Sale of TiDi Gaming Completion, New USA-based Director for ULA, Preliminary Financial Results, No Reverse Stock, No Recapitalization
RMDM is also pleased to announce the appointment of a US based Director of RMDM,
The company accountants are currently working on Q2 and Q3 for RMDM. In summary, Q2 preliminary numbers are indicating revenues of about
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ULA holds a secret to a unique liquor distillation procedure. Their secret procedure allows distillation of unique spirits with superior flavor 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.
Lastly, the company has been receiving many inquiries about a stock split/reverse and dilution. The company issued two separate news releases on this issue. Namely, on
Simply put, there will be no reverse split with previous split rescinded and no recapitalization. Mr.
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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.
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SOURCE RMD Entertainment Group