RMD Entertainment (RMDM) Share Reduction Program: 400 Million Shares Targeted
BEIJING, April 13 /PRNewswire-FirstCall/ - RMD Entertainment Group (http://rmdmgroup.com/) further to the company announcement of share reduction the company is proceeding with this announcement and has made provisions for the reduction of up to 400 million shares.
The company plans to continue with the program through a bridge loan until the company exhausts its financing source: ie the sale of TiDi Gaming to British Virgin Island company InterLotto.
The company will shortly post as a filing both TiDi Gaming and United Liquor diversification share certificates which it anticipates from the respective agents shortly.
In other company news, Mr Wynn Wang CEO of RMDM said "Shortly we will be launching our Automotive and Aero divisions and web sites. Innotrck www.innotrek.com has transformed from itself from a hotel ISP provider to a systems IT and software development company. Our shareholders can expect to hear many new and exciting contracts in these two divisions over the next several months. We had a wonderful conference in Toronto and met with many RMDM shareholders, and met many companies both public and private with whom we see great future prospects. One company in the IT sector in particular (as per previous news releases) we continue our discussions with and we will report back promptly "
The company reminds its shareholders and followers to monitor PinkSheets.com Filing section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non newsworthy corporate updates.
For any matters relating to retail investor queries or to send the company or its IR a message please click on the "INVESTOR SUPPORT" TAB, or the direct link http://www.minamargroup.net/helpdesk.
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Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support section in due course. To be included in company's email database for press releases, industry updates, and non-weekly activity in the company that may or may not be news released, please subscribe or opt in mailer at http://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
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