SOURCE: VGTel, Inc.

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September 19, 2014 14:06 ET

VGTel-360 Entertainment and K2 Communications Announces Licensing Agreement With Nanotech

NEW YORK, NY--(Marketwired - September 19, 2014) - VGTel-360 (OTCQB: VGTL) Entertainment & Productions, a multi-platform company offering products and services for the entertainment industry, announced today that it has licensed its Ultra HD 4K library of films to Nanotech -- a publicly traded company whose streaming UltraFlix Network App delivers state-of-the-art Ultra HD television experiences to consumers worldwide.

NanoTech just announced that UltraFlix will be bundled with Sony's 2014 4K Ultra HD TV product line, "which allows our content to quickly be made available to millions of new 4K customers," said VGTel-360 Entertainment & Productions CEO Greg Wells. "In anticipation of the Q4 proliferation of 4K demand we began scanning a series of Giant Screen films to Ultra HD late last year. The titles will soon be available for viewers worldwide as we've recently licensed the films to OEMs and satellite providers for release later this year. NanoTech will be the first UHD streaming service for our growing library of films," added Wells. 

VGTel-360 Entertainment, which finances and develops, produces and distributes 4K UHD content through subsidiaries Motion Picture Scanning Services and Grand Schema Entertainment, licenses its films for distribution through Los Angeles-based K2 Communications, which reached agreement with NanoTech. 

By clicking NanoTech's UltraFlix application button on Ultra HDTVs, viewers can stream VGTel-360 Entertainment's library of 4K titles including -- Adrenaline Rush: The Science of Risk, Alaska: Spirit of the Wild, Bears and Amazing Journeys -- along with more than 300 hours of stunning 4K travel and nature documentaries.

"We are very excited to be working with VGTel-360 Entertainment as a source for quality 4K titles. Partnering with companies like VGTel-360 Entertainment will help us make UltraFlix the industry's digital 'go-to' 4K smart TV app for every major 4K TV platform," said Aaron Taylor, NanoTech's Executive Vice President of Sales & Marketing. In the last two months alone, the UltraFlix library has dramatically expanded from 50 to over 200 4K offerings.

"This is a symbiotic relationship that provides for the advantage of rapid growth and faster market penetration," said Mark Kresser, President of K2 Communications, one of the world's leading studios for IMAX and other Giant Screen films exhibited in museums, science centers and other specialty theaters. "K2 recognizes NanoTech's great track record, and we both realize the demand for 4K content is growing even faster than analysts originally anticipated," Kresser said.

VGTel-360 Entertainment began financing the digital scanning for a series of Giant Screen films to 4K format back in December 2013. VGtel-360 Entertainment, in collaboration with its production and distribution partners, is scanning, downscaling and licensing these Giant Screen films for UltraHD television broadcast and 4K theatrical distribution.

About VGTel, Inc. - 360 Entertainment & Productions

VGTel, Inc. is a multi-platform company offering products and support in the entertainment industry and is focused on a strategy of growing and building business units through investments and acquisitions. For further information, go to www.360entertainmentandproductions.com.

About NanoTech Entertainment

Headquartered in San Jose, CA, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With six technology business units, focusing on 3D, Gaming, Media & IPTV, Mobile Apps, and Manufacturing, the company has a unique business model. More information about NanoTech Entertainment and its products can be found on the web at www.NTEK.com.

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Contact Information

  • CONTACT: 
    360 Entertainment & Productions 
    (845.368.1011)

    Media Relations
    James Humann 
    (858.412.9193)

    Investor Relations
    Greg Wells 
    (917.817.9952)