RMD Entertainment Group (RMDM) Targets Merger With USA Based Athletic Apparel and Energy Supplement Manufacturer

In: News

19 Aug 2010

RMD Entertainment Group announces that the company is considering a merger with a US-based athletic food & beverage and apparel maker.

RMDM (“the issuer”) management entered into merger negotiations with this California company. Incorporated in 1996, the California company (“the Company”) offers a line of food & beverage products, as well as apparel, bearing worldwide registered trademarks. The brand captures the competitive intensity associated with ultimate fighting & action sports. RMDM management released information about the business nature of this company and some of its ongoing projects:

– The Company established a strategic alliance to produce UFC/Mixed Martial Arts competitions throughout the world, many of which will feature fighters sponsored by the Company. These events should be available on pay-per-view as well as other global media outlets.

– The Company markets self-branded fighting apparel & related merchandise worldwide to this popular and rapidly expanding market. The company secured endorsements with several professional athletes, such as Evander Holyfield, Yao Ming, Steve Nash, etc.

– The Company is an approved vendor with the U.S. Army and Air Force Exchange Service, and supplies energy drinks, gels and strips to the U.S. Armed Forces.

CEO of RMDM Mr Wynn Wang said, “We are mindful that RMDM shareholders are looking for an uplift in the share values. Currently Innotrek (the current operating subsidiary of RMDM) has transformed itself from a 2 and 3 star Beijing Wi-Fi hotel ISP provider to a full IT network systems and security integrator. Although this is a great and tremendous progress for RMDM our share prices have not reflected the same. We are looking at this USA based company merger to operate as a completely separate and unrelated industry subsidiary of RMDM. We are looking at it also as an uplift and a reward to our long-term shareholders, as we continue our previously announced an ongoing discussions with some of the buyout and amalgamation candidates for Innotrek. Both of these events are significant events which the company feels warrants this notice to the markets”

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