RMD Entertainment Group Improves Stronghold on the Online Digital Video Content Market By Aligning With 1i Limited
Posted on: Wednesday, 1 February 2006, 12:00 CST
RMD Entertainment Group (OTC: RMDG) announced today that the ink is dry on one of the most financially empowering agreements to date for RMD. 1i Limited focuses on the resale of online digital content and sees the value in what RMD Entertainment had to offer the marketplace with regard to high-end, high demand entertainment projects.
According to the agreement, 1i Limited has guaranteed RMD $100,000.00 in revenue for the first year alone while expecting year-end totals to substantially exceed that amount. By entering into this relationship, RMD has not only secured a substantial revenue stream for 2006, but they have also found a perfect vehicle for artist and company promotion.
RMD CEO Giorgio Costonis had this to say, "Coming on the heels of such powerful alignments with Napster, eWan, WechTech, and T-Mobile to name a few, we are thrilled about this relationship with 1i Limited. An agreement like this is a massive step forward for our company and our vision; we have strengthened our hold on the content delivery community while simultaneously developing new revenue streams. We couldn't be more pleased. It was a pleasant surprise to announce $100,000.00 in revenue in the first quarter of 2006 but this is only the beginning. Our shareholders will see that our planning has been very solid since we entered the entertainment arena and our execution will be what eventually lands us recognition as one of the premier Hip-Hop entertainment companies in the world. We look forward to continued success during this year and beyond."
In related news Costonis announced plans to introduce his executive staff to shareholders within the next two weeks via open forum teleconference to discuss the latest events, immediate, and future plans of the company. A date will confirmed shortly with all details provided in a press release and notice to shareholders.
About RMD Entertainment Group.
RMD Entertainment (RMD) is a cutting-edge entertainment company with a primary focus on selling Hip-Hop music internationally. Additionally, the company markets other Hip-Hop lifestyle products to its music audience. RMD has a vast worldwide distribution network for 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 Technology
Sciax Technology is an emerging company 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 RMD Entertainment Group (www.rmd-entertainment.com). 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 RMD Entertainment Group., 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.
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.
CONTACT: Jed Wallace Publicist Phone: (310) 234-3200 jwallace@mphpr.com
SOURCE: RMD Entertainment Group
Source: MARKET WIRE
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