PHILADELPHIA, PA--(Marketwire - January 15, 2008) - RMD ENTERTAINMENT GROUP, INC. (PINKSHEETS: RMDM), a Music and Entertainment Company focused on the development and marketing of "Urban Media Content" worldwide, today announced it will be increasing the number of music titles and other digital content offerings in 2008, beginning at the end of the current quarter.
The move has been made to substantially increase the company's earnings power by offering other content providers products world-wide, serving as a global distribution provider and sharing in the revenues. "RMDM has been able to attract the attention of several strong urban labels with music content and artists that are very recognizable within the global hip-hop community. These labels have a strong following and their artists have earned tens of millions of dollars in past releases," says Giorgio Costonis, CEO of RMDM. He continued, "This is a win-win situation. Partnering with these companies going forward on content allows us to drive revenues from sources outside of our artists without the huge expense of promotion. From the label's standpoint, we can usher them into the digital age more effectively than other companies to help them make more money digitally to offset the huge losses in the industry on traditional compact discs and DVDs. We will continue to be aggressive in this service offering and see it as a great book of service for the company going forward this year and beyond."
Management informed us at press time that there were three companies that were in discussion with the company at present time and announcements would be made with the company names when contracts were completed and signed. It was also noted that the first of these announcements was expected shortly and content from that particular company was expected to be available in the first quarter of 2008 barring any delays with contracts.
Marketing of "Urban Media Content" or more commonly known as Hip-Hop music worldwide includes digital downloads and personal "Ringtones" for mobile phone customers. RMD currently has a promotional partnership with MOTV (www.youtube.com/motv1) that allows RMD to promote its music content through high traffic areas of multimedia broadcasts of video content on cable, internet, and mobile arenas. The Company currently possesses an impressive Hip-Hop catalogue that is distributed through 75 digital distributers world-wide and directly through mobile carriers.
Based out of Florida with satellite offices in New Jersey and Delaware, RMD Entertainment has formed one of the most extensive distribution channels around the world for Hip-Hop lifestyle products and is the next step in the evolution of Urban Media Content. RMD elevates Hip-Hop music to a higher standard of excellence in economic performance and moral ethics in the music industry.
For further information on RMD Entertainment Group, visit the Company's Web site: www.rmd-entertainment.com.
Safe Harbor
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by RMD Entertainment Group, Inc., are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of RMD Entertainment Group, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
Contact
RMD Corporate Offices
888 508 5445
mena@rmd-entertainment.com
