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$RTGV News RTG Ventures Enters $6.8 Billion Mobile App Market

RTG Ventures Enters $6.8 Billion Mobile App Market

NEW YORK, NY -- (MARKETWIRE) -- 08/22/11 --
RTG Ventures, Inc. (OTCQB: RTGV) has entered the thriving mobile app and web app development markets after its wholly-owned subsidiary, Digital Clarity, became an official iOS developer and extended its web development operations to include Ruby on Rails web app development. The mobile app market is currently worth $6.8 billion and is growing at nearly 30 per cent per annum.
Digital Clarity's Managing Director, Reggie James, commented: "This is an exciting development for the company. The mobile device is now core to any company's business strategy and online, the world is thinking more about apps than websites right now. Having the ability to create mobile and web apps in-house is an important addition to RTG's capability as well as a massive revenue opportunity for Digital Clarity. Simply, opening up app development will accelerate our growth path and take us into more strategic areas of our clients' businesses.
"World Mobile Applications Market reported in January 2011 that the mobile app market is currently worth $6.8 billion. The same report says that it will grow to over $25 billion in the next four years, while Gartner forecasts $29.5 billion by 2013 and IDC forecasts $35 billion by 2014. There is consensus among the world's leading analysts that this market is due to grow by around 30 per cent a year between now and 2015. It's clear that we had to enter the market to establish a footprint and leverage our experience from related markets."
On February 15, former Google CEO Eric Schmidt reported that Smartphone sales had surpassed PC sales. Digital Clarity is consulting its current and prospective new clients on how they should best be looking to adopt a mobile-first strategy if they're to position themselves competitively for the future. True forward-thinking companies will be questioning whether their strategy should be 'smartphone first' or 'tablet first' to engage and sell to this growing user group.
Though currently focused on Apple's iOS Developer program, Digital Clarity will be extending its capability further to include the Google Android app market as well as focused RIM/Blackberry applications.
About Digital Clarity Digital Clarity is a specialist Digital Marketing Agency that has been at the forefront of online marketing for over 7 years. Specializing in Search Engine Marketing, Social Media & Digital Measurement, the company works with both major brands and medium sized companies to help leverage online brand presence and customer acquisition. Digital Clarity also delivers consultancy and strategy planning for both client companies and advertising agency partners. www.digital-clarity.com
ABOUT RTG VENTURES, INC. RTG Ventures, Inc. is a fully reporting company (OTCQB: RTGV) offering a turnkey media monetization solution to rights owners of music video content. At the heart of RTGV's total product offering is a Monetization Platform which allows rights owners to define and tag media content in detail, set and enforce rights management and distribution rules, receive payment on distribution and obtain detailed analytics in real time. For further information, see http://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. All Copyrights and Trademarks acknowledged.
Investor Relations Contact: David Marioni First State Internet Services Wilmington, DE 19804 302 983 8196
(END) Dow Jones Newswires
August 22, 2011 09:02 ET (13:02 GMT)

Source: Dow Jones Newswire (Aug 22, 2011 09:02:00 EDT)