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RMD Entertainment's Roc Monee Explodes Onto the Digital Scene as His First Single "Overdrive" Is Tearing Up Internet Music Sites
16 September 2006 RMD Entertainment Group (PINKSHEETS: RMDG) announced today that their star artist Roc Monee's first single, "Overdrive," is not only being supported by a growing number of radio stations, but he is also in heavy digital demand. RMD has been touting the strategic importance of its extensive digital distribution matrix for some time and now the opportunity for full blown deployment of their system has arrived.
"Today is an important day in our history as a company," said Giorgio Costonis, CEO of RMD. "It always gives me a great feeling of satisfaction to see each line item in our strategic plan become a reality. This sense of satisfaction is what drives us as a company to stick to our game plan without exception. 'Overdrive' is being made available for sale today at digital giants like SonyConnect.com, MusicNet.com, Starbucks.com, MSN.com, and iTunes. Aggressive deployment of 'Overdrive' will continue over the next two weeks with worldwide coverage expected to be completed within the next 17 days. Both digital download formats and ring-tone formats will be made available to over 60 digital retailers on every continent of the world. Digital downloads are sold at price points from $0.99 to $1.75 and ring-tones are sold at price points from $0.99 to $3.99 per unit. Price points vary for each distributor. We will continue to work each of the twelve singles from Roc's album in this manner and are also considering the release of digital only remix packages for major players in our market like the distributors that released it today. Our research shows that the revenue from digital sales alone should account for close to 50% of total earnings on each and every music project we release."
Highlighted Links RMD Entertainment Group
RMD's Head of Digital Distribution Mark Davis commented, "The rate with which Roc Monee's fan base is growing is staggering and proves that our early online grassroots strategy was a success." Davis added, "The digital music community has become the barometer with which people gauge the offline credibility of tomorrow's stars and judging from the response thus far, Roc Monee is a fan favorite."
Davis also added that press releases would continue with each and every digital release by each retailer for Roc's album.
About RMD Entertainment Group
RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDA's. RMD has significant successes internationally and its staff producers have collaborated with some of the most influential names in the music today including 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. The Company current possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal in North America and in Europe through the Pickwick Group Ltd. of London.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of RMD Entertainment Group, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Jed Wallace Publicist Phone: (310) 234-3200 jwallace@mphpr.com
SOURCE: RMD Entertainment Group
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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