Momentum Players

[JIMNBAMA]

RTGV NEWS
News for 'RTGV' - (For RTG Ventures, It's Time To Ante Up, Suggests Stock
Patrol)


Jul 29, 2005 (financialwire.net via COMTEX) -- July 29, 2005
(FinancialWire)
(By Stock Patrol) Has RTG Ventures, Inc. (OTCBB: RTGV), been bluffing all
along?
The Company first gained attention when it proclaimed plans to stage a
Chinese
Poker Tournament and other brain games in the Far East.

Poker may be hot, but RTG certainly is not. The Company now has shown its
hand
and the only flush in sight comes from the sound of investor dollars going
down
the drain.

RTG became public as the result of a reverse-merger in June 2003. When it
first
emerged from obscurity, RTG said it had acquired rights to organize and
market a
Chinese Poker championship, as well as Chinese Mah Jong and Chess
tournaments.

Now, RTG says it has no plans to pursue those lines of business in the
future.
The Olympic Games may be on their way to China. RTG's brain games are not.

Not that the Company has any other activities. RTG Ventures has no
business, no
revenues, no new business plan and no money. As of May 31, 2005, RTG had
$314 in
cash and no other assets ' hardly enough to ante up in a game of poker,
much
less stage a tournament. As of that same date, the company had nearly
$300,000
in current liabilities ' accounts and notes payable.

The company also had a new Chief Executive Officer and sole director, its
fourth
this year, Deborah Rose. Ms. Rose took the helm after the brief,
uneventful,
successive tenures of Puja Mehta and Atul Mehta. The Mehtas appeared
briefly,
and then disappeared in a cloud of controversy. Claims between the Mehtas
and
the company have now been settled ' according to RTG's most recent filing
on
Form 10-Q ' but the settlement has yet to be finalized.

RTG has been remarkably vague in describing the qualifications of its
recent
series of chief executives, just as it has been decidedly vague about its
business and future plans. RTG says that Ms. Rose possesses a Bachelor of
Science degree in Business Administration and graduated summa cum laude '
although it does not identify the college or university she attended. RTG
also
says that Ms. Rose has had an "extensive background in administration
details in
the public markets," although it does not indicate her former employment
or the
nature of her previous responsibilities, other than to state that "her
capacity
is to coordinate the appropriate people, develop the corporate structure
and
then create the public awareness for these companies." That vague
description
might apply equally to a CEO, a marketing specialist or a member of a
company's
support staff.

For now, its sounds as though Ms. Rose will be busy dealing with
regulators. In
early May 2005, the Company was served with a subpoena issued by the SEC
demanding the production of documents relating to its business, its
relationships, and the purported agreements between RTG and the Sports
Ministry
of the People's Republic of China concerning those dormant Chinese Poker,
Mah-Jong and Chess tourneys.

The SEC made the first move here, and the Company says it responded by
providing
all documents within its possession. What's next? Checkmate? Or is someone
going
to fold?

Stock Patrol (http://www.stockpatrol.com) partners with the Investors
Resource
Center at Investrend Information (http://www.investrendinformation.com).

For up-to-the-minute news, features and links click on
http://www.financialwire.net

FinancialWire is an independent, proprietary news service of Investrend
Information, a division of Investrend Communications, Inc. It is not a
press
release service and receives no compensation for its news or opinions.
Other
divisions of Investrend, however, provide shareholder empowerment
platforms such
as forums, independent research and webcasting. For more information or to
receive the FirstAlert daily summary of news, commentary, research
reports,
webcasts, events and conference calls, click on
http://www.investrend.com/contact.asp

The FinancialWire NewsFeed is now available in multiple formats to your
site or
desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268



URL: http://www.financialwire.net


(C) 2005 financialwire.net, Inc. All rights reserved.