Innotrek's (RMDM) Older Projects Generate Monthly Profits
BEIJING, Feb. 1 /PRNewswire-FirstCall/ - RMD Entertainment Group's (http://rmdmgroup.com/) China based subsidiary Innotrek Co. (http://www.innotrek.com/) informs the public that company's older installations still generate profits today.
The company installed broadband system in the three-star Xidan Hotel in the heart of Beijing in 2008, using Innotrek's own phone lines. While the installation cost was negligible Innotrek changes the hotel $172USD per month to use their phone lines. The Xidan Hotel has been operating since April 2008 (21 months), and the operation's input/output ratio reached 211% to date. Innotrek expects this system to work without any obstacles in years to come. Today, the three-star Xidan Hotel requires a broadband upgrade .
This model leaves the whole wireless operation upon Innotrek, so the hotel/office/etc. managements don't need to get involved in the installation and reparation processes, and this approach proved itself a lucrative one to Innotrek. Innotrek also sees the technological stability of their system as a profitable advantage. Innotrek offers this profitable model in their contracts to their new potential business partners.
In other company news the company brings to attention to a filing made with Pink Sheets "RMD Entertainment entertains Merger Offer". As these talks have progressed the name of the targeted company and certain details will be released shortly. Jan 27, 2010
RMD Entertainment Group focuses on the Leisure Industry. With a wide spanning 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.
To receive future updates via email including quarterly newsletters and company updates which may not be newsworthy however important to the reader and followers of the company please sign up today free at www.minamargroup.com/updates.
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
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article