Innotrek's (RMDM) Update on Current Projects And Profit Generation
BEIJING, Feb. 8 /PRNewswire-FirstCall/ - RMD Entertainment Group's (http://rmdmgroup.com/) China based subsidiary Innotrek Co. (http://www.innotrek.com/), further on the company news from Feb 1, 2010, where the company shared with public information about its past projects that still generate profits, this is an update on other past installations that also generate profits today; and are still active.
Innotrek installed broadband system in Beijing Chenggui Hotel and Chengsheng Hotel in 2008. Each hotel operates 30 rooms, and both hotels started operation in early 2008, using Innotrek's own phone lines to provide their customers with Internet access. With negligible installation costs, Innotrek charges each hotel room an average of $100 USD per month to use Innotrek's network phone lines for Internet access. The Input/Output ratio for Innotrek technology on these two installations averages to about 147% to date. Innotrek expects these systems to work without major obstacles, or peripheral upgrades for some time to come and to continue to generate additional revenues.
This maintenance 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. This approach proved itself a lucrative one, and Innotrek also sees the technological stability of their system as a profitable advantage. Innotrek offers this model maintenance model to its new customers.
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.
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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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