TAMPA BAY, FL, Feb. 11 /PRNewswire-FirstCall/ - RMD Entertainment Group's (http://rmdmgroup.com/) USA based subsidiary United Beverage has held several talks with Coral Water (www.coralwater-us.com) which has lead to plans of a joint venture. United Beverage has submitted a joint venture plan to Coral Water which outlines profit sharing of Coral's existing product lines. Coral Water Purified and re-mineralized Coral Water(R) is produced with an innovative 21st century procedure that offers some of the best water attributes that are available on the planet today.
Coral Water(R) is produced through a patent pending 32-step multi-stage manufacturing process that effectively removes all of the dangerous contaminants (such as chlorine, fluorine, mercury, lead, arsenic, et al) while re-introducing back in all of the important minerals and electrolytes (such as calcium, magnesium, potassium, etc). At the end of this process the result is almost perfect water. Coral Water had previously been in place with the retail outlets Eckerds, Walgreens, and Sweet Bay. The joint venture allows for United Beverage to bottle the water utilizing the Coral process and for both companies to split the profits. The joint venture will allow Coral Water to immediately go back on the shelves in those locations as well as opening them up to other United Beverage products.
"We have had quite a few talks with Paul Simmons and Diane Simmons and look forward to working out the terms which will allow Coral to get back on the shelves while giving United Beverage another product and openings to these retails outlets." "Coral went through some hardships at the end of 2009. It's a perfect fit and we hope Coral will take advantage of the opportunity." - Shane Cooper United Beverage Alliance President.
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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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