Innotrek (RMDM) Signs 1.6 Million USD Deal to Implement Its Technology in Qingxu County China
BEIJING, China, July 6 /PRNewswire-FirstCall/ - RMD Entertainment Group (RMDM; http://www.rmdmgroup.com) and its China-based subsidiary Innotrek Technology Co. Ltd. (http://www.innotrek.com/) announce that Innotrek Technology Co. has been contracted to implement its traffic management technology and turn Qingxu County of Taiyuan City into an "Intelligence City". The contract is worth RMB 11 million ($1.6 million USD).
The company will implement its most advanced surveillance and monitoring systems across Qingxu County, a section of Taiyuan City. The systems will improve traffic and security management within this portion of the city. Innotrek systems will overlook traffic and the public spaces, improving public security within Qingxu County.
In the light of this agreement and several other successful projects in the coal-rich Shanxi province, Innotrek CEO Wyn Wang is delighted with the company's progress in this region. Mr Wang stated, "Our Shanxi branch continues to do an excellent job marketing our products. Our surveillance technology systems proved themselves highly effective and had been well-received at all levels of government. RMDM management hears its shareholders frustrations and is equally frustrated with its current valuation. As a company have outgrown our base business model of being a hotel ISP provider. Today, RMDM has grown to be a full IT system development, and integration company. As a company we are not diluting and the majority of the outstanding shares are in control of our shareholders. In other words our shareholders control the destiny of RMDM. As a company we will endeavor to continue providing rock solid results, and contracts in various industries we serve. The management of RMDM believes that as more and more similar type contracts are released by RMDM, and without tipping our hand we can safely say that they are en route; the market forces will begin to start appreciating RMDM for the company that it is and not the one that was"
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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.
CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com
SOURCE RMD Entertainment Group
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