-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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It's like a train stopping to let some people off and bring on many more for the next destination
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bellwetherreport.com: The Bellwether Report initiates Agressive Investors Alert for RMD Entertainment Group
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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PHILADELPHIA--(BUSINESS WIRE)--May 25, 2006-- RMD Entertainment Group (Pink Sheets:RMDG) is planning to take full advantage of the public forum being provided by the national press conference being held later today by the Real Hip Hop Network (RHN) in Washington, DC. While RHN is planning to make several pivotal announcements pertaining to upcoming alliances, RMD will be taking the opportunity to publicly announce that they have also signed an agreement with the Real Hip Hop Network to be a primary content provider for the highly anticipated MoTV platform by co-developing a mobile network devoted strictly to RHN programming. According to the agreement, the Real Hip Hop Network will be the primary provider of applicable hip-hop content for MoTV over the next five years and the two companies will equally split all revenue generated as a result of the new mobile network. Tentatively called "MoRHN", this new network can utilize the proprietary MoTV technology to bypass traditional cable barriers and deliver RHN programming directly to the consumer via any IP (Internet Protocol) enabled mobile device. RMD CEO Giorgio Costonis commented, "Together we are building a mechanism through which the consumer has the right to choose the content they wish to view without needing to jump through traditional network red tape. This type of freedom will change the way consumers interact with mobile devices and the built-in advertising mechanism provides us with long-term revenue potential." Costonis added, "This is the tip of the iceberg, once manufacturers see the benefit of our interactive mobile technology, they will see that this is the perfect environment for commerce." Atton Mahammed, CEO of RHN, added "Seeing RHN Mobile become a reality this year with the assistance of MoTV and RMDG is like seeing the first commercial on television that used hip hop music. It didn't take long for Madison Avenue to catch on and make it mainstream. We fully expect that this venture will become a valuable tool for all types of manufacturers to sell their products. With a premium reach and virtually limitless penetration, we expect premium marketing revenue streams."
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.
KEYWORD: NORTH AMERICA FLORIDA PENNSYLVANIA UNITED STATES INDUSTRY KEYWORD: ENTERTAINMENT MUSIC CONTRACT/AGREEMENT SOURCE: RMD Entertainment Group
CONTACT INFORMATION: RMD Entertainment Group, Philadelphia Jed Wallace, 310-234-3200 jwallace*mphpr.com
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