MESA, Ariz. and WASHINGTON, May 29, 2012 /PRNewswire/ -- B2 Digital, Inc. (OTC Markets: BTDG; SSM Media Ventures, Inc.) Rodney P. Hunt Chairman BTDG secures confirmation of the first ($5,000,000.00) in Funding.
Mr. Rodney P. Hunt, Chairman of B2 Digital Inc. received confirmation of the first ($5,000,000.00) in Debt financing for BTDG's re-launch and re-organization. Mr. Hunt will be securing this financing through a Standby Letter of Credit through a top bank to fund BTDG's subsidiaries and launch on a major exchange.
Mr. Hunt hopes for a repeat of his previous success with his company RSI Systems, Inc. "I am working to strengthen BTDG's capital reserves," says Hunt.
"He plans on using his considerable resources in the debt and equity markets to reposition the stock from a pink sheet company to a fully reporting public company, listed on a major exchange. BTDG is poised to be strong firm," says Atonn F. Muhammad, the company President.
B2 Digital will be preparing for a secondary offering and use proceeds to build a strong portfolio of brands in Television, Entertainment, Digital Media and IT.
RODNEY P. HUNT BIO
About B2 Digital
B2 Digital is dedicated to seeking acquisitions, mergers and joint ventures with a scope of business opportunities including the resource sector. With a deal of this type B2 Digital will become a part of a great organization, SSM Media Ventures, Inc. and RHN. For information on B2 Digital Inc., please go to the company website at:
SSM Media Ventures, Inc. is a premier private equity group with a growing portfolio of companies. SSM and wholly owned subsidiaries RHN.TV and B2 Digital, Inc. is a media corporation providing television programming services to diverse markets. SSM's core concentration is in telecommunications, mobile technology, cable, internet and media.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filing with OTC Markets.Com. All business projects are subject to numerous risk factors including changing regulations and other factors that may depend on funding and approval of government agencies.
SOURCE SSM Media Ventures, Inc.; B2 Digital, Inc.