Innotrek (RMDM) Expands Its Sales Products with Landscape Illumination Installations Contract
BEIJING, Jan. 19 /PRNewswire-FirstCall/ - RMD Entertainment Group's (http://rmdmgroup.com/) China based subsidiary Innotrek Technology Co., Ltd. (http://www.innotrek.com/) plans to expand its services and focus a part of its production on exterior illumination.
With China's economic development, the exterior illumination projects regarding roads, buildings and landscape skyrocketed across the urban centers, and Innotrek Technology plans to enter this profitable business segment. The company plans a gradual entry into this market and will use its network of resources to assess and decide how to enter the segment successfully.
Mr. Wynn Wang said, "We know we are new to the exterior illumination, but our professionals have a solid expertise in science and technology, and this expertise certainly tops traditional multi-technology people who focus their work on municipal engineering. We just need to get our feet wet, to see and confront the technical obstacles before we can take on bigger, more profitable projects. This adaptation shouldn't take too long and we hope to generate some solid profits from this business segment in nearby future."
Further on Innotrek's external illumination project, Mr. Wynn Wang, RMDM's CEO met with a Mayor from Shanxi Province, Miss Feng Gaiduo, and proposed an initial landscape lamp design project. The mayor showed her support for Innotrek's attempts to enter the illumination industry and the negotiations will continue, entering the discussion of the project's design aspects.
In other events relating to the company USA based operations, The company is on the final stages of securing a bridge loan of about $80,000.00 ahead of certain pre arranged financing. Shane Cooper RMDM Cold Beverage President said (SIC) (Quotes taken from several emails where Ir is requesting update to shareholders of RMDM) "The bridge loan is essential and critical to RMDM beverage division as the company intends to use these funds to pay for the truckload of bottles we just purchased and the raw materials..... I am watching them adjust the line today for liter bottles. We should have the update on them coming off line within days with us in the Youth-Water shirts. Then promo sites with sales going on this week. The revenues won't be huge at first but the margins will good and the product will be launched."
The bridge loan is being provided by a Canadian based private equity finance company. The share structure will remain undisturbed.
RMD Entertainment Group focuses on the Leisure Industry. With a wide-span North American distribution network, RMD Entertainment Group operates Innotrek Technology Inc. (www.innotrek.com) in China and United Liquor Alliance (www.united-liquor.com) in Florida USA.
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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.
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SOURCE RMD Entertainment Group
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