RMD Entertainment (RMDM) Share Reduction Program

BEIJING, March 29 /PRNewswire-FirstCall/ - RMD Entertainment Group (http://rmdmgroup.com/) announces that the company plans to proceed with a substantial share reduction program of RMDM.

As the company and its investors had been concerned with the company's share price being grossly undervalued, the company sees this as a great opportunity to shore up the float with a commencement of a share buyback program. The plan is to reduce the company's Shares Outstanding and Float. This will be a major undertaking and expenditure by the company. The funds to finance the share buyback program will be financed by the liquefied sale of assets, meaning the sale of its TiDi Gaming division.

As the long-term investors of RMDM may recall (see previous news and filings on Pink Sheets of 2009) interim management of RMDM briefly operated TiDi Gaming in 2009. RMDM sold this asset to a British Virgin Island company InterLotto in November 2009 on stock and cash basis. Shortly, InterLotto plans to complete its IPO on the Frankfurt Stock Exchange with an expected opening price of about 50 cents USD. RMDM intends to use the proceeds of sale money to commence the share reduction program. Interlotto will shortly start trading and be quoted on the Frankfurt Germany Exchange Symbol:3KL.DE. Interlotto, originally a USA based issuer, started filing with SEC back in 2006 (see link) http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1373762 however due to certain anti gaming laws and (in order to meet USA compliances) re domiciled off shore to British Virgin Islands. TiDi Gaming was a natural fit for Interlotto.

Neither the company nor its IR will comment on this topic further. The company will announce the exact share reduction numbers as soon as this is beneficially advantageous to itself and its shareholders.

RMDM takes this opportunity to thank Mr. Garr Winters, Interim CEO of RMDM in 2008, for all the hard work, knowledge of international business codes and insight he provided RMDM regarding the acquisition and the sale of TiDi Gaming. RMDM was an issuer under duress back in 2008, when Mr. Winters assisted RMDM in recovery of more than 1.7 billion shares from Ex Management (see October 22 2008 filing http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=17914), and was also instrumental in guiding RMDM in rescinding a stock split in 2009 (see filing http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=26450). Simply put, Mr. Winters had the wisdom and the foresight of TiDi and assured smooth transaction and established the highest value possible for the sale of TiDi Gaming. For this RMDM's management extends its gratitude. RMDM management does seek consulting guidance from Mr. Winters from time to time on corporate matters only.

A source close to the company said, "Without tipping our hand there is a separate value added transaction that Mr. Winters is assisting us with which will work in concert with the Divestiture_FILING 02 25 10 on the MMMG site http://minamarmarketinggroup.helpserve.com/index.php?_m=downloads&_a=viewdownload&downloaditemid=244 that should see RMDM values greatly appreciate and values returned to our shareholders. This deals with certain pending US based issuer (OTCBB company) divestiture of RMDM holdings and payments. We will not comment on the pending merger other than say its progressing well and on schedule."

In other company news, this week the company will be posting a series of filings on Pink Sheets which addresses some new and renewed contracts with various hotels and well known USA based peripherals manufacturers.

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.

Don't be a victim. Report a stock basher. The company is mindful that short sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed companies with hidden agendas. Visit http://www.stockbasher.com/ and find out what criminal and civil actions the US authorities are taking against web sites like investorshub.com and other posters, and the remedies available to you as an individual investor.

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 the 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