RTG Ventures Moving Toward NMTV
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NEW YORK, NY, May 27 (MARKET WIRE) --
RTGV (OTCBB: RTGV) successfully launched its investor awareness website
(http://www.rtgventures.com) 6 weeks ago as another milestone toward
concluding the Share Exchange Agreement and becoming New Media
Television, Inc. (NMTV). The growth engine for the company is new media
and the evolving opportunities for the exclusive broadband technology and
digital applications, as well as the traditional lines available to the
studio, film optioning and financing, production and distribution for
cinema and television. NMTV's vision as a fully-integrated media vehicle
continues to develop.
Alongside the explosive growth of broadband and online video, time spent
on social networks has surpassed that of email, signaling a paradigm
shift in consumer usage patterns. In order to be in a leading position to
leverage this trend, NMTV has initiated a project to integrate its own
social network into the Business Plan. This would represent another
revenue stream, while reinforcing the synergy with the providers of niche
content. Marketers have yet to master advertising on social media, but
Neilson Research has predicted "over the next 12 months a model will
emerge that takes into account the influence factor of users who wield
disproportionate power." NMTV intends to be on the forefront of the
advertising model and revenue stream.
On the payment systems side of the business, Barry Fludgate, NMTV's
designate-CEO and CFO of RTGV indicates NMTV is better positioned than
ever in this business: "After decades of oftentimes predatory credit
systems, the current economic climate suggests a model for independent,
cost-effective secure digital payment systems which are user-friendly and
transparent while providing significant benefits to cash flow and
profitability for NMTV. What began as a payment system for the media side
of the business will now have a full consumer side." The acquisition of
Web-Pay prior to closing, will provide NMTV's epaypoint with a second
brand, as well as experienced management with Steve Howes, its CEO.
Within the next month, Linda Perry, RTGV's CEO will travel to London to
develop a timeline for the closing in New York City. The timeline,
including the closing date, will be announced to shareholders by RTGV from
London. An equally important purpose of the trip is to meet with European
investors and to assess certain business development opportunities which
include: acquisitions, joint ventures, strategic alliances and specific
project funding which are potentially of interest to the venture going
forward. NMTV intends to be positioned to take advantage of the best
situations available in the current environment.
The officers of both companies are very excited about the prospects going
forward in what has become an enhanced investment opportunity for its
shareholders. The Business Plan and its execution will represent a
seamless transition as business development has been taking place while
the details and clean up has occurred pre-business combination. We expect
the shareholders to be very pleased with the resultant, sustainable
venture which has been methodically designed to enhance shareholder value.
About NMTV: NMTV is a media venture utilizing a new exclusive broadband
technology which delivers multicast transmissions ensuring TV quality
without buffering or freezing. Its infrastructure is comprised of an
established studio complex outside of London with six operational
subsidiaries, an investment vehicle which owns the freehold on the studio
property, and a television production operation which has joint venture
agreements with 15 internet channels. The Company has a payment system
product with two brands, epaypoint and Web-Pay, geared to the Internet and
designed to accommodate exponential demand for media and is a natural
extension for NMTV. Initiatives are also underway in Reality TV and
ongoing natural history filming. Other subsidiaries hold film interests
via script rights.
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.
Investor Relations Contact Info:
Contact:
Dale Baeten
Email Contact
920 418 0153
Copyright 2009, Market Wire, All rights reserved.
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