Wednesday, January 26, 2011 5:58:21 PM
This is going to take off one of these days sooner than most think
RTG Ventures, Inc. (OTCBB: RTGV) has published a short video to its website demonstrating the power of its Media Division's CloudChannel application that media rights owners can use to monetize their content. As previously announced, in addition to creating original content, RTG Media is well advanced in discussions to stream media on behalf of independent record labels and content owners in other business sectors.
The video can be viewed at the following address using the password: rtgventures
http://www.rtgventures.com/products-services/cloudchannel/
With aggressive growth targets to revenues of $50m in three years, the video is the first glimpse of RTG's future that has been published. Dominic Hawes-Fairley, RTG Ventures' CEO & President, explained the purpose of the new tool: "Ours is a radical concept and we needed to produce something that would help explain our vision without giving away any trade secrets that might invalidate the ongoing intellectual property right protection program.
"The video gives a flavor of what we will be doing and it's been very well received by the industry insiders to whom we've shown it. We feel the time is now right to share the vision with a wider audience because our marketing activities are now starting to roll into action.
"Last year, the companies we acquired produced revenues of $2m. Because those numbers hadn't been produced under our ownership, we couldn't include them in yesterday's filing. Instead we filed the current numbers for our Q1 which showed sales of $451,000. This video, for the first time, shows one of the technologies that is going to take us to this year's sales target of $8m. But, like all companies, we have to build our business one block at a time. This is a pretty important block as it's going to be a major revenue driver going forward and we know the market has been waiting for it.
"CloudChannel is seriously hot property and, while we can't show the mechanics of the system off until we've got our IP protection in place, we hope that this short video will give investors, partners, potential customers and other stakeholders an idea of the power of what we've invented."
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