RTG Ventures Updates on CloudChannel After Board Meeting
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/27/11 -- RTG Ventures, Inc. (OTCQB: RTGV) has released updated information on the company's disruptive media technology, CloudChannel, following a board meeting in London.
Reggie James, Digital Clarity MD and SVP of Marketing & Communications at RTG Ventures said, "The Board has noted with satisfaction on the progress made during the past six months with the CloudChannel platform. The main source of delay has been halted, and the second phase of development is well under way."
He added, "In such a fast moving arena, CloudChannel has, in its young life, had some serious interests from major players in the market and discussions are on-going. We are aware of the need and interest from shareholders and where possible, we will release more detailed updates where there is no danger of commercial impediment."
James added, "Following a thorough review of the platform, the Board unanimously agrees and has approved the decision to move the CloudChannel product development under the stewardship of the team at Digital Clarity. This move will allow for stronger and intelligent supervision alongside a tighter 'fit' with both brand enhancement and business development."
RTG Ventures, Inc. is a fully reporting company (OTCQB: RTGV) offering a turnkey media monetization solution to rights owners of music video content. At the heart of RTGV's total product offering is a Monetization Platform which allows rights owners to define and tag media content in detail, set and enforce rights management and distribution rules, receive payment on distribution and obtain detailed analytics in real time. For further information, see .
The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
Investor Relations Contact:
David Marioni
First State Internet Services
Wilmington, DE 19804
302 983 8196
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Datum: 27.09.2011 - 12:30 Uhr
Sprache: Deutsch
News-ID 70065
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