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RMDG - up 23% Friday, some DD for you.

Up 23% Friday on 165 million shares!

First a shareholder letter was issued Thursday and the stock started its move, management confirmed that company is FULLY FUNDED and NO MORE DILUTION now.

Here is the chart and you can see the dilution turn into accumulation in July! Also note the close above 50 and 100 day moving averages! The RSI closed above 50, and the bollingers are tight, breakout through .0018 could mean a move back to .0035!


Highlights from the shareholder letter include a firm date for the DVD magazine release, a firm release date for Roc-Monee's hip-hop album, and the GOOGLE VIDEO DISTRIBUTION deal, which may be bigger than both of the former milestones, imo...

Dear RMDG Shareholders,

RMDG is currently in transition from a development company to a fully functional corporation bringing various products to market. We have achieved this in a short time frame of about ten months. A remarkable achievement considering we had to first do a massive restructuring of the company and change the business focus from defense contracting to multi media conglomerate with a focus on Hip Hop content. Currently, we are fully funded and have no short-term plans to issue additional stock.

We have built a global enterprise with a world wide marketplace for all of our product lines. It is my sincere belief that we can and will become the number one urban media production and distribution company in the world. My goal for the company is to be recognized as the number one corporation in Hip Hop while helping similar companies to ours succeed and find new and improved ways of giving back to the urban community. I feel we have exceeded my highest expectations to date and are well on our way to achieving our corporate destiny.

Here is a brief introduction to and progress update on our many initiatives.

1. Block Star DVD Magazine

The Company's long-awaited and highly-anticipated DVD magazine project, Block Star DVD Magazine, will be released in Europe at the end of July, 2006. The US release date will follow on August 15th. Our executive team has chosen to initialize distribution efforts on the retailing complex, focusing on such household names as Best Buy Co., Inc., Circuit City Stores, Inc. and Wal-Mart Stores as opposed to utilizing RMD's existing relationships with nearly 60 global digital distributors. U.S. Distribution will be handled along side longtime distribution pioneers, Bungalo Records and Universal Music Group, a subsidiary of Vivendi Universal and Video Distribution, while The Pickwick Group Ltd. of London will handle retail placement abroad. Beyond instant 'off the shelf' profitability, RMD executives are working with the creative forces behind The Block Star DVD Magazine to explore non-traditional ways for a project this unique to reach the ideal consumer - like making it available on Sony's PSP(TM) gaming and media platform or as a bonus feature accompanying other RMD products. On the more traditional side, RMD executives are quick to point out the extremely profitable advertising that can be earned from the broadcast of the product on all formats.

2. Roc Monee

Our rising star Roc Monee recently delivered with his performance at Zanzibar in Washington DC; he was also showing his overall ability to generate revenue for RMD. In spite of the intimate venue, Roc Monee's live performance was able to generate over $25,000.00 in net revenue for the RMD Entertainment family.

The intended purpose for the evening was for Roc to tape his first of many appearances on the Real Hip Hop Network (RHN); however, his performance obviously had a significant impact on the live crowd at Zanzibar as well by turning the evening into an unforgettable live event. We are heavily promoting him at the national radio level - preparing his fans for an amazing album. Roc Monee is loved by his fans and the media - we expect huge numbers from him.

His single "Overdrive" will be serviced to all major hip-hop radio stations around the country with a heavy emphasis on traditional terrestrial giants like Clear Channel and satellite pioneers like Sirius Radio and XM Radio. A promotional campaign like this is used to create demand for Roc Monee's album by large retail outlets like Target and Best Buy. Bungalo Records (exclusively distributed by Universal Music and Video Distribution) will service the U.S. retailers directly on behalf of RMD. The precise in-store date for the album's release is determined with the retail outlets' input based on predicted sales - it is expected to hit shelves in the U.S. on August 22nd and in Europe on August 29th. RMDG will also release the album in digital and ringtone formats through their 60 digital distributor list including familiar names such as iTunes, Sony Connect, Jamster, and more. RMD Entertainment has Roc Monee under contract for three albums.

6. RHN (Real Hip Hop Network)

Not too long ago, RMD entered into a strategic partnership with the Real Hip Hop Network (http://www.rhn.tv), arguably the largest multimedia hip-hop content resource in existence with over fifteen thousand (15,000) hours of original programming in the can. According to the parameters of the agreement, RMD will have complete discretion with respect to the global distribution of all RHN content and are entitled to 50% of any revenue generated as a result of RMD involvement. By utilizing our longtime relationships with Bungalo Records (exclusively distributed by Universal Music & Video Distribution), The Pickwick Group Ltd. and over sixty digital music distributors, RMD Entertainment will instantly convert content to capital through both traditional and alternative distribution channels.

The Real Hip Hop Network is the first ever cable television network geared specifically toward the dynamic lifestyle and culture that defines hip-hop. By the end of 2006, RHN will reach over 17 million homes nationwide via cable and satellite, which gives this deal with RMD that much more impact. Not only will RMD now have a massive cross-section of their ideal demographic to introduce their artists, products and alternative content distribution to, but they will also be able to capitalize on the staggering advertising possibilities that come with that level of market penetration.

Along with our other RHN projects, we will co-produce five of the biggest hip-hop concerts to hit the stage this year. While details are still being ironed out with respect to performers and venue dates, hip-hop legends LL Cool J and Jadakiss were the first two headliners to announce their participation in the RMD/RHN production. RMD's own Roc Monee recently performed in Washington DC with LL Cool J...the show was taped for later broadcast on RHN; however, the crowd was blown away by Roc's performance and showed their support at the door.

Beyond that, we recently announced our deal with the Real Hip Hop Network to be a primary content provider for the highly anticipated MoTV platform by co-developing a mobile network devoted strictly to RHN programming. The Real Hip Hop Network will be the primary provider of applicable hip-hop content for MoTV over the next five years and the two companies will equally split all revenue generated as a result of the new mobile network. Tentatively called "MoRHN", this new network can utilize the proprietary MoTV technology to bypass traditional cable barriers and deliver RHN programming directly to the consumer via any IP (Internet Protocol) enabled mobile device. To compliment this effort we recently entered into a joint venture with RHN for satellite transmission.

Our ad agency remains excited about the prospects of selling ad space on the content of the network in all broadcast formats in all world territories. Ad sales are expected to begin this month (July).

7. Google.

We recently signed an agreement with Clayton Entertainment (http://www.claytonentertainment.com), which enables them to feature our entire content library on Google Video. This step marks a profound evolutionary step for RMD and our original video distribution model. According to the deal, Google Video will now be the premier distribution platform for all RMD multimedia content including, but not limited to, artist videos, live concert events and the bulk of the 15,000 hours of urban media programming acquired from their recent deal with the Real Hip Hop Network (RHN). Through our relationship with Clayton Entertainment, RMD will now be able to utilize Google's proprietary technology to stream content to the masses while using the platform to generate revenue from billable content downloads, merchandising and the multitude of advertising opportunities. As I addressed the earlier projects in our current cache I did not hit upon the fact that this deal may be the most powerful revenue driver in our corporate toolbox. The reason is simple, numbers. Each day, over 350 million people visit Google. If only 1% of the visitors viewed or downloaded RMDG content that would be over 3.5 million viewers a day. In the scenarios of selling our product or enticing advertisers to spend on placement within our content, a powerful and convincing argument can be made, thus creating a virtually limitless opportunity for earnings. We have placed a limited amount of content on Google Video and some of the RHN programming quickly shot to a top ten position on Google's Most Wanted. I have a major meeting with Clayton Entertainment Thursday in Manhattan to discuss the layout of content on the Google site as well as commerce parameters and promotional opportunities. I feel confident we should have a substantial amount of commerce up by the end of this month leading to almost immediate earnings from this platform.

http://biz.yahoo.com/bw/060706/20060706005502.html?.v=1