RMD Entertainment Group (RMDM) Finalizes Acquisition of United Liquor Alliance

Thu Nov 5, 2009 9:01am EST
 
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BEIJING, Nov. 5 /PRNewswire-FirstCall/ - The RMD Entertainment Group (RMDM;
http://www.rmdmgroup.com) announces that it finalized the acquisition of
United Liquor Alliance.
United Liquor (ULA) www.united-liquor.com 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.
"We are looking forward to a profitable future of working with RMD
Entertainment Group and are happy to be part of their team," said Shane
Cooper, United Liquor's President, who added; "The more you begin to imagine
what the future holds for our company, the more you can easily see that we are
on the path to rapid expansion here."
ULA holds a secret and unique liquor distillation procedure. Their 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 a fraction of the normal aging time. The company keeps
the procedure secret to assure the uniqueness of their brand and secure a
competitive edge over the mainstream competition.
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.
In other company news; RMDM will shortly update its corporate web site
http://www.rmdmgroup.com to reflect this merger change and begin to remove the
TiDi gaming division as per the news release of November 4, 2009 in
anticipation of the successful closing of the pre packaged sale of TiDi
Gaming.
Mr.Wynn Wang CEO of RMDM said "These are exciting times for us here at RMDM as
we see a lot of upside potential for RMDM as a group. The new alliance with
ULA and the upcoming sale of TiDi completes our corporate expansion and
reorganization plans. Our followers will soon start receiving regular, and
timely updates from both of our China and USA based operating subsidiaries as
we focus all of our energy on daily operations drumming up new business and
new contracts as we begin to restore some long overdue respectability back to
RMDM"
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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: For any investor relations matters, please contact
www.minamargroup.net/helpdesk; Investor Relations Department Inquiry,
www.minamargroup.net (IR); For (M&A) and Corporate Matters,
www.minamargroup.com

SOURCE  RMD Entertainment Group

For any investor relations matters, please contact
www.minamargroup.net/helpdesk; Investor Relations Department Inquiry,
www.minamargroup.net (IR); For (M&A) and Corporate Matters,
www.minamargroup.com

 

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