SOURCE: RTG Ventures, Inc.

August 24, 2009 09:08 ET

RTG Ventures, Inc. (RTGV) Announces iPAYU Added to Investment Model

NEW YORK, NY--(Marketwire - August 24, 2009) - RTGV (OTCBB: RTGV) has signed a Letter of Intent (LOI) with International Financial Systems Ltd. (IFS), a private company, to include as another dimension in the payment systems aspect of the venture which already includes epaypoint and Web-Pay. The LOI provides an exclusive option to purchase the intellectual property rights for iPAYU and the right to operate its business.

iPAYU is a person-to-person (p2p), person-to-business (p2b) and business-to-business (b2b) prepaid payment system that provides a controlled payments service to the banked, unbanked and youth demographic alike using the most common of new media devices, the cell phone. iPAYU uses low-cost SMS messaging to initiate small value payments and transfers enabling the merchant and the consumer to achieve considerable cost savings over traditional payment methods. It also has its own electronic voucher system which can be redeemed at registered merchants over the Internet or at an attended Point of Sale using a cell phone for confirmation in both cases.

The upside for iPAYU vouchers is almost limitless, as it is based on a revenue stream with substantial growth potential following projections established for the global debit card market. Some examples are:

--  Loyalty Programs
--  Gift and Reward Programs
--  Additional credit on prepaid cell phones
--  Online shopping
--  Purchasing 3G content
--  Community Programs
--  Student Programs

Terry Day, Managing Director of IFS, said: "I see this as a wonderful opportunity to bring the benefits of iPAYU to the young, and the unbanked, to change the face of payment systems forever."

Linda Perry, RTGV's CEO, is arranging the details of her trip to Los Angeles, which is being scheduled to meet with a broad array of contacts. Because of holiday schedules, the itinerary is still being developed.

About NMTV: RTGV, through NMTV, has a new media business model which leverages an exclusive technology to deliver multicast transmissions of TV quality without buffering or freezing. This is a significant technological breakthrough and provides a competitive edge to its shareholders. The evolving venture includes an established 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 broadband customers. Broadband is the global growth engine for new media in the 21st century. NMTV's technology and its multiple revenue streams from ancillary businesses, such as its television production company and a payment systems product with two brands, epaypoint and Web-Pay to manage new media, as well as consumer cash flow through the Internet is the most cost effective and secure methodology. Through both organic growth and growth by acquisition, NMTV will become a leader in new media and reward its stakeholders, shareholders, customers and suppliers. For all available Due Diligence, visit the website at:

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