RTGV News RTG Ventures Update on Acquisition Discu

RTGV News RTG Ventures Update on Acquisition Discussions

2012-03-30 09:00 ET - News Release

NEW YORK, March 30, 2012 /PRNewswire/ -- RTG Ventures (OTCQB: RTGV) continued its negotiations with a target acquisition company which controls multiple platforms in Los Angeles. All parties continue to be governed by NDAs which means no details can be provided to the public until an agreement is finalized including all professional advisors' input.

Linda Perry returned to New York from LA yesterday and commented: "Both sides are jazzed about the synergies and the prospects for the future, particularly when you include the like-minded relationships and existing partnerships which will be brought together through the acquisition. Starting with a strong foundation provided by the earlier acquisition of Digital Clarity, RTG has a firm foundation in social media which will support all new platforms globally. Prominent individuals in the entertainment industry have already been identified, and their involvement confirmed; the execution is on fast-forward, is US-centric and will provide access to new markets while building the brand. The acquisition further expands new branding opportunities and will make the combined entity stronger. RTG's Board recognizes that shareholders would like specifics and, as soon as documents are concluded, the details will be provided to all."

Perry will return to LA on April 5 to continue the discussions and will be joined by Neil Gray, RTG's Chairman. Reggie James will also return to LA to conclude a commercial relationship for Digital Clarity. Again, the details will be provided when the deal is done.