NanoTech Entertainment (NTEK) Enters Partnership with Ciao Entertainment and Television
Today before the opening bell, NanoTech Entertainment announced 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. Currently one of the largest, fastest growing consumer markets in the world, Brazil has 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…