SOURCE: RTG Ventures

August 03, 2009 12:22 ET

Closing Date Set for RTGV and ANHL et al.

LONDON--(Marketwire - August 3, 2009) - RTGV (OTCBB: RTGV) officers, both of whom will be Directors in the resultant Company as announced earlier, spent the last month in discussions with the principals of ANHL establishing a timeline for the closing of the Share Exchange Agreement to become NMTV, Inc. Linda Perry, RTGV's CEO, remained in London as promised to shareholders, until the objective was achieved. An equally important, secondary goal was to meet with all of the management and key decision-makers of the business development opportunities available to NMTV. A wide range of existing and new European investors came into London during the last month to participate in an array of discussions, in many varied venues, about the direction of NMTV to ensure the shareholders receive maximum ROI in the most cost efficient and effective manner. According to Perry: "The design and execution plan for NMTV as a key industry leader in new media has always been focused on shareholder value. Some investors have been frustrated with the length of time the venture has taken to get to this point, but the current environment, with opportunities to include exciting private companies not otherwise available, has been understood by long term and potentially new shareholders seeking the growth potential built into NMTV's blueprint. These individuals understand the hurdles encountered and will appreciate the care we took to get to the end point. We are proud of the result and look forward to sharing the benefits going forward."

The closing will occur on or before September 30, 2009 in New York City. RTGV has met all of its Conditions of Closing. ANHL is continuing to finalize all of its Conditions of Closing. RTGV is in the process of developing a warranty from ANHL regarding the Closing.

Perry will return to New York for approximately a week, and be joined by Barry Fludgate, after which she will travel to Los Angeles to focus on the sale of certain on ANHL's non-working assets, specifically the domain names. NMTV will benefit from the additional liquid assets to implement its acquisition program and provide the flexibility available with incremental cash and working capital. This action will dramatically impact shareholder value. Both Perry and Fludgate will put the timeline in motion this week. The deal is a global, vertically oriented media venture with individual business lines, including a stand-alone payment systems division, is multi-faceted and complex. The multiple revenue streams in separate businesses, provide uniqueness and flexibility which can be leveraged to the shareholder's advantage. While Perry is in LA, Fludgate will continue the development and stewardship in London. Preparations for closing will be underway next week and as the specifics of the timeline are achieved further press releases will take place.

About NMTV: RTGV, through NMTV, has a new media business model which leverages an exclusive technology to deliver multicast transmissions of TV quality without buffering or freezing. This is a significant technological breakthrough and provides a competitive edge to its shareholders. The evolving venture includes an established 44,000 square foot studio outside London which is equipped to service traditional film and TV requirements, while also being refurbished to attract state-of-the-art broadband customers. Broadband is the global growth engine for new media in the 21st century. NMTV's technology and its multiple revenue streams from ancillary businesses, such as its television production company and a payment systems product with two brands, epaypoint and Web-Pay to manage new media, as well as consumer cash flow through the Internet, is the most cost effective and secure methodology. Through both organic growth and growth by acquisition, NMTV will become a leader in new media and reward its stakeholders, shareholders, customers and suppliers. For all available Due Diligence, visit the website at: www.rtgventures.com

Safe Harbor Provisions: The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.

Contact Information

  • Investor Relations Contact:
    RTG Ventures, Inc.
    917 488 6473