BEIJING, Jan. 19 /PRNewswire-FirstCall/ - RMD Entertainment Group's (http://rmdmgroup.com/) China based subsidiary Innotrek Technology Co., Ltd. (http://www.innotrek.com/) plans to expand its services and focus a part of its production on exterior illumination.
With China's economic development, the exterior illumination projects regarding roads, buildings and landscape skyrocketed across the urban centers, and Innotrek Technology plans to enter this profitable business segment. The company plans a gradual entry into this market and will use its network of resources to assess and decide how to enter the segment successfully.
Mr. Wynn Wang said, "We know we are new to the exterior illumination, but our professionals have a solid expertise in science and technology, and this expertise certainly tops traditional multi-technology people who focus their work on municipal engineering. We just need to get our feet wet, to see and confront the technical obstacles before we can take on bigger, more profitable projects. This adaptation shouldn't take too long and we hope to generate some solid profits from this business segment in nearby future."
Further on Innotrek's external illumination project, Mr. Wynn Wang, RMDM's CEO met with a Mayor from Shanxi Province, Miss Feng Gaiduo, and proposed an initial landscape lamp design project. The mayor showed her support for Innotrek's attempts to enter the illumination industry and the negotiations will continue, entering the discussion of the project's design aspects.
In other events relating to the company USA based operations, The company is on the final stages of securing a bridge loan of about $80,000.00 ahead of certain pre arranged financing. Shane Cooper RMDM Cold Beverage President said (SIC) (Quotes taken from several emails where Ir is requesting update to shareholders of RMDM) "The bridge loan is essential and critical to RMDM beverage division as the company intends to use these funds to pay for the truckload of bottles we just purchased and the raw materials..... I am watching them adjust the line today for liter bottles. We should have the update on them coming off line within days with us in the Youth-Water shirts. Then promo sites with sales going on this week. The revenues won't be huge at first but the margins will good and the product will be launched."
The bridge loan is being provided by a Canadian based private equity finance company. The share structure will remain undisturbed.
RMD Entertainment Group focuses on the Leisure Industry. With a wide-span North American distribution network, RMD Entertainment Group operates Innotrek Technology Inc. (www.innotrek.com) in China and United Liquor Alliance (www.united-liquor.com) in Florida USA.
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SOURCE RMD Entertainment Group