RMD Entertainment Group (RMDM) Targets USA Liquor Producer for a Merger
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Targeted Merger Company expects to grow their profits up to 20 million
over the next 2 years
BEIJING, Oct. 29 /PRNewswire-FirstCall/ - The RMD Entertainment Group (RMDM;
http://www.rmdmgroup.com) announces that it initiated talks and considers
entering into a business relationship or transaction that will involve a
merger with growing US liquor producer.
The RMD Entertainment Group (RMDM) and United Liquor (ULA)
www.united-liquor.com and www.sunshine-spirits.com targeted merger company has
been seeking an adequate distribution partner for their expansion plans, a
partner who would bring their superior products to the wider US public. The
present talks between RMD Entertainment Group and the US liquor producer
deliver both trust and promise of future cooperation. Both companies review
initial documentation and the further updates on the merger process will be
published shortly.
The US liquor producer, and RMDM's new partner, holds a secret to a unique
liquor distillation procedure. This secret procedure allows distillation of
unique spirits with superior flavour at optimal production margins. The
company is able to create unique blends of traditional liquors in fractional
distillation times. The company keeps the procedure secret to assure the
uniqueness of their brand and secure a competitive edge over the mainstream
competition.
Good pricing in the retail market also adds to the company's competitive edge
and secures its 25% Gross Profit. However, the company's expansion plan
predicts profits of 3 million in the first year, 12 million at the 18-month
mark and 20 million in the second year of their expansion plan.
The company plans to launch its first new product in the first quarter of
2010.
The RMD Entertainment Group's management feels that this is a material event
and that each stage with the new company requires a public announcement.
This merger is based on the targeted merger companies being able to meet and
exceed both management and long-term shareholders reasonable expectations. The
RMDM management works in concert with its preferred shareholders and its M&A
advisors on this merger and develops a complex preferred share exchange
arrangement. The result will see RMDM's current (both common and preferred)
share structure unchanged and undisturbed after the merger, including its
recent non dilution and non recapitalization policy.
The targeted merger candidate would acquire the preferred shares over time and
have an option to convert these preferred shares at a significantly higher
strike price than what RMDM is currently trading at. The targeted merger
candidates hope to benefit from this merger and increase their revenues.
RMD Entertainment Group is a holding company that locates and invests in
gaming and vending type businesses. The focus is on the entertainment, travel
and leisure Industries. The issuer operates a wide-span North American
distribution network.
In other company news, the company will shortly be updating Pink Sheets with
balance sheets of its existing operating subsidiaries and the Q3 financials.
This should suffice to have the "STOP" icon rank removed from the RMDM quote
on Pink Sheets.
More details will follow shortly including an update on TiDi Gaming Division.
To be included in RMDM's email database for press releases and industry
updates, please subscribe at or opt in with your email address at this link
http://www.minamargroup.com/updates/.
Safe Harbor Statement
Information in this news release may contain statements about future
expectations, plans, prospects or performance of RMD Entertainment Group that
constitute forward-looking statements for purposes of the Safe Harbor
Provisions under the Private Securities Litigation Reform Act of 1995. The
words or phrases "can be", "expects", "may affect", "believed", "estimate",
"project" and similar words and phrases are intended to identify such
forward-looking statements. RMD Entertainment Group cautions you that any
forward-looking information provided by or on behalf of RMD Entertainment
Group is not a guarantee of future performance. None of the information in
this press release constitutes or is intended as an offer to sell securities
or investment advice of any kind. RMD Entertainment Group's actual results may
differ materially from those anticipated in such forward-looking statements as
a result of various important factors, some of which are beyond RMD
Entertainment Group's control. In addition to those discussed in RMD
Entertainment Group's press releases, public filings, and statements by RMD
Entertainment Group's management, including, but not limited to, RMD
Entertainment Group's estimate of the sufficiency of its existing capital
resources, RMD Entertainment Group's ability to raise additional capital to
fund future operations, RMD Entertainment Group's ability to repay its
existing indebtedness, the uncertainties involved in estimating market
opportunities, and in identifying contracts which match RMD Entertainment
Group's capability to be awarded contracts. All such forward-looking
statements are current only as of the date on which such statements were made.
RMD Entertainment Group does not undertake any obligation to publicly update
any forward-looking statement to reflect events or circumstances after the
date on which any such statement is made or to reflect the occurrence of
unanticipated events.
CONTACT: www.minamargroup.com/helpdesk
SOURCE RMD Entertainment Group
www.minamargroup.com/helpdesk
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