Techcom Inc (TCRI): Post Unavailable Additional Informati...

soupoftheday · 2008-11-05T14:58:23.4970000Z

Call me crazy! I think the R/S is a good thing....... RMD Entertainment Group (RMDM) Announces Corporate Restructuring Wednesday October 8, 6:00 am ET TORONTO, Oct. 8 /PRNewswire-FirstCall/ - RMD Entertainment Group Inc. www.rmdmgroup.com (site under construction) today announced that it has elected a complete new board of directors, it has accepted the resignation of the previous management, and a new interim management has been selected. Mr. Xu a spokesman with the company said, "We are currently undergoing a complete transformation of the management and we are looking in a new direction for our business endeavours. The new interim "turn around management" brings with them their own financiers, their own financial backers, and an interim investor relations company, which specializes in introducing Chinese based companies to the USA public markets. We have started updating our records on Pink Sheets recently, and we ask our shareholders and followers to please visit the PinkSheets.Com web site for additional filings, and updates. Many filings will be shortly made, as we work works towards coming into full compliance. Since we started updating Pink Sheets we have received many inquiries visa vie possible stock split and other corporate matters. We have no plans whatsoever to do any sort of a stock split for unforeseeable future. In summary, the control of the company was obtained by a secured creditor who was concerned with the previous management's actions which saw the outstanding, and authorized share structure balloon out of control. A new interim "turn around management" was appointed to undertake this corporate restructuring. At present, our corporate advisor Mina Mar Group is currently in negotiations with a shareholder for the return of about 1.7 billion shares back to the issuer. They feel confident that they will be successful in this task, and plans are to immediately return this stock back to the treasury. In addition, the issuer intends to seek legal relief for the return of an additional 3 billion shares back to the treasury. This 3 billion share block was paid by the previous management for certain technology and services the issuer never actually received. The issuer has also received 2 infraction notices from State and Federal regulators which stem back to the activities of the previous management. At issue is the aforementioned ballooned share structure. The company's interim Secretary Mr. Garr Winters is currently addressing this matter with the company's barristers, and will report back shortly. The company has also identified several possible merger candidates in North America and in China." Mr. Winters* added, "Right now our top priority is to settle these outstanding infractions, and to have the shares in question returned back to the treasury forthwith. In the meantime we will work towards bringing the company into compliance as quick as possible so that we can start the healing process and begin to restore shareholder and the markets confidence in this company. We are aiming to complete all of this by the year's end so that we can start the year 2009 off on the right foot and in a new direction." *Mr. Winters is a semi retired executive who sits on many small and mid cap company's board of directors, and or as a Corporate Secretary acting in a capacity of an advisor. Mr. Winters was selected by the secured creditor to advise and assist in the interim management in the process. Mr. Winters receives compensation of $1.00 per year plus stock for services rendered. Mr. Winters is a philanthropist. He has never sold any stock in the companies he acts as a Secretary or an advisor and instead donates 100% these stock proceeds to charity. Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet filings (www.pinksheets.com), and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks. Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition. Contact: www.minamargroup.com/helpdesk CONTACT: www.minamargroup.com/helpdesk -------------------------------------------------------------------------------- Source: RMD Entertainment Group Inc.