Replies to post #1981 on Buy Low, Sell High

[GordonGecko]

RTG Ventures, Inc. Update on Share Exchange Agreement with Atlantic Network Holdings Limited - Deal Expanded
Dec 7, 2007 9:29:00 AM
Copyright Business Wire 2007
NEW YORK--(BUSINESS WIRE)--

RTG Ventures, Inc. (RTGV.OB) has expanded its Share Exchange Agreement with Atlantic Network Holdings Limited (ANHL) to include Ecommercenet Limited, the last of the ANHL private entities. The website is: www.atlanticnetwork.com. After the Share Exchange Agreement closes, RTGV, Inc., will be renamed NMTV, Inc.

In the course of the due diligence associated with ANHL, it became apparent that epaypoint (a wholly owned subsidiary of Ecommercenet), as the payment system for Internet spending on Atlantic Television Limited, would represent a growing majority of Ecommercenet's revenue. Following the strategy to develop a fully integrated vertical media organization, Ecommercenet meets the criteria and its inclusion simplifies meeting corporate governance requirements by providing a transparent corporate structure. Further, having both private and public entities within ANHL was artificially cumbersome.

As stated in its last audited balance sheet, Ecommercenet also brings positive net assets to NMTV, its investors and the prospective investment community. Ecommencenet with its partners, bring a track record in banking software and financial transaction processing ongoing from the mid-80s, taking systems that are still in use today from design level through programming, testing and management.

RTGV's officers described the business as follows:

"epaypoint is a payment system geared to the Internet and designed to accommodate exponential demand for media, and is a natural extension for NMTV. Its customers will find user-friendly applications within a brand which will be developed both in the commercial and investment communities."

An Amendment to the Share Exchange Agreement dated March 20, 2007, to include Ecommercenet will be filed. The share structure will not change, with RTGV shareholders receiving 42,435,315 shares of NMTV at closing. The Business Plan will be expanded accordingly.

RTGV has met all of its Conditions of Closing, and NMTV expects to complete its conditions, which are expanded by the inclusion of Ecommercenet, in January, 2008 with a Closing Date thereafter. An 8-K, required within four days of closing, will be prepared after all Conditions of Closing are met, and filed coincidentally.

RTGV has satisfactorily completed its audit by Sherb & Co. LLP for the fiscal year August 31, 2007, and the requisite 10-K will be filed by December 15, 2007.

The reinstatement of RTGV to the NASDAQ Bulletin Board (BB) has been in place since October 6th, with RTGV being dual-listed on both the BB and the Pink Sheets. In the spirit of transparency, we encourage our investors to ask their brokers to represent RTGV on Level 2 of the BB. There are currently seven brokers displayed on the BB Level 2 (L2), compared to 16 on the Pink Sheets.

About NMTV: NMTV is a media venture utilizing a new exclusive broadband technology which delivers multicast transmissions ensuring TV quality without buffering or freezing. Its infrastructure is comprised of an established studio complex outside of London with six operational subsidiaries, an investment vehicle which owns the freehold on the studio property, and a television production operation which has joint venture agreements with 15 internet channels. Initiatives are also underway in Reality TV and ongoing natural history filming. Other subsidiaries hold film interests via script rights. (This summary will be modified as the company evolves following the Business Plan in development.)

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.

Source: RTG Ventures, Inc.



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RTG Ventures
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