QASP should find a bid after today's 25% haircut.
RMDM will move on a press release out after hours. The Guru has pasted it below for your viewing pleasure.
SKGO is a stock the Guru is not too keen on, but still likes it for a little more upside. At some point this year SKGO will be a $.0002/$.0001 stock, so don't be holding this one too long... unless you like losing money.
BEIJING, Feb 09, 2010 /PRNewswire via COMTEX/ -- (RMDM Contract Valued at $1.8 million USD)
RMD Entertainment Group's (http://rmdmgroup.com/) China based subsidiary Innotrek Technology Co., Ltd.'s (http://www.innotrek.com/) and the Qingxu County government in China launched the Intelligent Traffic Monitoring System installation project.
Innotrek Technology led by the RMDM CEO Mr. Wynn Wang met with the Taiyuan County Public Security Bureau representatives and officially launched the Traffic Monitoring System installation across the city. Innotrek technology and Qingxu government agreed to install 17 Yingnuo HD Checkpoint pursuit hit-and-run system projects and 5 Yingnuo red-light-violation capture system projects. The government budget for the project is 12.1 million RMB ($1.8 USD). The company expects to commence the installation shortly.
Mr. Wynn Wang, RMDM CEO, said, "We've easily sailed through the initial stages of this project negotiations, mostly due to our leasing model which had proved itself highly effective with the government. The government road monitors get state-of-the-art technology that allows gathering revenues while not spending any money on the initial installation. Getting rid of the 'initial cost' discussion speeds up all our negotiations exponentially, and we look forward to fast growth of our highway monitoring market share across China."
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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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.
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SOURCE RMD Entertainment Group
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