RMD Entertainment and The Pickwick Group Prepare for Overseas Launch Through Summit in London Wednesday June 7, 1:15 pm ET
PHILADELPHIA--(BUSINESS WIRE)--June 7, 2006--RMD Entertainment Group (Pink Sheets:RMDG - News) 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. ADVERTISEMENT
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.
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 music 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 - News)) 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.
Contact: For RMD Entertainment Group, Philadelphia Jed Wallace, 310-234-3200 jwallace*mphpr.com
-------------------------------------------------------------------------------- Source: RMD Entertainment Group
-------------------- please dont trade stocks on my alerts, do your dd first.
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Play smart and buy on the dips and hold until news. It will be a while before they let it run again. Walmart news should be the release that will move again or the days before the PR if there is one.
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thanks yayaba, alot of people taking there losses out on me, its all good i saw this girl do the same to JUICe yesterday and that guy is one of the elite traders in my mind, he is really good at what he does...i am not worried at all, i know she is probably on her rags so it doesnt bug me, i have dealt with alot of women in here situation before lol
oh yeah and RMDG going up now on the fact CLYP(the dilutor) is no where to be found!
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miss mu. i am not a pumper fool, i say where i buy and where i sell i give my advice..u like to get on everyones nerves, geeez can u make a friend with anyone here
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RMDG will run again so don't get your balls in a up-roar big boy. I'm just keepin things on the straight an narrow. I t did this before it ran last time but this time it will take a much bigger PR than what it has been seeing. Like I said it is good to flip right now and that's all. I will be the first to get excited when it takes off don't worry.
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i know RMDG will run again but i dont need your sorry ass to tell me it will. u are calling me a pumper and thats where u are wrong...u probably just started trading and chased a play and now are taking it out on me....u should try paper trading first
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