SOURCE: RMD Entertainment Group

March 16, 2007 09:30 ET

Massive G Media Positioned to Roll Up Hip Hop Media Assets

"Giorgio Costonis -- Crowned the First Hip Hop Oligarch"

PENNSYLVANIA, PA -- (MARKET WIRE) -- March 16, 2007 -- MASSIVE G MEDIA CORP. (a Nevada corp.) (PINKSHEETS: MSGM) The Company ratifies its previously completed re-organization of its Board of Directors & assets and liabilities pursuant to its previous business agreement with RHN Network Holdings (MD), Mecanismo Corp., Anton F. Muhammad (a/k/a Atonn Muhammad) and other ex-officers and directors.

The RHN Network Holdings "assets and liabilities" are now the subject of the senior secured lenders liens filed and accepted in Nevada and Maryland. Upon the Agents' complete inspection of the RHN assets and liabilities, distributed TV network audience and other disclosed properties, the senior lenders Agents did not find sufficient evidence that the RHN's audience was ever approximately 30 million viewers/subscribers as advertised and as previously stated in numerous press releases from October 2006 to the present. Certain of the Company's prior releases had announced that RHN was also to be seen by Cable subscribers in major metropolitan markets from the 1st Qtr 2007. The lenders found no evidence that this could be factual, possible or probable given the cash position of the Company pursuant to the Lenders' review. The Lenders were contacted by numerous other RHN Network Holdings' (MD) projects who've served to confirm the nature of RHN's business.

On March 5th, 2007 after notices were sent directly to the Company and its Counsel, the Company's majority shareholders defaulted on its senior debt interest payment resulting in the filed Liens against the Collateral. Anton Muhammad has since verbally alluded to an assets & liabilities cash purchase proposal to Mecanismo Corp., the entity that now owns and controls these assets and liabilities. So far no offer has been received by any party.

Giorgio Costonis, President & CEO of Massive G Media Corp. & RMD Entertainment, stated: "Our investors in RHN including RMD Entertainment (PINKSHEETS: RMDN) have in most cases successfully negotiated with the Creditors and we fully intend to implement revenue drivers and licensing opportunities for some of the RHN materials, but quite frankly RMD's production source has stronger and fresher content to combine with the more historical RHN archives. Hip Hop is about being fresh; everything has a shelf life."

The Company is called Massive G Media Corp. (PINKSHEETS: MSGM) effective 16th March 2007. There are 200,000,000 Shares Authorized, Common Issued and Outstanding 82,838,372.

Forward-looking statements in this news release relating to the Company's expectations regarding the Company's demand and pricing are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used herein, words such as "expect" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions made by and information available to the Company. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, without limitation, the future demand for, and sales volumes of, the Company's products, future production volumes, efficiencies and operating cots, increases or decreases in the prices of the Company's products, the Company's future stability and growth prospects, the Company's future profitability and capital needs, including capital expenditures, and the outlook for and other future developments in the Company's affairs or in the industries in which the Company participates and factors detailed from time to time in the Company's periodic reports filed with the United States Securities and Exchange Commission, and other regulatory authorities. The Company has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information