NEW YORK, June 12, 2012 /PRNewswire/ -- RTG Ventures, Inc. (OTCQB: RTGV) has today announced that the acquisition of Brand Entertain (BE) by the company has been completed. The 8-K has been filed with the SEC coincidentally.
Reggie James Executive Director and Senior VP of Marketing Communications said, "The hard effort by the teams at RTGV and BE has culminated in a very exciting new milestone for the company that commercially and intellectually embraces the seismic shift that is occurring in sports, music & entertainment." James added, "This truly is a force of talent and technology. We have massive collaborations underway with companies such as Aderra and others in music and live streaming as well as Brand Entertain's reach into localized business models and exciting new sporting programmes."
"We are enthusiastic about integrating Pulse Station into multi-channel entertainment platforms in sports and music," said Cord Pereira, Managing Director of Brand Entertain. "This includes Teen Star, Clean Water Tour, National Volleyball League and other projects in our development pipeline."
Steve Baughman head of US operations added, "The recent trip to New York has laid the foundations for some incredible new business opportunities in app development that will not only embrace the available skills and technologies in the new company but also help us tap into the $1.7 billion in-app advertising market."
The management is preparing a letter to shareholders. The letter will outline the financial structure of the acquisition which is performance based and similar to the recent acquisition of Digital Clarity. The structure is built around a reflection of the new valuation methodology which includes reach and users that creates revenues and is representative of a new generation of companies in the media and technology industry.
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, 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 RTGV.
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.
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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.
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SOURCE RTG Ventures, Inc.