Innotrek (RMDM) Corporate Update, Fall 2010
Beijing, China (MMD Newswire) Sept 3, 2010 -- RMD Entertainment Group (RMDM); http://www.rmdmgroup.com's operating subsidiary, Innotrek Technology Co. Ltd., continues to do brisk business in China. Innotrek has expanded its business from a simple hotel-based Internet service provider to full systems operations.
RMDM was also recently entertaining several merger proposals: one with a US-based media company, and another with a China-based modem company. Both of these transactions are now off the table for RMDM. The US-based company appeared to be a good candidate, but - without releasing the company's name - the market was informed of the potential transaction, and after initially reacting favourably, prospective investors quickly reversed their opinion. The company is unsure if this quick reversal reflected actual market opinion, or if it was a result of traders flipping RMDM stock for quick profits.
Whatever the case may be, RMDM remains committed to its long term shareholders. The company will shortly unveil a China-based expansion plan, which by all accounts should breathe new life into RMDM. The company will provide further updates as they become available.
About Mina Mar Group:
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Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations, maintenance and investor awareness.
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Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of RMD Entertainment Group that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. RMD Entertainment Group cautions you that any forward-looking information provided by or on behalf of RMD Entertainment Group is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. RMD Entertainment Group's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond RMD Entertainment Group's control. In addition to those discussed in RMD Entertainment Group's press releases, public filings, and statements by RMD Entertainment Group's management, including, but not limited to, RMD Entertainment Group's estimate of the sufficiency of its existing capital resources, RMD Entertainment Group's ability to raise additional capital to fund future operations, RMD Entertainment Group's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match RMD Entertainment Group's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. RMD Entertainment Group does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Investor Relations:
Tel: 1-647-426-1640;www.minamargroup.net/helpdesk, Investor Relations Department Inquiry,www.minamargroup.net(IR), for (M&A) and Corporate Matters,www.minamargroup.com.
RMDM was also recently entertaining several merger proposals: one with a US-based media company, and another with a China-based modem company. Both of these transactions are now off the table for RMDM. The US-based company appeared to be a good candidate, but - without releasing the company's name - the market was informed of the potential transaction, and after initially reacting favourably, prospective investors quickly reversed their opinion. The company is unsure if this quick reversal reflected actual market opinion, or if it was a result of traders flipping RMDM stock for quick profits.
Whatever the case may be, RMDM remains committed to its long term shareholders. The company will shortly unveil a China-based expansion plan, which by all accounts should breathe new life into RMDM. The company will provide further updates as they become available.
About Mina Mar Group:
Mina Mar Group, MMG offers full corporate services to public companies from filings, compliance and corporate governance matters. MMG pioneered the industry first "Go Public Free" program, the first OTC Markets firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visitwww.minamargroup.com/iceto learn more andwww.stockbasher.comto participate as a shareholder of the issuer.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations, maintenance and investor awareness.
To be included in company's email database for press releases, "Friday Tips", Monday Analysis industry updates, and various client companies activities and updates that may or may not be news worthy or news released, please subscribe for opt-in mailer athttp://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of RMD Entertainment Group that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. RMD Entertainment Group cautions you that any forward-looking information provided by or on behalf of RMD Entertainment Group is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. RMD Entertainment Group's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond RMD Entertainment Group's control. In addition to those discussed in RMD Entertainment Group's press releases, public filings, and statements by RMD Entertainment Group's management, including, but not limited to, RMD Entertainment Group's estimate of the sufficiency of its existing capital resources, RMD Entertainment Group's ability to raise additional capital to fund future operations, RMD Entertainment Group's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match RMD Entertainment Group's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. RMD Entertainment Group does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Investor Relations:
Tel: 1-647-426-1640;www.minamargroup.net/helpdesk, Investor Relations Department Inquiry,www.minamargroup.net(IR), for (M&A) and Corporate Matters,www.minamargroup.com.
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