer than 546 million shares. The shares have been returned to treasury and our new lower total outstanding shares are now reflected in our accounts at our transfer agent," stated Jeffrey A. Foley, President and CEO of NanoTech. "This continued reduction in outstanding shares has given us more leverage for future contracts and investments strengthening the company while increasing shareholder value." Foley closed by stating, "With pinball product sales higher than forecast, combined revenues being to flow from both our media and communications divisions, we are looking for a continuation of growth in the second quarter of 2013 (Q4FY13) and beyond. Our goal is to move into profitability this year."
"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.
Contact: Denise Clifford
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