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