BEIJING, Oct. 20 /PRNewswire-FirstCall/ - RMD Entertainment (RMDM.PK) is pleased to announce the appointment of Mr. Wynn Wang as its new President and CEO. Wynn established Beijing Innotrek Technology CO., Ltd in November 2003 as a high technology enterprise. Wynn was also instrumental to the development of proprietary new technologies that have been successfully patented.
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Wynn quickly attracted a team of professional staff with outstanding backgrounds in various important corporate functions, i.e., marketing, technical etc.
Other appointees to the RMD management team include Mr. Tao Cheng as Managing Director in Technology and Mr. Wu Dan as COO. Wynn is also pleased to have accepted Mr. Winters' appointment as RMD's Secretary, Corporate Affairs and Expansions and Compliance Officer. Mr. Wang said "There appears to be some abuse vis-a-vis the previous management's share distribution and payments for services in shares. Mr. Winters has already received written confirmation for the return of 1.7 billion shares which will immediately be retired to the treasury and he is currently discussing the best way to recover an additional approximately 3 billion shares back that appear to have been issued without due consideration with our legal advisors. It is my opinion that Mr. Winters is the most qualified and most aggressive candidate for assisting us in recovering these shares. Mr. Winters has already contacted the company's transfer agent to begin this process.
Our first line of business is to return some respectability to our unfairly battered share price. Mr. Winters has already identified 1 possible game developer merger candidate for us in Australia. We will keep our shareholders advised of all events promptly"
Innotrek focuses on research and development of advanced broadband technology using Power Line Communication (PLC), long a promising, but unfulfilled, technology to provide broadband over existing copper and cable wires. The Company has developed a proprietary technological approach that resolves the issues commonly encountered when trying to install this type of service. This allows hotels to offer broadband services over existing infrastructure at a much lower cost than alternative forms of LAN networks, while meeting the requirements of ISO 9000. Wynn was also instrumental to attaining patent rights for the proprietary technology Innotrek has developed.
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