SOURCE: RTG Ventures Inc

September 29, 2009 08:39 ET

NMTV Pilots London HQ for Global Rollout

NEW YORK, NY--(Marketwire - September 29, 2009) - RTGV (OTCBB: RTGV): NMTV has announced an exciting new stream to its business plan that will dramatically expand its capabilities in online media, particularly relating to production of content for broadcast over the internet. NMTV has entered into negotiations to take over a site in London's West End and transform it into a new media hub with the capability to produce, record, edit, merchandise and broadcast content on the internet -- both live and pre-recorded. The London center will be a pilot site with further centers planned in other major arts centers such as New York, Los Angeles and Paris. In addition to providing venue-based services, a core part of the NMTV proposition will be providing software services to manage payments, multicast streaming and bandwidth to ensure broadcasts can be monetized. NMTV will also be able to deliver content to and facilitate payments on mobile platforms.

NMTV already has movie and TV production facilities in its Bristol studios, announced in September. The urban centers, of which London is the first, will be different in that they will be specifically geared for live and pre-recorded internet broadcast and will therefore be smaller, lower cost and faster to air. In addition to generating and broadcasting its own content, the centers will provide a focus for the latest multimedia technology and will be open to advertising agencies, government bodies and other partners that have a need to create and broadcast content on the internet quickly and interactively.

Dominic Hawes-Fairley explained the concept: "At the top end, online media is already dominated by some of the world's biggest companies, but most of the traffic happens at a grass roots level. Between the amateurs with cameras on YouTube and the giant aggregation deals being thrashed out by the likes of hulu.com there's a lot of space, this is where we expect the next new mega-growth online media model to come from.

"We intend to use the centers to attract the best and brightest talent and have them work in our labs to trial and develop new business models using the technologies we put in place. Each center will be run as a business in its own right, but will also act as sales offices for the operating companies within the group."

In establishing physical centers in the world's leading creative centers, NMTV will provide an invaluable resource to advertisers, brand owners and artistes who need to create and distribute broadcast output for the internet.

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