RMD Entertainment Group

RMD Entertainment Group

August 19, 2010 11:24 ET

RMD Entertainment Group (RMDM) Targets Merger With USA Based Athletic Apparel and Energy Supplement Manufacturer

BEIJING, CHINA--(Marketwire - Aug. 19, 2010) - RMD Entertainment Group (PINK SHEETS:RMDM) (http://www.rmdmgroup.com) announces that the company is considering a merger with a US-based athletic food & beverage and apparel maker.

RMDM ("the issuer") management entered into merger negotiations with this California company. Incorporated in 1996, the California company ("the Company") offers a line of food & beverage products, as well as apparel, bearing worldwide registered trademarks. The brand captures the competitive intensity associated with ultimate fighting & action sports. RMDM management released information about the business nature of this company and some of its ongoing projects:

- The Company established a strategic alliance to produce UFC/Mixed Martial Arts competitions throughout the world, many of which will feature fighters sponsored by the Company. These events should be available on pay-per-view as well as other global media outlets.

- The Company markets self-branded fighting apparel & related merchandise worldwide to this popular and rapidly expanding market. The company secured endorsements with several professional athletes, such as Evander Holyfield, Yao Ming, Steve Nash, etc.

- The Company is an approved vendor with the U.S. Army and Air Force Exchange Service, and supplies energy drinks, gels and strips to the U.S. Armed Forces.

CEO of RMDM Mr Wynn Wang said, "We are mindful that RMDM shareholders are looking for an uplift in the share values. Currently Innotrek (the current operating subsidiary of RMDM) has transformed itself from a 2 and 3 star Beijing Wi-Fi hotel ISP provider to a full IT network systems and security integrator. Although this is a great and tremendous progress for RMDM our share prices have not reflected the same. We are looking at this USA based company merger to operate as a completely separate and unrelated industry subsidiary of RMDM. We are looking at it also as an uplift and a reward to our long-term shareholders, as we continue our previously announced an ongoing discussions with some of the buyout and amalgamation candidates for Innotrek. Both of these events are significant events which the company feels warrants this notice to the markets" 

The issuer will share more information on this potential merger as it becomes available. 

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of the Company that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. The Company cautions you that any forward-looking information provided by or on behalf of the Company is not a guarantee of future performance. Please read the full disclosure at this link http://www.minamargroup.com/edisclaimer/ None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind.

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