RTGV NEWS:
press release
Jun 10, 2009, 9:45 a.m. EST
RTG Ventures London Business Trip in June
NEW YORK, NY, Jun 10, 2009 (MARKETWIRE via COMTEX) -- RTGV /quotes/comstock/11k!rtgv (RTGV 0.05, +0.01, +34.29%) intends to take advantage of the current economic climate and opportunities now available in the new media industry sector.
This sector is evolving so rapidly it is important to test the assumptions in NMTV's Business Plan to make certain there is an evolving alignment of interest and focus. As an example: Recent research of where viewers watch TV indicate there has been an increase from 27% in 2005 to 39% in 2009 in broadband viewing. The key demographic is the 18-49 age group and the growth is expected to continue to be dramatic in the short term. For the future, children ages 2 to 11 spend almost one-third of their online time watching videos. As they mature, it is foreseen they will use the Internet as a primary source for TV programming.
To summarize: Barry Fludgate, NMTV's designate CEO and CFO of RTGV, stated: "The shift from appointment TV to content on demand is well underway. Fundamentally, consumers expect content to be available when they want it, and on the screen of their choice -- TV, PC or mobile device. NMTV's awareness has been heightened by the speed of this shift."
Many shareholders have contacted RTGV to say they are pleased Linda Perry, RTGV's CEO, is traveling to London this month to establish a timeline and announce a closing date of the Share Exchange Agreement. Part of establishing the schedule for the trip is the intent to meet with value-based investors to discuss the US public market and NMTV's goal of being opportunity driven with an eye on its exit strategy, i.e. listing on a higher exchange, a possible spin off of one of the independent units or a buyout by a global company, as well as the officers of RTGV/NMTV vision going forward, and its potential. An aspect of the trip will also be to assess and quantify the business development opportunities which will provide the highest ROI to shareholders. There are niche technology businesses in this sector growing by 10% per year, but highly fragmented. On that basis, roll-ups are available as part of this strategy. Meetings with the principals and management of the companies is part of the assessment process.
In addition, NMTV intends to monetize non-working assets to utilize in future acquisitions, joint ventures, projects, et al, which will strengthen its negotiating position going forward.
Linda Perry is "looking forward to this trip, not only to organize the closing requirements, but to have a clear set of objectives for the first year of NMTV Inc. and to provide the maximum return to RTGV shareholders."
About NMTV: RTGV, through NMTV, has a new media business model which leverages an exclusive technology to deliver multicast transmissions of TV quality without buffering or freezing. This is a significant technological breakthrough and provides a competitive edge to its shareholders. The evolving venture includes an established 44,000 square foot studio outside London which is fully equipped to service traditional film and TV requirements, while also being refurbished to attract state-of-the-art broadband customers. Broadband is the global growth engine for new media in the 21st century. NMTV's technology and its multiple revenue streams from ancillary businesses such as: its television production company and a payment systems product with two brands, epaypoint and Web-Pay to manage new media as well as consumer cash flow through the Internet in the most cost effective and secure methodology. Through both organic growth and growth by acquisition NMTV will become a leader in new media and reward its stakeholders: shareholders, customers and suppliers. For all available Due Diligence, visit the website at: www.rtgventures.com
Safe Harbor Provisions: The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
SOURCE: RTG Ventures
