SOURCE: RTG Ventures Inc

October 21, 2010 09:00 ET

RTG Ventures, Inc. Management Team Continues to Strengthen

NEW YORK, NY--(Marketwire - October 21, 2010) -  RTG Ventures, Inc. (OTCBB: RTGV) has appointed a digital media senior executive, Colin Burgess, to the position of Technology Director in its Media Systems Division. Under the terms of a 12-month consulting agreement which is designed to convert into a permanent role, Burgess will drive the development of the company's media management application, CloudChannel. The technology will be 'disruptive' in that it will make a consequential change to the way the online media market operates and is thus expected to provide RTG Ventures with a significant competitive advantage. 

Burgess joins RTG Ventures after four and a half years with the UK Government's Central Office of Information where he assisted organizations in planning, launching and running media-rich sites with particular focus on media asset management, licensing and interactivity. In addition to building over 20 sites, he also consulted in the creation of online TV services for Directgov -- the official site of the British Government www.direct.gov.uk. During his career Burgess has had proven success as an innovative online TV producer and digital director. He has launched three TV channels: Wingspan Air and Space Channel, Spine TV and adidas Originals TV, while specializing in online advertising, interactive micro-sites, mobile media, viral media and online catalogues.

Dominic Hawes-Fairley, CEO & President of RTG Ventures, said: "This appointment is a milestone for RTG Ventures, as the development of a media platform is at the heart of the company's business plan. Colin's combination of technology expertise and creativity provides unbeatable experience in this sector and he will bring both to bear in delivering the vision that we've articulated for our media products. Furthermore, he has already identified several ways of accelerating revenues for the Media Division by exploiting opportunities that exist in the short to medium term by tapping into his existing network.

"We've got aggressive revenue targets and adding a heavyweight like Colin to the team brings us a great deal closer to achieving those goals. If we're going to be a $50 million company in three years' time, we need to hire the best people in the business and with him, we've got just that."

In addition to his expertise in online media, Burgess has significant experience in business and strategy development for media businesses and will be fine tuning the product road map to ensure a strategic fit with the rapidly changing needs of the online media business.

Burgess commented: "I instantly saw the power and scope of RTG Ventures' vision and I'm really pleased to be leading its delivery. RTG Ventures has devised a way of solving the issue of content control, common to media owners, so the potential of our application is unlimited. As streaming platforms have become easily available on the internet, rights owners are faced with significant problems when it comes to monetizing their assets. It's easy and cheap to stream content from point-to-point, but it's very difficult to monetize syndicated streams. That's what the Media Systems application and the Payment Systems platform combine to enable rights owners to do. Our primary focus is the live music market, but there are many other media sectors that will also be able to use our application to manage syndication of their content while retaining control of their assets and ensuring that their rights are properly observed. Ultimately, we'll be able to pay royalties direct to all stakeholders to ensure that every cent that's earned is received by the right people."

RTG Ventures has also appointed a Managing Director for its distribution business, Bitemark MC (BMC), in the Software and Services Division. Marie Barry succeeds Dominic Hawes-Fairley who co-founded the company in 2001, and she brings significant experience in retail, management and distribution of consumer goods. Barry's main challenge will be to continue the company's transition into more mainstream consumer products while maintaining revenues in an extremely competitive retail market.

Hawes-Fairley concluded: "BMC faces a challenging task over the next twelve months, repositioning the company in order to support the needs of the RTG Ventures' group. Marie is the right person to make this happen. In addition, we're spinning the manufacturing side of BMC out into a separate company, RTG Manufacturing, which will assume responsibility for product design, manufacturing and international distribution of own-branded goods. We will be announcing a Managing Director for RTG Manufacturing in the near future."

RTG Ventures' management team continues to develop its strengths through organic growth, while seeking joint ventures and acquisition targets to speed products to market, increase revenue streams and increase return on investment. 

ABOUT RTG VENTURES, INC.

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 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.