Cognitive Computing Authors: Pat Romanski, Liz McMillan, David Linthicum, Elizabeth White, Yeshim Deniz

News Feed Item

RTGV Ventures CEO Issues Letter to Shareholders

Announces Conference Call With Shareholders and Investors

NEW YORK, NY -- (Marketwire) -- 03/31/10 -- RTGV (OTCBB: RTGV) ("RTGV" or "the Company"), a provider of online media and electronic payment systems, today issued the following letter to shareholders:

Dear RTGV Shareholders,
This has been a long journey. For the stalwart shareholders who have supported us, believed in the promise and stayed the course as the venture evolved, we thank you. Since I traveled to London this past summer because of concerns over Atlantic Network Holdings Limited ("ANHL") and New Media Television (Europe) Limited ("NMTV") protracted delay in meeting the Conditions of Closing, we began to turn the Business Plan on its head in order to meet the only objective that mattered: To create value for the investor by designing a sustainable venture in a growth industry and to take control of the process.

It gives me a great deal of pleasure to share this day with you. We completed the share exchange on March 31, 2010. In conjunction with the close, the management team and board decided to retain RTG Ventures, Inc. as the Company's name for the foreseeable future and it will continue to trade under the symbol "RTGV" on the OTC Bulletin Board. Cloud Channel Limited (CCL), a UK company, was developed as a contingency share exchange vehicle to facilitate the acquisition of the operating companies by RTGV in the event ANHL/NMTV did not meet the one Condition of Closing as agreed on January 20, 2010 by all parties for which an 8-KA was filed and a press release issued. ANHL/NMTV were to deliver an unencumbered corporate vehicle in NMTV subject to due diligence undertaken prior to the close. For the final time, ANHL/NMTV defaulted. The only prudent action to take was to rescind the Share Exchange Agreement signed on March 20, 2007 with ANHL, NMTV and certain outside shareholders of NMTV and filed as an 8-K at that time. The rescinding document and the new Share Exchange Agreement with CCL have been filed as an 8-K with the SEC. In retrospect, I wish we had the foresight to take this action earlier when ANHL failed to meet any of the required Conditions of Closing, thus missing closing dates set earlier. RTGV had met all of its obligations in May 2007; however, we mistakenly gave them latitude for required changes in management, purported lost documents, cultural differences resulting in lack of urgency, while at the same time enhancing the value proposition for RTGV shareholders. There was a balance, but it took far too long, for which I would like to extend my apology.

However, there is a brighter side to these delays. This has evolved into a shareholder-friendly deal placing RTGV shareholders in a very advantageous position. Post-closing, RTGV is the control company with no controlling majority entity in place. We have utilized the same structure of Preferred Shares to aggregate operating companies. We have, and are continuing to bring together like-minded, independent, well-managed companies who wish to grow through their acquisition by a public company allowing access to capital, liquidity, leverage, scale and an exit strategy. RTGV will operate three trading divisions: Media Systems, Payment Systems and Software & Services. Each division will contain autonomous corporations with individual business plans, strategies and targets. While many of the subsidiary corporations will be acquired in order to support the corporate vision, RTGV will also create its own start-ups within the corporate framework to exploit new technologies. At the closing, three companies make up the RTGV family, with three more in the pipeline.

A brief description of each company:
Digital Clarity is a digital marketing agency with a blue chip client list and strong expertise in search engine development, social media and electronic marketing. In addition to providing essential services to RTGV businesses, Digital Clarity will continue to grow its business organically and seek value enhancing acquisitions.

Bitemark is engaged in designing, manufacturing and distribution of consumer electronics, gift-ware and general merchandise. Bitemark's expertise and experience in sourcing high quality goods from small production runs in the Far East and tested global logistics capability offers RTGV's companies the ability to develop physical products and rapidly introduce these in the market.

Paylogy Limited is the company that controls our payments division. We have refined our payment approach and are looking for a back-end payments processor company that will, as part of their offering, provide web access to complement iPayu. We are in discussions with two such companies. This will be a major step up from our original plans and provide a solid base not only for the Company, but for future growth.

Other partnerships, strategic alliances, acquisitions and organic growth opportunities will make for a very nimble company with a strong competitive edge. In addition to these three companies, we are in negotiations with other companies in media systems and payment systems, which we estimate will generate revenues of over $5.0 million in the first year of operation rising to $50.0 million the third year of operation.

No share reversal of existing RTGV shareholders to the requisite 42,435,315 will take place until all of the Preferred Shares allocated to this transaction have been allocated. Going forward, RTGV's Board of Directors will ensure oversight as a transparent US public company adhering to Best Practices of Corporate Governance. The Conference Board has stated that the perceived quality of a company's corporate governance can influence its share price as well as the cost of raising capital.

In order to enhance our communication with the investment community and expand our outreach we have engaged CCG Investor Relations, a global, full-service investor relations and strategic communications agency, to manage and execute our investor relations program. We look forward to collaborating with CCG to raise our visibility within the investment community and the financial media.

I would also encourage you to access this link Registration Form http://ccgir.us1.list-manage.com/subscribe?u=54b88ab2f29bb462b71c63f2f&id=361282c3ed and sign up to receive future updates on RTGV. I look forward to speaking with each of you on our conference call on Thursday, April 1, 2010 at 1.00 p.m. Eastern Time.

Linda Perry

Conference Call Information
Management will conduct a conference call at 1:00 p.m. Eastern Time on Thursday, April 1, 2010 to provide an update on the Company's outlook and address shareholder questions. To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 518-825-1300. The conference ID number for the call is 593384.

About RTGV: RTGV is an online media and electronic payment systems provider with an aggressive business model to grow unique and highly profitable consumer and business services both by organic growth of current assets and by acquisition. RTGV is targeting niche markets in the areas of Web-TV with embedded internet and mobile payment solutions. World-leading exclusive multicasting technology underpins RTGV's broadcast platforms making them very scalable for Video On Demand (VOD), linear broadcasting and live broadcasts. Two media platforms are being developed, while payment systems divisions will provide cutting-edge credit, debit, and e-cash payment services to e-commerce and mobile commerce merchants offering significant savings over current payment methods. Through embedding its payment solutions seamlessly into its online media broadcasting platforms will create a clear differentiation and advantage for our Company over other broadcast platforms, allowing its customer to monetize digital assets with no further integration of financial systems. Furthermore, through its retail sales channel, BMC, RTGV will be able to brand and productize its media offerings for sale through traditional retail outlets. RTGV's strategy for each initiative is to maximize ROI for all stakeholders. www.rtgventures.com is currently under reconstruction to reflect the changes above.

Safe Harbor Provisions: 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.

Company Contact:
RTG Ventures Inc.
Tel: +1-917-488-6473

Investor Relations Contact:
CCG Investor Relations
Mr. Roger Ellis, Partner
Email: Email Contact
Tel: +1 310 954 1332

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Apptio fuels digital business transformation. Technology leaders use Apptio's machine learning to analyze and plan their technology spend so they can invest in products that increase the speed of business and deliver innovation. With Apptio, they translate raw costs, utilization, and billing data into business-centric views that help their organization optimize spending, plan strategically, and drive digital strategy that funds growth of the business. Technology leaders can gather instant recomm...
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and wor...
The Master of Science in Artificial Intelligence (MSAI) provides a comprehensive framework of theory and practice in the emerging field of AI. The program delivers the foundational knowledge needed to explore both key contextual areas and complex technical applications of AI systems. Curriculum incorporates elements of data science, robotics, and machine learning-enabling you to pursue a holistic and interdisciplinary course of study while preparing for a position in AI research, operations, ...
After years of investments and acquisitions, CloudBlue was created with the goal of building the world's only hyperscale digital platform with an increasingly infinite ecosystem and proven go-to-market services. The result? An unmatched platform that helps customers streamline cloud operations, save time and money, and revolutionize their businesses overnight. Today, the platform operates in more than 45 countries and powers more than 200 of the world's largest cloud marketplaces, managing mo...
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and Bi...
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.