Innotrek's (RMDM) Names Its Targeted China (IT) Merger Candidate
BEIJING, Feb. 4 /PRNewswire-FirstCall/ - RMD Entertainment Group's (http://rmdmgroup.com/) China based subsidiary Innotrek technology Co. (http://www.innotrek.com/), brings attention to its filing from Jan 27, 2010. The company decided to enter into a merger and or other business relationship with 'Load Com Com', China based High-Tech and Internet company.
Load Com is a successful High-Tech company. Load Com provides High Tech IT and Internet services and peripheral equipment, and ties in well with Innotrek's broadband Internet installations. Load Com provides 2nd level support to ISP account holders, including some of Asia's largest telecom companies, such as China Telecom, China Mobile and Unicom. Some of these clients are NASDAQ and NYSE listed clients, and clients who rank as a Global Fortune 500 company (source: Forbes). Load Com is a pre-IPO company. It offers a great potential for RMDM as it brings new value and new business opportunities to Innotrek.
Wynn Wang, CEO of RMDM, said, "The public must see the definite upside of getting Load Com aboard RMDM. Innotrek can't go anywhere but up, as the merger with Load Com would definitely open doors and opportunities. Our frustrations are exacerbated by our stubbornly low, or what we see as artificially depressed, share price. We have a certain value which we place on United liquor and we believe that the market will acknowledge that as things start to crystallize over the next several months. The return of the due diligence stage is set for early April. The number of Internet users in China grew by stunning 86 million in 2009, during the economic downturn. With China's economy back on track we don't see how this trend could possibly slow down in 2010. In our opinion, business cooperation with Load Com will bring Innotrek and RMDM into a whole new perspective."
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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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