SOURCE: RTG Ventures Inc

January 19, 2011 12:31 ET

RTG Ventures Filing 10Q Today

NEW YORK, NY--(Marketwire - January 19, 2011) - RTG Ventures, Inc. (OTCBB: RTGV) is filing its latest 10Q quarterly report today, showing consolidated financials for its first quarter operating as a combined group following the acquisitions of Bitemark MC Limited and Stylar Ltd (Digital Clarity), completed September 3, 2010. The report shows detailed financials for the period of September 1, 2010 through November 30, 2010 and shows a gross profit of 49% on revenues of $451,303.

Commenting on the filing, Dominic Hawes-Fairley, CEO & President of RTG Ventures, said: "Our top line revenues for the period equate to annualized revenues of $1.8m. While this is a little behind the $2m achieved for the last calendar year, we see this as a very strong result given the difficult economic climate in Europe and the restructuring of Bitemark MC and, by the end of the year, we expect to have regained momentum to deliver results on forecast.

"BMC's re-structuring is now nearing completion. These results prove that the company has managed to maintain reasonable revenues even though it has deleted half its product catalogue as part of the repositioning undertaken post-acquisition. Digital Clarity continues to outperform the market and is a valuable contributor to the top and bottom line.

Average daily trading volumes in RTG have been increasing dramatically in recent weeks as the result of the company's investor awareness program and in anticipation of the release of its disruptive technology products. Websites like have now marked the stock as a "strong buy."

Hawes-Fairley continued: "We're very close to seeing revenues reported in each of our divisions now, and it's the media and payments technologies, supported by our Solutions division that will be the real revenue drivers in the future. The real story of RTG is only just beginning and those industry insiders that have caught a glimpse of our future quickly become ardent supporters. We fully expect to meet the expectations expressed in our business plan of $8m in year one and $50m in year three."

The 10Q filed today was the company's first consolidated filing and Hawes-Fairley added that because the acquired operating companies are outside the United States, harmonizing and quantifying business practices to GAAP standards required a significant amount of additional work. All of the company's professional advisors worked together to create transparent accounts.

Hawes-Fairley concluded: "We are establishing internal best practice guidelines in order to simplify the company's financial reporting requirements."


RTG Ventures, Inc. is a NASDAQ BB listed company (OTCBB: RTGV) offering a turnkey media monetization solution to rights owners of music video content. At the heart of RTGV's total product offering is a Monetization Platform which allows rights owners to define and tag media content in detail, set and enforce rights management and distribution rules, receive payment on distribution and obtain detailed analytics in real time.

RTG Ventures is organized as three divisions: Media Systems, Payment Systems and Software and Services, each of which contains both wholly-owned companies and joint ventures with independent business plans, strategies and management. In addition to servicing their discrete markets, these companies all contribute to RTG Ventures' total product offering for media rights owners. For further information, see


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.