BEIJING, CHINA--(Marketwire - July 30, 2010) - RMD Entertainment Group (PINK SHEETS:RMDM) (http://www.rmdmgroup.com) is pleased to disclose the financial statements for the January 1 - June 30, 2010, period.
At the end of Q2, the company's revenues totalled $2,424,165, with a net income of $469,076. This healthy profit is a result of progress on projects RMDM subsidiary Innotrek Technology Co. Ltd. has underway China. Innotrek technology started several hi-tech projects in cooperation with local governments and the company continues to prosper despite the negative market pressures encountered by the RMDM security.
Company financials are now available for review on Pink Sheets, "Financials" section.
In other company news and events RMDM management continues discussions with several USA and China based companies for a possible merger or amalgamation business transactions. Details will be made available as they crystallize further.
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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.
SOURCE: RMD Entertainment Group