 PHILADELPHIA, PA - (RMD Entertainment Group) - RMD Entertainment Group announced today that the ink is dry on one of the most financially empowering agreements to date for RMD. 1i Limited focuses on the resale of online digital content and sees the value in what RMD Entertainment had to offer the marketplace with regard to high-end, high demand entertainment projects. According to the agreement, 1i Limited has guaranteed RMD $100,000.00 in revenue for the first year alone while expecting year-end totals to substantially exceed that amount. By entering into this relationship, RMD has not only secured a substantial revenue stream for 2006, but they have also found a perfect vehicle for artist and company promotion. RMD CEO Giorgio Costonis had this to say, "Coming on the heels of such powerful alignments with Napster, eWan, WechTech, and T-Mobile to name a few, we are thrilled about this relationship with 1i Limited. An agreement like this is a massive step forward for our company and our vision; we have strengthened our hold on the content delivery community while simultaneously developing new revenue streams. We couldn't be more pleased. It was a pleasant surprise to announce $100,000.00 in revenue in the first quarter of 2006 but this is only the beginning. Our shareholders will see that our planning has been very solid since we entered the entertainment arena and our execution will be what eventually lands us recognition as one of the premier Hip-Hop entertainment companies in the world. We look forward to continued success during this year and beyond." In related news Costonis announced plans to introduce his executive staff to shareholders within the next two weeks via open forum teleconference to discuss the latest events, immediate, and future plans of the company. A date will confirmed shortly with all details provided in a press release and notice to shareholders.
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