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Monday, March 02, 2009 11:07:35 AM
RMD Entertainment Group (RMDM) in Negotiation with UK-based Music Recording Company
2009-02-25 15:29 EST - News Release
BEIJING, China, Feb. 25 /PRNewswire-FirstCall/ - RMD Entertainment Group (RMDM:PK) (www.rmdmgroup.com) has entered into negotiations to acquire a UK-based music recording company.
The recording company currently works with a variety of major label artists as well as an established song writer who has been writing pop music hits for high profile recording artists over the past 35 years.
The Company's assets may include licensing rights to music labels of these well known artists. Total assets are valued at several million dollars.
Meiexa Xiu, Development Manager advised, "We are revisiting the Company's roots in the entertainment industry. We see a strong upside in the recording company's business that will significantly enhance shareholder value. Beijing Innotrek will remain as an independent operate subsidiary and we are still following through on our previously announced plans on acquiring Tidi gaming. We are just as eager as our followers to complete the previously announced stock split, and to complete the Tidi Gaming merger together with completing our outstanding debt payment to MonArc Corporation for the asset purchase of Innotrek. We remain optimistic that all of this will come to fruition shortly. We also believe that the values these 3 companies will bring to the operations of RMDM Group as a whole will in our opinion assist a great deal in sustaining our stock price once the stock split is complete."
The company will provide further details as become available.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain 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.
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 http://www.pinksheets.com/ filings, 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 patters 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.
CONTACT: www.rmdmgroup.com
RMDM Entertainment Group
CONTACT: www.rmdmgroup.com
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