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RTG Ventures Announces Update and On-Going Strategic Review

Date : 10/11/2011 @ 9:30AM
Source : PR Newswire (US)
Stock : Rtg Ventures (QB) (RTGV)
Quote : 0.022  0.0 (0.00%) @ 2:05AM
Quote Chart

RTG Ventures Announces Update and On-Going Strategic Review

NEW YORK, Oct. 11, 2011 /PRNewswire/ -- RTG Ventures, Inc. (OTCQB: RTGV) Announces that it is reviewing all its strategic options for the future development of the business, in particular, its technology platform CloudChannel.

This is the first announcement since the company charged the stewardship to its digital & development vehicle, Digital Clarity. 

Reggie James, currently managing Director of Digital Clarity, said, "Since taking a tighter grasp of the CloudChannel vehicle, it has been imperative and timely for me to take this review; Not just on product, but company-wide and deliver some wholesale changes."

James added, "The review has consisted of looking at organizational as well as operational structure and how this has impacted on market performance. The results thus far are leading toward the company making positive wholesale changes that will result in a streamlined operation. We will be focused on delivering strong product, service, and revenue generation."

James went on to say, "Further announcements will be made very shortly as we just concluded our first fiscal year which will position the company in a stronger position to help us better and aggressively achieve our goals."

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.

Contact Information

Investor Relations Contact:

David Marioni

First State Internet Services

Wilmington, DE 19804

302 983 8196

SOURCE RTG Ventures, Inc.

Copyright 2011 PR Newswire



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