posted
can this be true?? Outstanding Shares: 383,633 as of 2005-10-21
Estimated Market Cap: 3,069 as of 2005-11-28 (based on Outstanding Shares as of 2005-10-21)
RMD Entertainment Group Signs Letter of Intent to Acquire Hip Hop Sports Apparel Company DBands PHILADELPHIA, PA -- (MARKET WIRE) -- 11/30/2005 -- RMD Entertainment Group (OTC: RMDG) announced today that it has signed a letter of intent to acquire Hip Hop Sports apparel company DBands (www.dbands.com).
DBands are designed to maintain their position over the forehead area, making them comfortable and easy to wear. Their extra absorbent materials prevent sweat from reaching the eyes, resulting in better performance during competition.
DBands have performed well in trials and several NBA players have worn them during last season with great results. In addition, several major Hip Hop performance artists have endorsed the unique headwear as the newest and hottest fashion statement on the streets today. Recently DBands has received extensive media coverage in GQ Magazine and on CNN's "After the Bell."
"This is an opportunity we felt like we could not pass up," says Giorgio Costonis, CEO of RMD Entertainment Group. "DBands is a unique product that has performed better than the traditional headbands worn by athletes in the past. In addition, their unique design has attracted the attention of the Hip Hop lifestyle consumer market. We see a tremendous amount of cross promotion between the artists that we release material on and the DBand product. There are many creative ways that we can create revenue potential from this acquisition once it is completed. We have had the opportunity to acquire clothing lines in the past but none fit quite like DBands. We see revenue potential from athletes using the product, 14 to 24 year olds wanting to make a fashion statement and corporate advertising material potential."
Vincent Normant, founder, creator and CEO of DBands, added, "We are on the same page as the executive team over at RMD. Our role is to break them into the Hip Hop apparel market much like Phat Farm did for Russell Simmons and Def Jam. We are a company on the rise much like RMD. Our product and their artist stable should complement each other quite well. It's a great fit for each firm. Our first product line is complete and manufacturing is ongoing. We look forward to a great relationship with RMD Entertainment group and will look to expand our existing product line within the next 6 months."
A tentative date of December 13th has been scheduled in which all contracts would be signed in Philadelphia. Press passes will be provided to the event upon request. For more information on Media clearances please contact MPH Public Relations at 310-234-3200.
About RMD Entertainment Group.
RMD Entertainment Group (RMDG) is a cutting-edge entertainment company with a primary focus on selling hip-hop music internationally. www.rmd-entertainment.com/distro.htm. Additionally, the company markets other Hip Hop lifestyle products to its music audience. RMD has a vast worldwide distribution network that allows its music to be sold to the end consumer in compact disc formats, digital downloads, and personal ring tones for mobile customers. RMD's hip-hop catalogue is exclusively distributed by Bungalo Records in North America, which is exclusively distributed by Universal Music Group -- while European distribution is handled entirely by the Pickwick Group of London, England. RMD's dance music catalogue is exclusively distributed by Inversus Records of Miami, FL.
Truly a global company with well over 60 years combined experience in the music industry, RMD has had nothing but success on the international level and its staff producers have collaborated with some of the most influential names in the music scene today, such as Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Steve Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others.
About Sciax Defense
Sciax Defense is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Sciax Corp. (http://www.sciax.com). Wolf Pack, the company's tactical remote viewing system, is manufactured under license from Eomax Corp. and is used by law enforcement and military organizations in North America and Europe. Customers include military and law enforcement agencies of the U.S. and German governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and businesses of Sciax Technology Inc., Sciax America Inc., RMD Entertainment Inc. and Sciax Corp., which involve risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports. The company intends that such statements about the company's future expectations, including future revenues and enforcement and defense imaging system earnings, entertainment product earnings, and all other forward-looking statements, be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: RMD Entertainment's Block Star DVD Magazine Hits Major Retail Shelves
PHILADELPHIA, Aug 18, 2006 (BUSINESS WIRE) -- RMD Entertainment Group (Pink Sheets:RMDG) announced today that the Company's long-awaited and highly anticipated DVD magazine project, Block Star DVD Magazine, officially hit digital and major retail shelves in the U.S.
The moment the first copy of Block Star DVD Magazine was stocked at a 'bricks and mortar' location marked a huge leap forward for RMD. This DVD is the first of many RMD projects to become available for consumer purchase through traditional retail channels. While RMD has a stronghold on the digital arena, this is their first offline product delivery. Block Star DVD Magazine will continue to be available through Amazon.Com; however, it can now be found at Best Buy Co., Inc. and all Trans World Entertainment locations which include Wherehouse Music, Sam Goody, Suncoast and many more.
RMD CEO Giorgio Costonis commented, "This marks a significant leap forward for the RMD family. We have worked so hard to make such a powerful impact on the digital community that when a project like Block Star DVD Magazine hits with such force at the traditional retail level, it is clear that our content development choices were more than solid." Costonis added, "The creator and Editor-In-Chief of Block Star, Mike Chong, has done an exceptional job bringing this project to life and must be commended. Without passion like his, our team would not have been able to execute distribution as successfully."
About RMD Entertainment Group
RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. RMD has significant successes internationally and its staff producers have collaborated with some of the most influential names in the music industry today including Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Stevie Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others. The Company currently possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal (NYSE:V)) in North America and in Europe through the Pickwick Group Ltd. of London.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of RMD Entertainment Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: RMD Entertainment Group
CONTACT: For RMD Entertainment Group, Philadelphia Jed Wallace, 310-234-3200 jwallace*mphpr.com
Copyright Business Wire 2006
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KEYWORD: United States North America Florida Pennsylvania INDUSTRY KEYWORD: Entertainment Music Other Entertainment Communications Publishing SUBJECT CODE: Product/Service
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