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RMD Entertainment Group (RMDM) To Rescind Reverse Split

Tue. October 20, 2009; Posted: 01:38 PM
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BEIJING, Oct 20, 2009 /PRNewswire-FirstCall via COMTEX/ -- RMDM | Quote | Chart | News | PowerRating -- RMD Entertainment Group (www.rmdmgroup.com), a publicly traded entertainment company advises public and their shareholders on its intention to rescind 1000-1 reverse stock split previously announced. RMDM management and its advisors are of the opinion that its current operations namely China based Inotrek ISP and TiDi Gaming can successfully add value to the company bottom line and bring value to the entire organization without the process of the reverse split.

RMD Entertainment Group, company invests in gaming type and or vending type developing businesses. This new turn of events was carefully prepared and scrutinized. The company will shortly notify State of Nevada and have its capital share structure reflect this new turn of events to avoid any misconceptions about the nature of this action. This action is meant to strengthen and solidify RMD Entertainment Group's position in the highly competitive global market.

RMD Entertainment Group's focus is on the Entertainment, Travel and Leisure Industries. RMD works with several Asian based companies (China) and operates a wide-span gaming distribution network.

RMDM will provide more details shortly.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of RMDM EntertainmentInc. that constitute forward-looking statements for purposes of the safe harbor Provision's 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. RMDM EntertainmentInc. cautions you that any forward-looking information provided by or on behalf of RMDM EntertainmentInc. 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. RMDM Entertainment Inc.'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 RMDM Entertainment Inc.'s control. In addition to those discussed in RMDM Entertainment Inc.'s press releases, public filings, and statements by RMDM EntertainmentInc.'s management, including, but not limited to, RMDM EntertainmentInc.'s estimate of the sufficiency of its existing capital resources, RMDM Entertainment Inc.'s ability to raise additional capital to fund future operations, RMDM Entertainment Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match RMDM Entertainment Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. RMDM EntertainmentInc. 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.

CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department, (302) 357-9915 (IR), 1st Level Support Retail Clients General Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, 1-800-365-4331, www.minamargroup.com

SOURCE RMDM Entertainment Group

 
For full details for RMDM click here.

    


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