Innovative Gaming Company Taps Co-Founder to Lead Company
San Jose, CA, December 01, 2010 — NANOTECH ENTERTAINMENT (OTCBB:NTEK) today announced it has appointed co-founder David R. Foley as President & CEO. In addition, during a recent board of directors meeting, Mr. Foley was nominated as Chairman of the board. Mr. Foley takes over the reins from outgoing head, Robert DeKett.
David R. Foley, age 45, has developed entertainment software and hardware for over 20 years and is credited with designing several award winning gaming products. In 1983, Mr. Foley founded Foley Hi-Tech Systems, a custom software and video game developer. In 1996, he founded HyperWare Technologies, a video game developer. In 1998, he became VP of engineering with Quantum 3D, a video game component and military simulation manufacturer. In 2000 Mr. Foley co-founded HyperWare Inc., a video game manufacturer and then in 2002 founded UltraCade Technologies which developed several award winning gaming products. In 2007 Mr. Foley was a co-founder of NanoTech Entertainment Inc. Mr. Foley is responsible for creating several of the company’s technology and products including the MultiPin™ digital pinball machine and Pinball Wizard™ game controller. Mr. Foley attended Northeastern University, College of Computer Science.
In addition to the Chairman appointment, two other directors were added to the NanoTech board. Jeff Foley, current CEO of Clear Memories, Inc. and Bruce Bean, former Vice President of Wells Fargo bank. “I’ve worked with both Jeff and Bruce extensively in the past, and they offer valuable perspective to our business,” stated David R. Foley.
“NanoTech Entertainment is thankful for the hard work and dedication that Robert DeKett has provided us in the past three years,” said Foley. “I am very excited about NanoTech Entertainment, and our upcoming product releases including our first entry into the mobile phone market.”
About NanoTech Entertainment
Headquartered in San Jose, California, NanoTech Entertainment is a technology company that has a unique business model operating as a virtual manufacturer. NanoTech develops its technology and games, and then licenses 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. With an ever-expanding lineup of technology and products, NanoTech is redefining the role of developers and manufacturers in the global gaming 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.
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Contact:
David R. Foley
NanoTech Entertainment
San Jose, CA
(702) 518-7410
[email protected]
http://www.nanotechent.com
