October 08, 2009 15:49 ET

NMTV Hones in on Corporate Market With iPAYU's Mobile Payment System

NEW YORK, NY--(Marketwire - October 8, 2009) - RTGV (OTCBB: RTGV): NMTV has focused on the business market and is now seeking partnerships with mobile networks to deliver value-added solutions for cashless payments to large companies. Since the Letter of Intent was signed on August 24th, there have been meetings with targeted potential partners to utilize the iPAYU technology. These discussions were successful and reinforced our business model which will have a robust, next-generation, mobile telephone market in NMTV's payment systems division. A recent study published in the Economist stated: "More than 4 billion mobile phones are now in use worldwide... and a new opportunity beckons... as mobile money allows cash to travel as quickly as a text message."

Barry Fludgate commented, "The mobile phone is now a part of every one of us and plays a more increasing role in people's lives. To use the handset as a payment device is just a natural extension of what is already happening."

The addition of iPAYU to NMTV could not have come at a better time. It is a payment system that uses the mobile telephone and SMS messaging to initiate small value payments and transfers. iPAYU processes electronic vouchers that can be redeemed at registered merchants either over the Internet or at an attended Point Of Sale using the mobile phone for confirmation in both cases.

Further strengthening iPAYU's position, is that its parent company is well positioned in the financial community. International Financial Systems provides software solutions and services to banks, credit unions and financial institutions worldwide. It has a range of products covering Core Banking, Compliance, Internet and Mobile Phone banking which are available in a range of configurations to suit customers of all sizes. International Banking Systems has been established for over 21 years. www.i-financial.org

About NMTV: RTGV, through NMTV, has a new media business model which leverages an exclusive technology to deliver multicast transmissions of TV quality transmissions without buffering or freezing. This is a significant technological breakthrough and provides a competitive edge to its shareholders. The evolving venture originally included a 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 customers. This asset has been sold. A (new media) studio has been identified in Bristol, England which provides a better base, with all ancillary services, i.e. post-production and music gallery facilities, already available. Broadband is the global growth engine of the 21st century for new media. NMTV's technology and multiple revenue steams from its television production company to a payment systems product with 3 brands, epaypoint, Web-Pay and iPAYU to manage consumer cash flow through the Internet in the most cost effective and secure methodology, positions it well for the future through both organic growth and growth by acquisition. NMTV's objective is to become a leader in new media and reward its stakeholders: shareholders, customers, suppliers and business development partners. For all available Due Diligence, visit our 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