RTG Ventures Update On Share Structure
NEW YORK, Feb. 6, 2013 /PRNewswire/ -- RTG Ventures, Inc. (OTCQB: RTGVD),
On February 5, 2013, FINRA announced a reverse split of RTG Ventures' shares at 1:100. The corporate action took effect at the open of business. The new symbol on this date will be RTGVD. A "D" has been appended as the 5th character for 20 business days including the effective date.
The Board of Directors, after on-going discussions with principals of companies in which there is serious mutual interest, agreed a higher price point would be required for any potential deal. The Company has been undervalued for a very long time, and even a 5-month moratorium on common stock share issuances did not change the situation. A reverse split maintains the same ownership ratios while producing a higher price per share. Likewise, bridge financing required a higher price point as well.
The new share structure provides a more stable capitalization for its commercial activities going forward. The Company, through its Board of Directors, is currently in serious discussions with 3 different private companies, each of whom has revenues, for a strategic alliance or acquisition.
The name and symbol change will follow shortly.
About RTG Ventures
RTG Ventures offers Music & Entertainment Technology Solutions and Digital Marketing Services. Harnessing the strength of its digital marketing agency, that has a trusted reputation over the last 8 years, the company has applied its knowledge process in developing cutting edge technology platforms for web, mobile and tablet devices.
Using Digital Clarity's application in the Marketing and Social arena, RTG Ventures offers a unique value proposition of intelligent, analytics based technology solutions with the support of an experienced digital marketing team. RTG Ventures, Inc. is an OTC:QB Company. Symbol RTGVD.
About Brand Entertain
Brand Entertain develops strategic, multi-channel branded entertainment properties and ventures that drive consumer engagement and grow product sales for brand partners online and in-store. Brand Entertain plays the roles of developer, packager, co-producer and licensor when it comes to original branded entertainment and media platforms.
Brand Entertain provides the strategy, architecture and strategic partner development necessary to finance and operate economically viable properties.
Safe Harbor Provisions
The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
IR Contact: email@example.com
SOURCE RTG Ventures
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.