SOURCE: RMD Entertainment Group

November 28, 2006 12:30 ET

RMD Entertainment Group JV Secures Exclusive TV "Hip Hop Hall of Fame" Event Inducting "Tupac Shakur" & "Biggie Smalls"

PHILADELPHIA, PA -- (MARKET WIRE) -- November 28, 2006 -- RMD Entertainment Group (PINKSHEETS: RMDG), in conjunction with co-executive producer Global Media LLC, announced today exclusively in an interview on ( that the Hip Hop Hall of Fame Awards, Induction Ceremony and Concert (the "Event") will take place at the legendary Apollo Theater, New York, NY. The date of the Event will be announced through all major TV media outlets.

The two-hour special Event will be produced by Global Media LLC and ION Media Networks pursuant to the mutual satisfaction of the Licensor and Licensee. ION Media Networks, Inc. (formerly Paxson Communications Corporation) is a network television broadcasting company which owns and operates the largest broadcast television station group in the United States, as measured by the number of television households in the markets the Company's stations serve. ION provides network programming seven days per week, 24 hours per day, through its broadcast television station group and pursuant to distribution arrangements with cable and satellite distribution systems.

Co-executive producers Global Media LLC and RMD Entertainment Group have further agreed that RHN.TV (Real Hip Hop Matrix) (RMHX) will distribute the Event thereafter through U.S. cable, satellite and internet networks.

Giorgio Costonis, CEO of RMD Entertainment Group, stated, "We are delighted with our role to executive produce this spectacular star-studded Event with such venerable partners. RMDG now adds these shared revenue drivers along with our partners including, but not limited to, advertising, branding, merchandise sales, DVD sales, Pay-Per-View sales, Video-on-Demand, and MOTV subscriptions, all of which we will channel with highly exclusive and sought-after hip-hop content."

Global Media LLC (Owner & Operator of Hip Hop Hall of Fame) CEO James T. Thompson stated, "Hip Hop Hall of Fame has once again become an astonishingly hot property. The advent of Tupac Shakur and Biggie Smalls being inducted into the Hip Hop Hall of Fame a decade after their deaths only serves to make the Event all the more exciting. Hip-hop culture is a 'Madison Avenue' sweetheart as is evidenced everywhere in the popular media. Our Joint Venture organization will be booking major advertising campaigns with several well-known brand names and a major credit card vendor for this special Event. The talent roster for the Event is a who's who of hip-hop entertainment. Event details, hosts, presenters, performances and Event DJs, along with special appearances, will be released in an upcoming public announcement. This is all very exciting."

Instrumental in orchestrating these parties together and planting the seeds of future content distribution and advertising sales, Kendrick Lesane, COO of RHMX + RHN.TV ( and first cousin to the late Tupac Shakur, stated, "We believe that this example of special Event programming is a view into a wave of future collaborations between cable, satellite and IP delivery in a highly stylized, branded format. RHN.TV will use this Event product and others like it to break RHN.TV into new U.S. markets and win deeper subscriber loyalty through stylized branding, programming and advertising in larger metropolitan markets. RHMX will be re-branding and converting Event content for certain new Customers who market innovative portable audio and video players and for mobile phones that play MP3 and MP4 files. Our bet is that a large portion of the world's content subscribers will be regularly watching TV broadcasts on mobile devices within two years. This will open up lucrative markets for both content producers and network distributors. It's all good."

About Real Hip Hop Matrix + RHN.TV

Real Hip Hop Matrix + RHN.TV is the first 24-hour cable network dedicated exclusively to hip-hop lifestyle and culture. RHN.TV currently broadcasts to approximately 22 million U.S. households. The Washington, D.C.-based network has a regular programming schedule devoted almost entirely to the hip-hop marketplace with a targeted selection of programming centered on the foundation of hip-hop's core elements: Deejaying, Emceeing, Break dancing and Graffiti.

Target Audience: 18-34 demographic, in both urban and suburban markets; certain programming is targeted toward the 12-24 audience.

Distribution: RHN.TV can be seen in over 22 million U.S. households through Dish Network (Channel 9407), Comcast in Denver (Channel 55) and in LA on Adelphia through a programming agreement with CoLours TV. RHN.TV has been on air in the Washington, D.C. market through MHz since July 1, 2006. RHN.TV's distribution through OlympuSat provides 24-hour access to 15 million homes in 2005 growing to approximately 43 million homes by 2008. OlympuSat provides distribution through a multi-content agreement with Dish Network, Direct TV and the top 10 major cable channels. IP distribution of RHN.TV is offered through a partnership with ROO Group Inc.

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About ION Media Networks

ION Media Networks, Inc. owns and operates the nation's largest broadcast television station group and the i network, reaching over 92 million U.S. television households via its nationwide broadcast television, cable and satellite distribution systems. For more information, please visit About RMD Entertainment Group

RMD Entertainment 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 PDA's. The Company currently possesses an impressive hip-hop music catalogue, which it distributes 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.

Forward-looking statements in this news release relating to the Company's expectations regarding RMDG, RHMX, ION 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 RMDG Entertainment Group ION Media Networks, Inc and Real Hip Hop Matrix Corp. 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.

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