Dreamfield Holdings Corp. Acquires 100% Ownership Control of RMD Dance Inc.; Sees Significant Revenue Base
Today, March 30, 2004, Dreamfield Holdings (OTC: DRMH) announced that it has acquired the remaining 50% private stake of its subsidiary RMD Dance Inc. Dreamfield CEO, Mark Moskowitz, stated that Dreamfield Holdings will be changing its corporate name to 'RMD Entertainment' effective immediately. Discussions of a new ticker symbol, and CUSIP number change are undecided at the moment. Mr. Moskowitz added, "RMD (Dance) has been the best and most successful of Dreamfield's holdings to date, and based on what Giorgio (Costonis) and KC (Flightt) have in place now and for the future, it was in our best interest to secure them proper funding, move them into a top notch office facility and allow them to do their magic." "We continue to secure distribution deals for Freedom Williams' album "C and C Music Factories Greatest Hits" around the world. Thanks to Dreamfield's backing, our state of the art recording facility we will be able to keep recording costs down and maximize our profit potential on future projects that RMD produces." says Giorgio Costonis, President of RMD Dance Inc. To date, RMD will be distributing music related products, dance singles and full length albums such as "C and C Music Factory's Greatest Hits" thru its international network. Distribution channels have been set up across Europe and Asia along with a 'RingTone' deal in Japan that should prove very lucrative for RMD.
About RMD Dance Inc.
RMD has experienced great success on the international level with it's dance hits and productions involving a variety of styles by many well known artists. RMD has produced a wide variety of music including Pop, World Music, Hip Hop, Rock, Trance, Breaks, Tribal House, and Underground House Music. Their producers have collaborated with some of the most influential names in the music scene today such as Sting, David Bryne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Steve Winwood, Robin Scott, and Jazz Saxophone legend Bill Evans. RMD Dance Inc, managed by KC Flightt and Giorgio Costonis, will specialize in the production of riveting remixes, and original pieces that will have world appeal. Their goals are to produce the ultimate dance music experience. RMD is known for throwing Dance parties around the world and is quickly being recognized as the "Weapon of Choice to Move the Masses" based on the commitment to push the limits of sound thru talent, creativity and hard work. For more information on RMD Dance Inc's Management and Company Background, please visit http://www.jdmerlin.com/rmd.htm.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Dreamfield Holdings Inc. takes no obligation to update or correct forward-looking statements.
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