RTGV News .0032 8-K Filed As RTG Ventures Complete
Post# of 144494
RTGV News .0032 8-K Filed As RTG Ventures Completes Acquisition Of Brand Entertain -- Letter To Shareholders On Detail To Follow
2012-06-12 08:00 ET - News Release
NEW YORK, June 12, 2012 /PRNewswire/ -- RTG Ventures, Inc. (OTCQB: RTGV) has today announced that the acquisition of Brand Entertain (BE) by the company has been completed. The 8-K has been filed with the SEC coincidentally.
Reggie James Executive Director and Senior VP of Marketing Communications said, "The hard effort by the teams at RTGV and BE has culminated in a very exciting new milestone for the company that commercially and intellectually embraces the seismic shift that is occurring in sports, music & entertainment." James added, "This truly is a force of talent and technology. We have massive collaborations underway with companies such as Aderra and others in music and live streaming as well as Brand Entertain's reach into localized business models and exciting new sporting programmes."
"We are enthusiastic about integrating Pulse Station into multi-channel entertainment platforms in sports and music," said Cord Pereira, Managing Director of Brand Entertain. "This includes Teen Star, Clean Water Tour, National Volleyball League and other projects in our development pipeline."
Steve Baughman head of US operations added, "The recent trip to New York has laid the foundations for some incredible new business opportunities in app development that will not only embrace the available skills and technologies in the new company but also help us tap into the $1.7 billion in-app advertising market."
The management is preparing a letter to shareholders. The letter will outline the financial structure of the acquisition which is performance based and similar to the recent acquisition of Digital Clarity. The structure is built around a reflection of the new valuation methodology which includes reach and users that creates revenues and is representative of a new generation of companies in the media and technology industry.
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