Monday, March 01, 2010 4:07:11 PM
1:19p ET February 4, 2010 (PR NewsWire)
RMD Entertainment Group's (http://rmdmgroup.com/) China based subsidiary Innotrek technology Co. (http://www.innotrek.com/), brings attention to its filing from Jan 27, 2010. The company decided to enter into a merger and or other business relationship with 'Load Com Com', China based High-Tech and Internet company.
Load Com is a successful High-Tech company. Load Com provides High Tech IT and Internet services and peripheral equipment, and ties in well with Innotrek's broadband Internet installations. Load Com provides 2nd level support to ISP account holders, including some of Asia's largest telecom companies, such as China Telecom, China Mobile and Unicom. Some of these clients are NASDAQ and NYSE listed clients, and clients who rank as a Global Fortune 500 company (source: Forbes). Load Com is a pre-IPO company. It offers a great potential for RMDM as it brings new value and new business opportunities to Innotrek.
Wynn Wang, CEO of RMDM, said, "The public must see the definite upside of getting Load Com aboard RMDM. Innotrek can't go anywhere but up, as the merger with Load Com would definitely open doors and opportunities. Our frustrations are exacerbated by our stubbornly low, or what we see as artificially depressed, share price. We have a certain value which we place on United liquor and we believe that the market will acknowledge that as things start to crystallize over the next several months. The return of the due diligence stage is set for early April. The number of Internet users in China grew by stunning 86 million in 2009, during the economic downturn. With China's economy back on track we don't see how this trend could possibly slow down in 2010. In our opinion, business cooperation with Load Com will bring Innotrek and RMDM into a whole new perspective."
Recent TCRI News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 03:04:35 PM
FEATURED ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • Oct 10, 2024 8:09 AM
FEATURED CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM