Innotrek (RMDM) Plans to Open a New Branch in Shanxi
BEIJING, Feb. 22 /PRNewswire-FirstCall/ - RMD Entertainment Group's (RMDM; http://www.rmdmgroup.com) Innotrek technology Co., Ltd.'s (www.innotrek.com) management assessed Shanxi province as market with great potential and plans to open a new branch in Taiyuan City.
In the view of recent events that caused a considerable drop in Shanxi government revenues in the past year, Innotrek sees enormous market potential for its Yingnuo HD Checkpoint System and the system's Financial Leasing Model with the province's authorities. To gain better market coverage, the management decided to open new branch Taiyuan City.
The smaller mining companies in the coal-rich Shanxi province merged into a Coal Mining Group and caused a significant drop in government revenues. Innotrek sees a great opportunity in this current state of the province's finances and believes that the Yingnuo HD Checkpoint system and its leasing model will become a bestseller with the authorities. The Financial Leasing Model of this product will allow the government to control local highways without the initial investment, while increasing government revenues from traffic violators immediately. The system will raise government's traffic violation revenues exponentially, making the price of Innotrek system negligible.
Wynn Wang, RMDM's CEO, said, "The current situation in Shanxi opens almost unlimited market upside for our Checkpoint System, bringing revenue to local governments, while improving the traffic situation on Chinese roads. The highway monitoring in China is still developing, and drivers still don't obey the traffic rules as they should. Our Checkpoint System with its leasing model can become a part of the solution for everyone to benefit in Shanxi province."
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) and the newly acquired United Liquor Alliance (www.united-liquor.com).
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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.
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SOURCE RMD Entertainment Group
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