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"RMD Entertainment Group in Final Contract Stages With Sul Sol Entertainment to Release Three Music Titles in 2007


By Market Wire
Last Update: 9/29/2006 11:13:53 AM Data provided by

PHILADELPHIA, PA, Sep 29, 2006 (MARKET WIRE via COMTEX) -- RMD Entertainment Group (PINKSHEETS: RMDG) -- In a move to continue adding high quality Hip-Hop music products into their vast distribution network and calendar, RMD executives announced they were in the final stage of going to contract with Philadelphia-based production company Sul Sol Entertainment to release at least three music releases jointly with the company in 2007. The releases would be put through the North American distributor Bungalo Records (exclusively distributed by Universal Music group), and all of their 62 digital distributors around the world including, iTunes, Sony Connect, Napster, Zingy and Rhapsody. Revenue share on each project will be on a 50/50 split as well.

CEO Giorgio Costonis commented: "Our goal is to continue to add high quality music content into our catalogue so that we can maximize our value received from having such a vast distribution capability. Sul Sol Entertainment is run by two very capable industry veterans in John Lee and Rasul Abdul Hagg." He continued, "We will begin releases in 2007 with their premier artist Raeshon who has a strong following in the Atlanta area and a recent track record with BDS spins on a radio only release of one of the songs from his upcoming album with us."

Co-CEO of Sul Sol Entertainment John Lee said, "We are very pleased to be coming to terms with RMD on this deal. They are a very forward-thinking company and their distribution channels give each release a competitive advantage in the global market to succeed. We have been trying to get this deal done for months and are thrilled we are in the final stages of completion. We look forward to a long prosperous relationship together."

About RMD Entertainment Group

RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. RMD has significant successes internationally and its staff producers have collaborated with some of the most influential names in the music today including Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Stevie Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others. The Company current possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal) in North America and in Europe through the Pickwick Group Ltd. of London.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of RMD Entertainment Group, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

SOURCE: RMD Entertainment Group "