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11/30/2005
RMD Entertainment Group Signs Letter of Intent to Acquire Hip Hop Sports Apparel Company DBands
PHILADELPHIA, PA -- (Market Wire - Nov 30, 2005) - RMD Entertainment Group (OTC: RMDG) announced today that it has signed a letter of intent to acquire Hip Hop Sports apparel company DBands (www.dbands.com).
DBands are designed to maintain their position over the forehead area, making them comfortable and easy to wear. Their extra absorbent materials prevent sweat from reaching the eyes, resulting in better performance during competition.
DBands have performed well in trials and several NBA players have worn them during last season with great results. In addition, several major Hip Hop performance artists have endorsed the unique headwear as the newest and hottest fashion statement on the streets today. Recently DBands has received extensive media coverage in GQ Magazine and on CNN's "After the Bell."
"This is an opportunity we felt like we could not pass up," says Giorgio Costonis, CEO of RMD Entertainment Group. "DBands is a unique product that has performed better than the traditional headbands worn by athletes in the past. In addition, their unique design has attracted the attention of the Hip Hop lifestyle consumer market. We see a tremendous amount of cross promotion between the artists that we release material on and the DBand product. There are many creative ways that we can create revenue potential from this acquisition once it is completed. We have had the opportunity to acquire clothing lines in the past but none fit quite like DBands. We see revenue potential from athletes using the product, 14 to 24 year olds wanting to make a fashion statement and corporate advertising material potential."
Vincent Normant, founder, creator and CEO of DBands, added, "We are on the same page as the executive team over at RMD. Our role is to break them into the Hip Hop apparel market much like Phat Farm did for Russell Simmons and Def Jam. We are a company on the rise much like RMD. Our product and their artist stable should complement each other quite well. It's a great fit for each firm. Our first product line is complete and manufacturing is ongoing. We look forward to a great relationship with RMD Entertainment group and will look to expand our existing product line within the next 6 months."
A tentative date of December 13th has been scheduled in which all contracts would be signed in Philadelphia. Press passes will be provided to the event upon request. For more information on Media clearances please contact MPH Public Relations at 310-234-3200.
About RMD Entertainment Group.
RMD Entertainment Group (RMDG) is a cutting-edge entertainment company with a primary focus on selling hip-hop music internationally. www.rmd-entertainment.com/distro.htm. Additionally, the company markets other Hip Hop lifestyle products to its music audience. RMD has a vast worldwide distribution network that allows its music to be sold to the end consumer in compact disc formats, digital downloads, and personal ring tones for mobile customers. RMD's hip-hop catalogue is exclusively distributed by Bungalo Records in North America, which is exclusively distributed by Universal Music Group -- while European distribution is handled entirely by the Pickwick Group of London, England. RMD's dance music catalogue is exclusively distributed by Inversus Records of Miami, FL.
Truly a global company with well over 60 years combined experience in the music industry, RMD has had nothing but success on the international level and its staff producers have collaborated with some of the most influential names in the music scene today, such as Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Steve Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others.
About Sciax Defense
Sciax Defense is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Sciax Corp. (http://www.sciax.com). Wolf Pack, the company's tactical remote viewing system, is manufactured under license from Eomax Corp. and is used by law enforcement and military organizations in North America and Europe. Customers include military and law enforcement agencies of the U.S. and German governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and businesses of Sciax Technology Inc., Sciax America Inc., RMD Entertainment Inc. and Sciax Corp., which involve risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports. The company intends that such statements about the company's future expectations, including future revenues and enforcement and defense imaging system earnings, entertainment product earnings, and all other forward-looking statements, be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.
CONTACT:
Jed Wallace
Publicist
Phone: (310) 234-3200
jwallace@mphpr.com
DBands are designed to maintain their position over the forehead area, making them comfortable and easy to wear. Their extra absorbent materials prevent sweat from reaching the eyes, resulting in better performance during competition.
DBands have performed well in trials and several NBA players have worn them during last season with great results. In addition, several major Hip Hop performance artists have endorsed the unique headwear as the newest and hottest fashion statement on the streets today. Recently DBands has received extensive media coverage in GQ Magazine and on CNN's "After the Bell."
"This is an opportunity we felt like we could not pass up," says Giorgio Costonis, CEO of RMD Entertainment Group. "DBands is a unique product that has performed better than the traditional headbands worn by athletes in the past. In addition, their unique design has attracted the attention of the Hip Hop lifestyle consumer market. We see a tremendous amount of cross promotion between the artists that we release material on and the DBand product. There are many creative ways that we can create revenue potential from this acquisition once it is completed. We have had the opportunity to acquire clothing lines in the past but none fit quite like DBands. We see revenue potential from athletes using the product, 14 to 24 year olds wanting to make a fashion statement and corporate advertising material potential."
Vincent Normant, founder, creator and CEO of DBands, added, "We are on the same page as the executive team over at RMD. Our role is to break them into the Hip Hop apparel market much like Phat Farm did for Russell Simmons and Def Jam. We are a company on the rise much like RMD. Our product and their artist stable should complement each other quite well. It's a great fit for each firm. Our first product line is complete and manufacturing is ongoing. We look forward to a great relationship with RMD Entertainment group and will look to expand our existing product line within the next 6 months."
A tentative date of December 13th has been scheduled in which all contracts would be signed in Philadelphia. Press passes will be provided to the event upon request. For more information on Media clearances please contact MPH Public Relations at 310-234-3200.
About RMD Entertainment Group.
RMD Entertainment Group (RMDG) is a cutting-edge entertainment company with a primary focus on selling hip-hop music internationally. www.rmd-entertainment.com/distro.htm. Additionally, the company markets other Hip Hop lifestyle products to its music audience. RMD has a vast worldwide distribution network that allows its music to be sold to the end consumer in compact disc formats, digital downloads, and personal ring tones for mobile customers. RMD's hip-hop catalogue is exclusively distributed by Bungalo Records in North America, which is exclusively distributed by Universal Music Group -- while European distribution is handled entirely by the Pickwick Group of London, England. RMD's dance music catalogue is exclusively distributed by Inversus Records of Miami, FL.
Truly a global company with well over 60 years combined experience in the music industry, RMD has had nothing but success on the international level and its staff producers have collaborated with some of the most influential names in the music scene today, such as Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Steve Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others.
About Sciax Defense
Sciax Defense is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Sciax Corp. (http://www.sciax.com). Wolf Pack, the company's tactical remote viewing system, is manufactured under license from Eomax Corp. and is used by law enforcement and military organizations in North America and Europe. Customers include military and law enforcement agencies of the U.S. and German governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and businesses of Sciax Technology Inc., Sciax America Inc., RMD Entertainment Inc. and Sciax Corp., which involve risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports. The company intends that such statements about the company's future expectations, including future revenues and enforcement and defense imaging system earnings, entertainment product earnings, and all other forward-looking statements, be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.
CONTACT:
Jed Wallace
Publicist
Phone: (310) 234-3200
jwallace@mphpr.com
# posted by Clyde @ 4:33 PM 
