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[QUOTE]Originally posted by manred: [QB] RMD Entertainment and The Pickwick Group Prepare for Overseas Launch Through Summit in London PHILADELPHIA, Jun 07, 2006 (BUSINESS WIRE) -- RMD Entertainment Group (Pink Sheets:RMDG) announced today that the Company has scheduled a week long strategy summit with its key European Distributor, The Pickwick Group Ltd., beginning on June 22. RMD will be represented by its newest employee-key entertainment veteran and former Bad Boy Worldwide Entertainment Group 'Promotions' executive, Kevin Hill. Pickwick Group's Head of Label Operations Dom Rapello said, "RMD brought us a strong catalogue of both DVD and CD releases that should do very well for us in our market. Our goal in this meeting is to get our staff and our retail outlets familiar with the key RMD titles such as Blockstar DVD Magazine and Roc Monee. This is going to be a busy summer here at Pickwick for RMD. We plan on releasing no less than three titles from the RMD catalogue within the next 90 days." The first release date is scheduled for July 2nd and will feature the highly acclaimed Blockstar Hip Hop Magazine DVD. According to the terms of their Distribution Agreement, RMD will receive revenue every thirty days from Pickwick, beginning thirty days from the first release. Therefore, revenues to RMD from the release will begin in August. Giorgio Costonis, CEO of RMD Entertainment, commented, "I have full confidence in the job that Kevin Hill is doing for us. Europe is the number 2 Market now in the Hip Hop Community right behind North America. We are quickly positioning ourselves as leaders in the Urban Media content business. Our goal is to become the number one provider of Hip Hop music globally. Mr. Hill has communicated that goal with the Pickwick Group and this summit is designed to help us achieve that objective." New RMD Executive Kevin Hill, added, "I am responsible for driving the European Revenues for RMDG and am excited about our prospects overseas this year and in the future. Our first release date through the Pickwick system is next month. My goal in this summit is to do everything I can to put us in a position to maximize our revenues in the European Marketplace." Additionally, RMD announced that it will compliment Pickwick's distribution with several key digital distributors and ring-tone retailers in the territory. Mark Davis, Head of Digital Distribution, will be leading this initiative for the company. [/QB][/QUOTE]
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