2010
09.03

Innotrek (RMDM) Corporate Update, Fall 2010

Beijing, China, September 3, 2010 — RMD Entertainment Group (RMDM; http://www.rmdmgroup.com)’s operating subsidiary, Innotrek Technology Co. Ltd., continues to do brisk business in China. Innotrek has expanded its business from a simple hotel-based Internet service provider to full systems operations.

RMDM was also recently entertaining several merger proposals: one with a US-based media company, and another with a China-based modem company. Both of these transactions are now off the table for RMDM. The US-based company appeared to be a good candidate, but – without releasing the company’s name – the market was informed of the potential transaction, and after initially reacting favourably, prospective investors quickly reversed their opinion. The company is unsure if this quick reversal reflected actual market opinion, or if it was a result of traders flipping RMDM stock for quick profits.

Whatever the case may be, RMDM remains committed to its long term shareholders. The company will shortly unveil a China-based expansion plan, which by all accounts should breathe new life into RMDM. The company will provide further updates as they become available.

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8 comments so far

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  1. Does anyone have anymore information on RMDM>???

  2. “RMDM was also recently entertaining several merger proposals: one with a US-based media company, and another with a China-based modem company”

    What happened with the chinese merger proposal????

  3. Does anyone have any updates on the mereger proprosals?????????

  4. Keep us updated on any news ..

  5. Looking forward to see the outcome of the China -based expansion plan …

  6. If it can pull off the quick profit then i would say this is a home run stock 100%

    • after all china has the largest stock profuts

      • RMDM–> 0.0002 right now!

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