Innotrek's (RMDM) INNO-Car Identification and pursuit system.
BEIJING, March 23 /PRNewswire-FirstCall/ - RMD Entertainment Group's (http://rmdmgroup.com/) China based subsidiary Innotrek Co. (http://www.innotrek.com/) announces that the company's Shanxi Branch has successfully built up its market for INNO-Car Identification and pursuit system, and competes for a large Yangqu E-police project in Yangqu County.
CEO Wynn Wang visited Shanxi Province and launched new market and public relations efforts in the province. CEO Wynn Wang and the local branch manager Mr. Zhao negotiated with the local governments of Qingxu County, Yangqu County and Shuozhou City, and achieved remarkable progress on the company's negotiations for installation of the company's INNO-Car Identification and pursuit system.
Following these negotiations, Innotrek's technical personnel visited Yangqu Security Bureau and drafted the electronic police system and INNO-Car Identification system for the authorities. The overall size of the Yangqu E-police project is in the 7 figure USD range, with the expected profit margin of about 30%.
Wynn Wang, Innotrek's CEO, said, "Our Shanxi Branch is doing a great job marketing our product, and the market situation of our INNO-Car Identification and pursuit system is very gratifying after the system passed the tests with the national Ministry of Public Security. Coupled with the leasing business model, the promotion for sales have become much faster."
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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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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