Thursday, August 12, 2010 10:58:03 AM
Beijing, Aug 11, 2010—RMD Entertainment (http://xxx.xxx/) management
updates the shareholders and the public on the current status of the company
regarding any possible future merger negotiations, and the need to resolve the
company debt inflicted on RMDM by the former managements (under former trading
symbol RMDG).
Without resolving the debt issue and undergoing recapitalization, the company will be
unable to undergo any possible future merger transactions and successfully grow its
business and shareholder base. Therefore, the company announces, that it needs to
undergo recapitalization and convert this old debt to stock, in order to satisfy the
existing debt settlement orders.
For more information, the company management points the public to the recent filings
posted on Pink sheets, "Financials" section regarding the debt settlement issues.
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