11.05
BEIJING, Nov 05, 2009 /PRNewswire-FirstCall via COMTEX/ — 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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