NanoTech Completes Acquisition of Clear Memories

NanoTech Completes Acquisition of Clear Memories

Plans to take profitable division global

SAN JOSE, Calif.--(BUSINESS WIRE)-- NanoTech Entertainment (OTCPINK: NTEK) announced that it has completed the acquisition of Clear Memories, Inc. of Napa California. Clear Memories is the premiere provider of 3D Ice Sculptures to the San Francisco Bay Area. Using award winning technology to create finely detailed customized ice sculptures, Clear Memories has been featured by many magazines and was highlighted the "Young Scientist Special" episode of the MythBusters TV Show.

"When we reached out to Jeff to join us as CEO, we saw a lot of value in his company and he agreed to the acquisition as part of his joining our team," stated Ted Campbell, NanoTech Director. "Clear Memories has been a profitable company for years, and has very unique proprietary technology. The model can be easily replicated and expanded, and take advantage of the global infrastructure that we are putting in place at NanoTech. The state of the art technology that was developed by Clear Memories in the manufacturing and production processes can be enhanced further by the NanoTech team." Campbell closed by stating, "Because of the automated nature of the Clear Memories process, we can easily expand the business with a minimal of staffing growth, allowing us to continue to maximize profits while expanding to new markets. Best of all, we add another profitable, self-sustaining business unit to our bottom line."

About NanoTech Entertainment

Headquartered in San Jose, CA, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With four technology business units, focusing on 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 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.

"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, NuvolaNP-1, Nuvola NP-C, Nuvola GP-1, Nuvola RF-10 are trademarks of NanoTech Media Corporation. All rights reserved. Allother marks are the property of their respective owners. "The Future of Television" is a service mark of NanoTechEntertainment, Inc., All Rights Reserved

NanoTech Entertainment
Christian Hansen, 858-381-4677
chhansen@nanotechent.com

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