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The RMD Entertainment Group (RMDM) and United Liquor (ULA) www.united-liquor.com and www.sunshine-spirits.com targeted merger company has been seeking an adequate distribution partner for their expansion plans, a partner who would bring their superior products to the wider US public. The present talks between RMD Entertainment Group and the US liquor producer deliver both trust and promise of future cooperation. Both companies review initial documentation and the further updates on the merger process will be published shortly.
The US liquor producer, and RMDM's new partner, holds a secret to a unique liquor distillation procedure. This secret procedure allows distillation of unique spirits with superior flavour at optimal production margins. The company is able to create unique blends of traditional liquors in fractional distillation times. The company keeps the procedure secret to assure the uniqueness of their brand and secure a competitive edge over the mainstream competition.
Good pricing in the retail market also adds to the company's competitive edge and secures its 25% Gross Profit. However, the company's expansion plan predicts profits of 3 million in the first year, 12 million at the 18-month mark and 20 million in the second year of their expansion plan.
The company plans to launch its first new product in the first quarter of 2010.
The RMD Entertainment Group's management feels that this is a material event and that each stage with the new company requires a public announcement.
This merger is based on the targeted merger companies being able to meet and exceed both management and long-term shareholders reasonable expectations. The RMDM management works in concert with its preferred shareholders and its M&A advisors on this merger and develops a complex preferred share exchange arrangement. The result will see RMDM's current (both common and preferred) share structure unchanged and undisturbed after the merger, including its recent non dilution and non recapitalization policy.
The targeted merger candidate would acquire the preferred shares over time and have an option to convert these preferred shares at a significantly higher strike price than what RMDM is currently trading at. The targeted merger candidates hope to benefit from this merger and increase their revenues.
RMD Entertainment Group is a holding company that locates and invests in gaming and vending type businesses. The focus is on the entertainment, travel and leisure Industries. The issuer operates a wide-span North American distribution network.
In other company news, the company will shortly be updating Pink Sheets with balance sheets of its existing operating subsidiaries and the Q3 financials. This should suffice to have the "STOP" icon rank removed from the RMDM quote on Pink Sheets.
More details will follow shortly including an update on TiDi Gaming Division.
To be included in RMDM's email database for press releases and industry updates, please subscribe at or opt in with your email address at this link http://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.
CONTACT: www.minamargroup.com/helpdesk
SOURCE RMD Entertainment Group
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