RMD Entertainment Group (RMDM) Launch Of Share Reduction In Float and Outstanding

BEIJING, Nov. 9 /PRNewswire-FirstCall/ - RMD Entertainment Group (RMDM; http://www.rmdmgroup.com) announces its aggressive plan to reduce both its outstanding and float share structure. The share reduction plan, which began early in October, 2009; is well under way. This will be a III phase share reduction in both outstanding and the float.
Phase I saw the company reduce its outstanding share structure by 400 million shares. This represents approximately 5% of the RMDM outstanding and current float.
Phase II is a complex transaction involving the stakeholders of over 5% in RMDM agreeing to a lock up agreement which will essentially reduce the current float by another 400 to 800 million shares.
Phase III will be when amongst other things, the issuer will approach individual (as permitted by law) shareholders on its NOBO list and offer conversion privileges from common stock to preferred stock. The preferred stock will pay annual cash dividends and will have conversion privileges back to common stock at some point in the future.
Phase IV will be a reorganization of the capital structure.
The company projects that these four phases being worked on simultaneously, may reduce RMDM's outstanding share structure to about 1 to 2 billion outstanding shares, from the current 9.8 billion.
Shane Cooper, United Liquor's President, (ULA) added; "We are very pleased with the restructuring of RMDM. We believe the added clarification to stockholders and the new corporate structure fits with ULA goals for rapid growth and stockholder value. The merger with RMDM is opening new doors for ULA which we look forward to sharing with stockholders in the near future."
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.
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