SOURCE: RMD Entertainment Group

June 12, 2006 10:06 ET

RMD Entertainment Clarifies Details of WECTAC Special Dividend

PHILADELPHIA, PA -- (MARKET WIRE) -- June 12, 2006 -- RMD Entertainment Group (PINKSHEETS: RMDG) announced today the clarification of the details regarding the dividend and licensing agreement with Wide E-Convergence Technologies Americas Corp ("WECTAC") that was announced previously in a press release in May, 2006. The special dividend has been finalized and will be payable to RMDG shareholders of record as of June 20th, 2006.

WECTAC has been granted a five-year exclusive license rights to market all of RMD Entertainment Group's current and future products in India and the Caribbean countries.

Under the terms of the agreement, WECTAC will issued fourteen (14) million Restricted Common Shares and twelve (12) million Warrants at $.10 per warrant to RMD Entertainment in consideration for the 5 year exclusive license. RMD's management will be delivering a minimum of ten (10) million and a maximum of twelve (12) million of these restricted shares to its shareholders in the form of a special dividend on June 20th, 2006.

RMD CEO Giorgio Costonis commented, "Management recognizes the value of competing in India and the Caribbean countries. We are hopeful that WECTAC can create a substantial customer base there for all of our Urban Media content."

About RMD Entertainment Group

RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. RMD has significant successes internationally and its staff producers have collaborated with some of the most influential names in the music today including Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Stevie Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others. The Company currently possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal in North America and in Europe through the Pickwick Group Ltd. of London.

RMD also owns Sciax Technology, Inc. and Sciax America Inc., companies that develop and market defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Wolf Pack, the company's tactical remote viewing system, is manufactured under license from Eomax Corp. and is used by law enforcement and military organizations in North America and Europe. Customers include military and law enforcement agencies of the U.S. and German governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of RMD Entertainment Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

FOR FURTHER INFORMATION, go to the Company's website at: or contact: Jed Wallace, Publicist, Phone: (310) 234-3200,

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